News

Arch Mortgage Insurance Company and OpenClose announce Monday an integration aimed at providing “more competitive, sophisticated and dynamic MI pricing solution than conventional rate sheets,” according to Chris Hovey EVP and COO at Arch MI. Arch MI, the flagship private mortgage insurance provider of Greensboro, North Carolina-based Arch Capital Group, and West Palm Beach, Florida-based OpenClose, are collaborating to offer Arch MI RateStar pricing information within the OpenClose LenderAssist loan origination system.

Ten-X held a live webinar on Tuesday with EVP Rick Sharga to discuss his views on the state of the economy in this 2017 mid-year housing update.

Clarocity Corporation, based in Carlsbad, California, announced Monday that Bill Waltenbaugh is taking on the role of Chief Appraiser at Clarocity Valuation Services. Waltenbaugh brings 30 years of real estate industry experience to his new role, including past experience as a Chief Appraiser and Director of Compliance at several appraisal management firms. “Bill Waltenbaugh is a nationally recognized appraiser, with vast experience in ensuring exceptional appraisal quality and compliance,” said Aleksandra James, President of Clarocity Valuation Services.

Operation Homefront, a nonprofit organization dedicated to serving our military heroes after they return home from service, has recently announced the appointment of JK Huey to its Board of Directors after her retirement from Wells Fargo. Huey brings over 35 years’ experience in the mortgage industry to the cause.

In a move reminiscent of 2008’s increased popularity of subprime loans, the Office of the Comptroller of the Currency issued a bulletin Monday to national banks and federal associations that outlines practices to help manage programs that originate loans with a loan-to-value ratio over 100 percent. But is this responsible lending, or the same mistake from nearly a decade ago?

According to AARP, those planning for retirement should save approximately $1 million considering the average American retirement age is 63 and life expectancy is 85. However, not all areas in the U.S. are the same when it comes to how long that million will last.

New construction starts are on the rise at the start of Q3, which bodes well for coming months. See how specific regions performed across the country in this report.

When it comes to potential homebuyers as well as homeowners looking to refinance, Freddie Mac is turning to automated appraisals—at least if the property passes its automated collateral evaluation, or ACE.

Increasing home prices aren’t a trend that just the middle and lower classes are experiencing—those in the million-dollar range are noticing, too. In fact, some of those that used to not have a million-dollar price tag now do.

It’s known that an aspect of the American Dream is homeownership—one thing that isn’t as available to some demographics as others. Take a look at what a report will detail on homeownership as well as what else is coming in The Week Ahead.