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Economy Expected to Recover From First Quarter Decline

After a decline in economic activity in the first quarter, research has shown that a complete turnaround is expected for the second quarter. Fannie Mae’s Economic & Strategic Research (ESR) Group found indicators of the U.S. experiencing a moderate rebound in economic growth for the current quarter.

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Five Star Partners With Industry to Launch Mortgage Diversity Council

The AMDC's goal is to drive results that support the application and promotion of the mortgage industry's best diversity practices, and advancing solutions that support initiatives outlined by Section 342 of the Dodd-Frank Act–which focuses on minority and inclusion rules that call for greater supply chain diversity and greater diversity in hiring and promoting in the workforce.

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Keeping Up with the Customer: Evolving the Retail Business Model to Stay Ahead of the Curve

In today’s environment, all retail lenders should be asking themselves, “What value am I truly offering a borrower?” We know that more and more consumers use an online, self-service option when making any retail purchase —mortgages included. When such convenience is available, why would a customer pay more to get a home loan from a retail lender instead? When faced with these questions, it is important to evolve your retail business model to stay ahead of the curve. Editor's note: This select print feature appeared in the June 2015 edition of MReport magazine, available now.

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Housing Forecast Highlights Expected Changes for the Second Half of 2015

With the housing market still in recovery from the recession, homeownership is not a commodity that everyone can afford. In fact, it is a luxury. Forbes writer, Erin Carlyle pointed out a housing forecast titled "What to Expect in the Second Half of 2015" that the homeownership rate in 2005 was 69.1 percent, while today, it’s 63.7 percent, the lowest level the nation has seen since 1993. The forecast highlights that sellers are in an ideal market as the demand for housing is back, but for buyers, home prices are not very favorable and continue to rise.

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Expert Analyzes Housing Market Strength in Oil Metros

Housing market watchers have been waiting to see what will happen in parts of the U.S. with heavy oil-related employment, according to CoreLogic’s report on their Insights Blog titled “Housing Market Strength in Oil Metros, Equity Position of Texas Oil Metros is Strong.” Between the fall of 2014 and this spring, oil prices fell 42 percent causing those who consistently monitor the housing market to wonder about the effect that this will have on the real estate industry.

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BSI Financial Aims to Expand Management by Recruiting Three New Executives

BSI Financial Services (BSI Financial) recently announced three new appointments to its management team so that the company can prepare for growth in its core servicing and related business lines. John Lawrence assumes the position of EVP and Chief Servicing Officer, Akshay Singh is named Managing Director for Strategy and Corporate Development, and Michael Whitfield is also named VP for Loan Administration.

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Alliant Hires New Florida Underwriting Counsel and VP

Alliant National Title Insurance Company, a title insurance underwriter that partners with Independent Agents to improve their competitive position in the marketplace, recently announced in a press release the hiring of Brenda J. Cannon, Esq. to the position of Florida Underwriting Counsel and VP.

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Industry Anxiously Awaits Disparate Impact Ruling

With word the highly anticipated disparate impact ruling expected to come forth by the end of June, industry leaders cannot help but grow increasingly curious regarding this Supreme Court case. The Supreme Court heard the case of Texas Department of Housing and Community Affairs, et al. (Texas) v. Inclusive Communities Project, Inc. (IC) on January 21 and have yet to make a decision on this case.

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