Mortage News

The Consumer Financial Protection Bureau (CFPB) came under criticism from another federal entity: The Government Accounting Office (GAO) who issued a report questioning the Bureau’s ability to properly regulate non-bank servicers
Democrats Seek Answers to CFPB's OFLEO Realignment
Fifty-three Democratic members of Congress called on the Consumer Financial Protection Bureau (CFPB) to explain the decision by Acting Director Mick Mulvaney to reorganize the agency’s Office of Fair Lending and Equal Opportunity (OFLEO... Read more
National Association of Mortgage Brokers (NAMB) has announced that it is seeking to ban the sale of trigger leads
NAMB Names Franklin American Mortgage a Double Diamond Industry Partner
Franklin American Mortgage Company (FAMC) has announced that it will be a Double Diamond Industry Partner with NAMB for 2018. This recognition is given annually to NAMB’s top contributing partners.   “It is an honor to be a NAMB Double... Read more
Wipro Gallagher Solutions Upgrades Its NetOxygen LOS
Wipro Gallagher Solutions (WGS) has announced the release of the latest version of its Loan Origination System (LOS), NetOxygen v5.1.   “We are constantly updating our system to keep pace with the evolving industry landscape, while adding... Read more
BSI Financial Services has announced the release of a new mobile app
BSI Financial Launches Mobile App
BSI Financial Services has announced the release of a new mobile app that enables borrowers to manage their mortgage loans using tablet and mobile devices. The technology was designed and built in-house by BSI Financial software engineers... Read more
Construction
Builder Confidence Holds Steady
Builder confidence in the market for newly-built single-family homes remained unchanged at the 72 level in February on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).   The HMI component charting... Read more
For sale
January Home Prices Up 7.8%
Home prices during January recorded a 7.8 percent year-over-year increase, according to new data from Redfin, with the median sales price at $280,500.   However, sales were down 7.9 percent annually due to the continued lack of inventory... Read more
Strange House
Housing Starts Up in January
Single-family housing starts in January were at a rate of 877,000, which is 3.7 percent above the revised December figure of 846,000, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development.... Read more
Recovco Mortgage Management LLC has announced that John Guy has joined the company in the newly created position of Director of Business Development
Recovco Mortgage Names John Guy Director of Business Development
Recovco Mortgage Management LLC has announced that John Guy has joined the company in the newly created position of Director of Business Development. Guy joins the team to assist in serving Recovco’s clients and helping to build a world-... Read more
Pitney Bowes
Self-Service Software and Data Marketplace Introduced by Pitney Bowes
Pitney Bowes Inc. is now offering the Software and Data Marketplace, a self-service platform featuring data sets covering the real estate, retail, financial services and insurance industries.   According to the company, the Software and... Read more
Pitney Bowes
Self-Service Software and Data Marketplace Introduced by Pitney Bowes
Pitney Bowes Inc. is now offering the Software and Data Marketplace, a self-service platform featuring data sets covering the real estate, retail, financial services and insurance industries.   According to the company, the Software and... Read more