BankUnited offers new adjustable-rate mortgage

Jan 07, 2007

Insight offers incentives to PriceMyLoan usersMortgagePress.comautomated mortgage underwriting Insight Lending Solutions (ILS) has announced it will allow correspondent lenders using its PriceMyLoan private-label automated underwriting system and loan pricing engine to add loan products from PriceMyLoan Platinum Investor Program participants to their systems at a reduced price. The PriceMyLoan Platinum Investor Program provides investors with access to the PriceMyLoan system, in order to perform independent testing and verify the accuracy of their loan products. Costa Mesa, Calif.-based ILS is a Web-based application services provider for the mortgage-lending industry. For more information, call (888) 285-3912 or visit www.pricemyloan.com.

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Jan 07, 2007

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...