HOPE NOW announces new members

Nov 01, 2007

MBS Mortgage expands to Southeast, completes mergerMortgagePress.comNational mortgage banking firms MBS Mortgage Company has announced its expansion into the Southeastern United States. In support of regional operations, it has appointed Mark Tackett to the position of regional manager and Jack Goodman to the position of senior account executive. In addition, MBS Mortgage Company has merged with Washington Financial Group, a Seattle-based mortgage banker, expanding the company's operations into four Western states. MBS Mortgage Company is a mortgage banking firm based in Wixom, Mich. For more information, call (866) 799-3696 or visit www.mbs-mortgage.com.

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Nov 01, 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...