MortgageHub and USFN partner

National Mortgage Professional

Oct 09, 2007

SearchMyLoan.com teams with credit-reporting agenciesMortgagePress.comCredit-reporting firms SearchMyLoan.com (SML) has formed alliances with several credit-reporting agencies, including ACRAnet, Credit Service Company, Prestige Credit Services, Royal Mortgage Credit Reporting, Statewide Credit Services, Sterling Credit Screening and Strategic Information Resources Inc. Each credit-reporting agency's database of credit reports will be integrated into SML's loan search and pricing engine. By utilizing the search engine, loan originators can match loan products to the guidelines of multiple lenders. Port Washington, N.Y.-based SML is a provider of loan search and pricing services for the mortgage industry. For more information, call (516) 767-9292 or visit www.searchmyloan.com.

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Oct 09, 2007

Industry News

PennyMac Cutting 207 Jobs

A wide variety of positions are affected.

California-based PennyMac Financial Services Inc., a mortgage originator and servicer, will cut 207 jobs in the Golden State. According to Worker Adjustment and Retraining Notification (WARN) notices submitted to California’s Employment Development Department, 59 loan offic...

Analysis and Data

New-Home Sales Continue To Slide In April

Rising mortgage rates & home prices reducing affordability, even as supply grows.

As rising rates and prices curb the affordability of housing, new-home sales continued to decline in April, falling nearly 17% from a month earlier. According to data released jointly today by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, ...