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Sales of newly built, single-family homes inched up 0.2 percent in September to a seasonally adjusted annual rate of 467,000 units, the highest level in six years, according to newly released data by the U.S. Department of Housing & Urban Development (HUD) and the U.S. Census Bureau. Sales...Read More
Five federal regulatory agencies have announced the approval of a joint notice of proposed rule-making to amend regulations pertaining to loans secured by property located in special flood hazard areas.Read More
The National Association of Home Builders' (NAHB) Remodeling Market Index (RMI) reclaimed the high-water mark of 57 in the third quarter of 2014. This is the sixth consecutive quarter for an RMI reading above 50. An RMI above 50 indicates that more remodelers report market activity is higher (...Read More
The Mortgage Bankers Political Action Committee (MORPAC) has awarded David Motley, CMB, president of Colonial National Mortgage, with the 2014 Schumacher-Bolduc Award. The Award was given to Motley in recognition of his outstanding work on behalf of the committee and the mortgage lending...Read More
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Question: The company that generates my loan documents includes a form which requires the closing agent to obtain two forms of ID from the borrower. Does the Patriot Act require us to obtain and verify a borrower’s identity at closing with at least two forms of identification?Read More
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Question: We continually hear about the importance of the “Settlement Service Provider” in originating residential mortgage loans. But it seems sometimes that almost everybody involved in a loan transaction is such a company. Is there a list that we can go by to determine who is and who is not...Read More
In this third and final installment of our look into the industry’s near future, we consider the product trends and operational concerns that will dominate the mortgage profession. What will next year’s potential borrowers pursue? If this year’s trend is any indication, jumbo mortgages will...Read More
In this second of our three-part series on the industry’s future, we look at underlying concerns related to two hot-button issues that continue to bedevil the mortgage world: servicing and technology.Read More
In this three-part series, National Mortgage Professional Magazine considers the issues and trends that will shape the industry in the next 12 months. Today, we look at the current state of uncertainty that impacts much of the industry and the primary federal housing finance issues that remain...Read More
TrakLogix has announced the appointment of Gary Bryan as its new national director of sales. As part of the TrakLogix team, Bryan joins with more than 20 years of experience in the mortgage industry.Read More
HomeBridge Financial Services Inc. has announced the addition of Steve Stapleton in the role of senior vice president to oRead More
GSF Mortgage Corporation has announced the addition of Bruce Olster, to its corporate team as director of capital market and corporate development. Olster has held various leadership positions throughout his extensive career in the financial services and mortgage industries,...Read More
The Mortgage Bankers Association (MBA) has announced that they have sworn in a slate of newly elected Board of Directors.Read More
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Allstate Appraisal and Bradford Technologies have launched Valuation Express, a new desktop appraisal product incorporating a third party inspection of the property. Valuation Express reports are prepared by licensed and certified appraisers with local market knowledge and expertise,...Read More
Black Knight Financial Services (BKFS) has announced that its RealEC Technologies Division is deploying a new technology suite that will help the mortgage industry meet new loan disclosure requirements under TILA and RESPA SRead More
LendingQB, a provider of loan origination software (LOS) has incorporated Compliance EAGLE, QuestSoft’s automated compliance solution, into its LOS platform to further enhance compliance automation and provide end-to-end regulatory and investor assessments throughout all stages of the loan...Read More
Velocify, a provider of cloud-based intelligent sales automation software, has announced it is now offering to mortgage lenders Velocify for Salesforce, a unique application that integrates high-velocity sales tools into the market-leading CRM technology.Read More

According to the Mortgage Bankers Association (MBA), the level of commercial/multifamily...Read More

Jeffrey M. Lacker, president of the Federal...Read More

RealtyTrac, an online marketplace for foreclosure properties, today released its U.S....Read More

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