Mortage News

Mortgage applications are up slightly, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 11
Mortgage Applications Up Three Percent
The mortgage market in August got off to a promising start, according to new data from the Mortgage Bankers Association (MBA).   The Market Composite Index increased three percent on both a seasonally adjusted and unadjusted basis in the... Read more
Homeowners and appraisers continue to agree to disagree over property valuations, according to new data from Quicken Loans
Homeowners and Appraisers Still Lack Consensus on Valuations
Homeowners and appraisers continue to agree to disagree over property valuations, according to new data from Quicken Loans.   In July, the average spread between a homeowner’s estimate and the appraised value of the property was 1.55... Read more
When it comes to homebuying, Millennials favor downpayments of three percent or less, according to a new survey released by NAMB—The Association of Mortgage Professionals
NAMB Survey Details Millennials in the Homebuying Market
When it comes to homebuying, Millennials favor downpayments of three percent or less, according to a new survey released by NAMB—The Association of Mortgage Professionals.   However, NAMB’s survey of its membership determined that... Read more
Inlanta Mortgage has announced its expansion on the branch level in Indiana, Florida, Texas, Colorado, Illinois and Wisconsin
Inlanta Mortgage Adds Seven New Branches
Inlanta Mortgage has announced its expansion on the branch level in Indiana, Florida, Texas, Colorado, Illinois and Wisconsin.   “We are excited to have the level of talented people that have joined us this year,” said Inlanta Mortgage... Read more
Visionet Systems has announced the launch of its VisiLoanReview (VLR) solution at Ally Bank
Ally Bank Chooses Visionet’s VisiLoanReview
Visionet Systems has announced the launch of its VisiLoanReview (VLR) solution at Ally Bank. This platform will help Ally Bank drive efficiency and accuracy, shorten review time, and control operating costs, resulting in lower loan... Read more
LoanLogics Launches HMDA Audit Tool for the LoanHD Platform
LoanLogics has introduced HMDA Audit, a new module for the company's LoanHD Loan Quality Management platform that helps lenders comply with current and new reporting requirements under the Home Mortgage Disclosure Act (HMDA) taking effect... Read more
Churchill Mortgage has announced the addition of 16 new employees to its branches in Arizona, Colorado, Michigan, Tennessee, Texas and Virginia
Churchill Mortgage Adds 16 Mortgage Professionals
Churchill Mortgage has announced the addition of 16 new employees to its branches in Arizona, Colorado, Michigan, Tennessee, Texas and Virginia.   In Brentwood, Tenn., Churchill has added eight employees, including Bethany Collins, who... Read more
Guild Mortgage has been named as one of the San Diego Business Journal’s Fastest Growing Private Companies for 2017
Guild Mortgage Names Gabe Minton EVP of Information Technology
Guild Mortgage has selected Gabe Minton as its first Executive Vice President of Information Technology. Minton, who has more than 25 years’ experience in leadership roles with mortgage and technology companies, will report directly to... Read more
For the fifth time, Inc. 5000 has named New American Funding to its list of Fastest-Growing Private Companies in America,
New American Funding Expands in the Midwest
New American Funding has expanded its Midwest territory to include a new location in St. Louis, Mo., that will function as a retail branch and regional operations center. Since 2014, the region has grown from generating $42 million dollars... Read more
Mortgage services employed by banks are in greater risk of losing their jobs than their non-bank counterparts, according to the latest quarterly U.S. RMBS Servicer Handbook issued by Fitch Ratings
Acting OCC Chief Criticizes FDIC on De Novo Applications
Acting Comptroller of the Currency Keith A. Noreika has called the Federal Deposit Insurance Corp. (FDIC) to task for failing to provide deposit insurance to 14 de novo banks.   According to a Bloomberg report, the Office of the... Read more