Home >> News (page 1050)

News

Gold Star Mortgage Appoints Community Commitment Liaison

New

Brooke Hoag will now be the face of Gold Star Mortgage Financial Group's community service efforts, the company announced. As Gold Star's community commitment liaison, Hoag will devote her energy to formalize and expand community giving efforts developed by employees over the years.

Read More »

Mortgage Application Volume Falls as Rates Climb

Mortgage applications dipped last as long-term rates reached a five-month high, according to the Mortgage Bankers Association (MBA). MBA's weekly Market Composite Index showed a 6.4 percent drop for the week ending February 8. On an unadjusted basis, the index was down 5 percent. After showing some strength in the previous week, purchase application activity also dropped, falling by an adjusted 10 percent (or an unadjusted 4 percent). Year-over-year, however, volume was still up 15 percent.

Read More »

California Sees Largest Rent Price Growth in 2012

RentRange, LLC, a Westminster, Colorado-based data and analytics provider for the single-family rental market observed changes in rent prices for three-bedroom, single-family homes located in cities with at least 25,000 residents. The data firm found the greatest growth in La Quinta, California, where rents increased 35.75 percent from December 2011 to December 2012.

Read More »

FTC: 25% of Consumers Have Errors in Credit Reports

Nearly 20 percent of credit reports reviewed by consumers and experts, according to a congressionally mandated study by the Federal Trade Commission (FTC). The study, based on the findings of 1,001 participants reviewing 2,968 credit reports issued from Transunion, Experian, and Equifax, showed that approximately 25 percent of consumers identified errors material enough to affect their credit scores. About 5 percent found errors large enough to trigger higher payments for mortgages or other financial products.

Read More »

Freddie Mac Names New Board Member

New

Freddie Mac's board has a new member. The company announced the election of Steven W. Kohlhagen, Ph.D. to its board of directors. Kohlhagen brings more than three decades of experience with him, having held senior executive positions at leading financial institutions, including First Union National Bank (predecessor to Wachovia National Bank), American International Group, Stamford Capital Group, Bankers Trust Corporation, and Lehman Brothers.

Read More »

Mortgage Master Expands in Midwest with Chicago Branch, New Hires

New

Mortgage Master, a super-regional mortgage bank and one of the country's largest privately owned mortgage companies, announced it is expanding its geographic footprint into the Midwest with the opening of a new branch in Chicago. The company also announced the hiring of Brian Jensen as Midwest regional manager and Craig Achtzehn as area manager in the Chicago branch. The company also announced the hiring of Brian Jensen as Midwest regional manager and Craig Achtzehn as area manager in the Chicago branch.

Read More »

GET THE NEWS YOU NEED, WHEN YOU NEED IT.

With daily content from MReport, you’ll never miss another important headline in originations, lending, or servicing. Subscribe to MDaily to begin receiving a complimentary daily email containing the top mortgage news and market information.