MBA establishes new residential technology forum

Oct 09, 2007

Lender Lead Solutions launches reverse advertising campaignMortgagePress.comReverse mortgages Lender Lead Solutions has begun its new advertising campaign for its Senior Lending Network, to further educate senior citizens on the features and advantages of reverse mortgages. The new campaign consists of a series of advertisements featuring noted actor Robert Wagner, which focuses on specific issues regarding reverse mortgages. The campaign includes a significant increase in media placements during the final quarter of 2007 and follows several months of extensive market testing. Melville, N.Y.-based Lender Lead Solutions, a division of Vertical Lend, is a reverse mortgage services company. For more information, call (888) 775-3631 or visit www.lenderleadsolutions.com.

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Oct 09, 2007

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...