Mortage News

Quicken Loans has entered into a partnership with Airbnb that will enable the property rental company’s hosts to use their rental income on a primary residence to refinance their mortgages through the Detroit-based lender
Quicken Loans to Enable Airbnb Rental Income for Refinancing
Quicken Loans has entered into a partnership with Airbnb that will enable the property rental company’s hosts to use their rental income on a primary residence to refinance their mortgages through the Detroit-based lender.   According to... Read more
Docutech has named Amy Brandt as its new Chief Executive Officer
Docutech Names Amy Brandt CEO
Docutech has named Amy Brandt as its new Chief Executive Officer. Brandt, formerly President and Chief Operating Officer (COO), will continue to serve as the company’s President and will assume the CEO role from Founder Ty Jenkins, now the... Read more
The first mortgage default rate increased four basis points from December to January
LERETA Launches Total Tax Solutions Platform
LERETA has announced it is providing new automation to the tax industry, with the release of its Total Tax Solutions (TTS), a Web-based platform designed to seamlessly integrate loan servicing and tax service data, for use by standard tax... Read more
Waterstone Mortgage Corporation has announced the promotion of Ericka Smith to the role of Vice President of Marketing at the company's Pewaukee, Wis.-based corporate office
Waterstone Mortgage Promotes Ericka Smith to VP of Marketing
Waterstone Mortgage Corporation has announced the promotion of Ericka Smith to the role of Vice President of Marketing at the company's Pewaukee, Wis.-based corporate office. Smith has been with Waterstone Mortgage for more than two years... Read more
United Wholesale Mortgage (UWM) has announced that it has lowered its minimum FICO requirement from 680 to 640 on FHA and VA Elite loans
UWM Lowers FICO Requirements on Government Loans
United Wholesale Mortgage (UWM) has announced that it has lowered its minimum FICO requirement from 680 to 640 on FHA and VA Elite loans, in addition to lowering the minimum loan amounts for Elite loans from $175,000 to $125,000 with no... Read more
HomeBridge Financial Services has announced the promotion of Jamie Zeitz to the newly created position of Renovation Producing Area Sales Manager for the Southeast Region
Kelley Granger Named Branch Manager of HomeBridge’s Concord Office
HomeBridge Financial Services Inc. has announced that Kelley Granger has joined the company in Northern California as Branch Manager of its Concord office. Granger is a 20-year veteran of the residential lending industry and well-respected... Read more
Fiserv has announced it has entered into a definitive agreement with Warburg Pincus LLC
Fiserv to Sell Majority Interest in Its Lending Solutions Business to Warburg Pincus
Fiserv has announced it has entered into a definitive agreement with Warburg Pincus LLC, where Warburg Pincus will acquire a 55 percent share of the Lending Solutions business of Fiserv. Fiserv will receive approximately $395 million in... Read more
Julián Castro, who served as Secretary of the U.S. Department of Housing & Urban Development (HUD) in President Barack Obama’s second term and was shortlisted for Hillary Clinton's 2016 running mate, is setting his eye on the Democratic Party’s presidenti
Ex-HUD Secretary Castro Eyes 2020 Presidential Run
Julián Castro, who served as Secretary of the U.S. Department of Housing & Urban Development (HUD) in President Barack Obama’s second term and was shortlisted for Hillary Clinton's 2016 running mate, is setting his eye on the... Read more
The delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017
Mortgage Delinquency Rate Up in Q4 2017
The delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 5.17 percent of all loans outstanding at the end of the fourth quarter of 2017, according to new data from the... Read more
Accenture has again been named a leader in business mortgage process outsourcing (BPO) in a recent report from industry analyst firm Everest Group
Accenture Ranked Tops in Mortgage Business Process Outsourcing
Accenture has again been named a leader in business mortgage process outsourcing (BPO) in a recent report from industry analyst firm Everest Group. The report, “Mortgage BPO–Service Provider Landscape with PEAK Matrix Assessment 2017,”... Read more