Mortage News

MISMO, the Mortgage Industry Standards Maintenance Organization, has announced its 2017 Contributor Award Winners
MBA Honors Tom Dennard With CREF Distinguished Service Award
The Mortgage Bankers Association (MBA) has awarded Thomas S. Dennard, Chairman and Chief Executive Officer of Grandbridge Real Estate Capital, with the 2018 Commercial Real Estate Finance (CREF) Distinguished Service Award.   "Tom has... Read more
The median downpayment for single-family homes and condos purchased with financing in the third quarter was $20,000
Applications for New Home Purchases Up in January
Mortgage applications for new home purchases in January increased 18.4 percent from one year earlier, according to the latest the Mortgage Bankers Association (MBA) Builder Application Survey. Compared to December 2017, applications... Read more
Massachusetts Attorney General Maura Healey has announced a settlement with Nationstar Mortgage LLC over charges that the company violated the Massachusetts Act to Prevent Unnecessary Foreclosure by failing to help homeowners in the state avoid foreclosur
WMIH Merges with Nationstar
Seattle-based WMIH Corp. has announced a merger with Dallas-based Nationstar Mortgage Holdings Inc.   According to the companies, the operating business will retain the Nationstar Mortgage name and Dallas Headquarters and will be... Read more
The Consumer Financial Protection Bureau (CFPB) has issued a Request for Information (RFI) to encourage comment and insight on the agency’s enforcement processes
Trump Budget Seeks Congressional Oversight of CFPB Spending
President Trump’s fiscal 2019 budget would realign the Consumer Financial Protection Bureau (CFPB) away from its current independent status and make it accountable to Congress.   According to a budget analysis published by The Hill, the... Read more
NEXT Mortgage Events LLC has announced that Pavaso led a charity effort that raised more than $2,200 for Girls Inc. of Metropolitan Dallas
Pavaso Leads Charity Effort Benefitting Girls Inc. of Metropolitan Dallas at NEXT Conference
NEXT Mortgage Events LLC has announced that Pavaso led a charity effort that raised more than $2,200 for Girls Inc. of Metropolitan Dallas, at NEXT, the mortgage industry’s only technology-centric conference for women executives. This... Read more
Harry Gardner, Executive Vice President of eStrategies for Docutech, has been named Chair of the Board of Directors for the Electronic Signatures and Records Association (ESRA)
Docutech’s Harry Gardner Elected Chair of ESRA’s Board
Harry Gardner, Executive Vice President of eStrategies for Docutech, has been named Chair of the Board of Directors for the Electronic Signatures and Records Association (ESRA) for 2018. Gardner has participated in ESRA’s activities since... Read more
CertifID has announced that it has closed on its first round of financing in the amount of $1.7 million
CertifID Completes $1.7M Seed-Stage Financing
CertifID has announced that it has closed on its first round of financing in the amount of $1.7 million. The round was led by Grand Rapid, Mich.-based Wakestream Ventures and included several prominent investors.   “During our diligence... Read more
Primary Residential Mortgage Inc. (PRMI) has expanded its footprint in Florida by announcing the opening of a new branch located near the Miami International Airport under the management of long-time resident and mortgage professional, Jorge Tabares
PRMI Opens New Miami Branch
Primary Residential Mortgage Inc. (PRMI) has expanded its footprint in Florida by announcing the opening of a new branch located near the Miami International Airport under the management of long-time resident and mortgage professional,... Read more
The Consumer Financial Protection Bureau (CFPB) has released a five-year Strategic Plan that offers a very different approach to regulatory oversight than the draft version initially released in October 2017
Mulvaney Unveils New CFPB Five-Year Strategic Plan
The Consumer Financial Protection Bureau (CFPB) has released a five-year Strategic Plan that offers a very different approach to regulatory oversight than the draft version initially released in October 2017.   In his introduction to the... Read more
Residential property delinquencies showed signs of despite the lingering impact of Hurricanes Harvey and Irma, according to new data from CoreLogic
Early-Stage Mortgage Delinquencies Drop
Residential property delinquencies showed signs of despite the lingering impact of Hurricanes Harvey and Irma, according to new data from CoreLogic.   During November, CoreLogic determined that 5.1 percent of mortgages were in some stage... Read more