LenderLive Appoints VP for GuardianDocs Division In Colorado, LenderLive Network, Inc., appointed Bob Crittenden as VP of sales for its GuardianDocs division.
Read More »Despite Decline in Fraud Levels, Some States Still Suffer
In its 15th Annual Mortgage Fraud Report, LexisNexis Risk Solutions put a spotlight on three economic indicators: mortgage fraud and misrepresentation involving industry professionals, potential collusion activity, and volume of properties in default. Looking at mortgage loan fraud levels, researchers at LexisNexis determined that most states have seen fraud fall to normal levels since 2008, though the fallout from prior years continues to build.
Read More »Genworth, MBA Announce Redesign of CRU Training
Genworth U.S. Mortgage Insurance (USMI) and the Mortgage Bankers Association (MBA) announced Tuesday that a redesigned training curriculum for CampusMBA's CRU Specialist Designation will soon be available.
Read More »Report: 2.5M Homes Return to Positive Equity in Q2
The number of mortgaged residential properties with negative equity fell more than five percentage points throughout the year's second quarter, CoreLogic reported Tuesday. According to the company's analysis, approximately 2.5 million residential properties returned to a state of positive equity last quarter, bringing the total number to 41.5 million. Meanwhile, 7.1 million homes--or 14.5 percent of all residential properties with a mortgage--were still in negative equity.
Read More »loanDepot, imortgage to Unite
loanDepot.com, LLC and imortgage.com, Inc., have entered into a definitive agreement to combine, creating the nation's third-largest private, independent retail mortgage lender.
Read More »WL Ross Vice Chair Talks Shop on GSEs and Housing Lessons
James B. Lockhart III, vice chairman of WL Ross & Co. and former director of the Federal Housing Finance Agency, addressed a packed house at the inaugural Investment Symposium at the 10th Annual Five Star Conference and Expo. Lockhart's speech wound through many of today's biggest topics, including the current movement to dissolve the GSEs. He also praised Federal Reserve chair Ben Bernanke's leadership during the crisis, saying Bernanke's efforts to move the economy have been largely successful.
Read More »Norcom Opens Fairfield Branch, Names Manager
Having been approved in August, Norcom Mortgage's Fairfield, Connecticut, branch is open for business, the company announced. The Fairfield branch will take direction from Manny Gomes, a resident of the area since graduating from Southern Connecticut State University in 2006.
Read More »What do Rate Hikes Mean for Origination Volume?
While FBR Capital Markets says its predictions for origination volume are still "attainable," the company admits its estimates "depend on a stable rate environment or a more robust level of economic activity."
Read More »Analysts: Recovery Slowing to Sustainable Track
Market indicators continue to point to an imminent slowdown in home price gains--further allaying fears of another housing bubble in the making, Capital Economic says.
Read More »ARMOUR Brings on New Board Member, Appoints COO
In Florida, ARMOUR Residential REIT, Inc., announced the appointment of Carolyn Downey as a new independent member of the company's board of directors.
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