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Study: FHA Underestimating Mortgage Risks

When it comes to creating sustainable homeownership, some economists are saying the FHA is celebrating results it hasn't actually achieved. In a new study, New York University economics professor Andrew Caplin and his co-authors investigate mortgage risk assessment and the FHA's actual progress toward creating sustainable homeownership. Caplin and his co-authors conclude that the FHA measuring the wrong data and using flawed results to estimate mortgage risk--specifically, the risk related to internally refinanced loans.

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LendingTree Ranks the Top 10 Borrower-Rated Lenders

Consumers purchasing mortgage loans during the third quarter have revealed their preferences, recognizing 10 companies as lending leaders. Asking borrowers to rank specific aspects of their experience during the loan process in a recent survey, LendingTree identified the top 10 customer-rated companies within its network of more than 250 lenders.

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Three Officers Join MBA Leadership

The Mortgage Bankers Association (MBA) swore in Debra Still, E.J. Burke, and Bill Cosgrove as chairs at the association's 99th Annual Convention & Expo in Chicago, MBA announced Monday.

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Carrington Awarded Place in Ellie Mae’s Hall of Fame for Technology

The mortgage lending division of Carrington Mortgage Services, LLC was inducted into the Ellie Mae Hall of Fame for mortgage technology. Carrington was specifically recognized for the Best Adoption of Automation at Ellie Mae's Encompass EXPERIENCE 2012 National User Summit due to the company's customization of Ellie Mae's DataTrac mortgage management software.

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NewDay USA Helps Renovate Veteran’s Home

NewDay will work with RenovatingHope, a nonprofit organization focused on improving homes for active military members and veterans, to improve the home of a decorated veteran who has served more than 20 years in the military with overseas tours during Operation Desert Storm and recently in Afghanistan and Iraq.

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Electronic Commerce Pioneer Joins DocMagic

New

Compliance software developer DocMagic announced Tim Anderson has been hired to head the firm's new eServices Division. An industry vet, Anderson is a well-known advocate of electronic commerce and eMortgages. He comes to DocMagic with more than 30 years of experience on both the lender and the vendor side of business.

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