MBA releases fourth quarter data book

May 26, 2008

MGIC promotes Gallas to SVP/claims MortgagePress.comMGIC, Carla Gallas, loss mitigation, claim operations Mortgage Guaranty Insurance Corporation (MGIC), the primary subsidiary of MGIC Investment Corporation, has announced the promotion of Carla Gallas to the position of senior vice president--claims. In her new position, Gallas will be responsible for MGIC's loss mitigation efforts as well as maximizing its efficiency in claim operations. Gallas has been with MGIC for 24 years and has held a variety of positions in sales and underwriting, most recently serving as vice president--field operations. For more information, visit www.mgic.com.

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May 26, 2008

Analysis and Data

Home Sellers' Q1 Profit Margins Declined Quarterly, Annually

ATTOM reported decrease of 55.3% in the first quarter – the smallest level in more than two years.

ATTOM released its Q1 2024 U.S. Home Sales Report, revealing that profit margins for U.S. home sellers on median-priced single-family home and condo sales in the United States decreased to 55.3% in the first quarter – the smallest level in more than two years. The decline...

Regulation and Compliance

Mortgage Servicers Added To Junk-Fee Naughty List

New release from CFPB lays out areas of improvement, and concern, for mortgage servicers.

The Consumer Financial Protection Bureau (CFPB) today published new supervisory highlights describing the regulator's recent actions to combat junk fees charged by mortgage servicers, as well as other illegal practices. The CFPB has also announced that it is working to addre...