In his new role, Grant McFarland, who has been with the company 10 years, will focus on processing, underwriting, and closing technologies.
Read More »Finance of America Acquires Parkside Lending’s Wholesale Operation
This marks the company's 16th acquisition and integration of a "highly complementary business," says CEO Patricia Cook.
Read More »Why Many Local Homebuyers Are Being Shut Out
Economists say local residents looking to buy their first home or relocate within their hometown are losing out because of out-of-towners' big budgets.
Read More »Indecomm’s Automated Decision-Making Software for Mortgage Underwriting
Edison, NJ-based Indecomm Global Services, provider of automation, outsourcing, compliance services, and technology for the U.S. mortgage industry, announced the release of DecisionGeniusTM, a mortgage automation solution that ...
Read More »How Economic Shock Spreads Between Local Housing Markets
Why have some cities experienced high house price growth even in the absence of large local economic shocks? A researcher delves into this and more.
Read More »Finding Opportunities Amid an Improving MSR Market
If difficulty breeds opportunity, there may be untold treasures awaiting mortgage servicers, who are facing challenges unlike any seen since the 2008 housing market collapse. Of course, today’s challenges were caused by a global health crisis, not by any underlying systemic issues. But regardless of the cause, today’s crisis has created ...
Read More »In Populous Metros, Homeownership Lags for Black Americans
For what economists call “one of the most economically disadvantaged groups,” achieving the American Dream is disproportionately difficult, according to this study.
Read More »Mortgage Rates ‘Start Slow Climb’
Freddie Mac has released the results of its latest Primary Mortgage Market Survey (PMMS), showing 30-year fixed-rate mortgages (FRM) averaging 2.81%, with an average 0.7 point, up from ...
Read More »Searches for $1M Homes Soar
Economists say this reflects the k-shaped economic recovery they have been talking about.
Read More »January 2021: Highest Reverse Mortgage Volume Since May
January's numbers built on an uptick that started in December; prior to that, HECM activity had declined during the last few months of 2020.
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