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The U.S. Senate voted 50-49 along party lines to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB)
Senate Confirms Kraninger to Run CFPB
The U.S. Senate voted 50-49 along party lines to confirm Kathy Kraninger as the next Director of the Consumer Financial Protection Bureau (CFPB).   Kraninger, who is Associate Director of the Office of Management and Budget (OMB) was... Read more
The average amount on all closed loan mortgages acquired by Millennial borrowers in October was $189,686 in October, according to new data from Ellie Mae
Average Mortgage Amount for Millennials Higher From Last Year
The average amount on all closed loan mortgages acquired by Millennial borrowers in October was $189,686 in October, according to new data from Ellie Mae. The loan average is down from the $192,005 level set in September, but it is higher... Read more
A global network of digital miscreants has reportedly created a list of 50,000 executives at banks and mortgage companies to target for online scams
New Phishing Scam Targets Banks and Mortgage Lenders
A global network of digital miscreants has reportedly created a list of 50,000 executives at banks and mortgage companies to target for online scams.   According to a report in ZDNet, the list was discovered by the cybersecurity company... Read more
Mortgage Network Inc. has named Beth Vega Wittman Branch Manager of the company’s Mansfield, Mass. office
Mortgage Network Inc. Adds Branch Manager Beth Vega Wittman in Mass. Office
Mortgage Network Inc. has named Beth Vega Wittman Branch Manager of the company’s Mansfield, Mass. office.   Wittman has more than 25 years of mortgage banking experience. Prior to joining Mortgage Network, she served as Branch Manager at... Read more
Owners.com, an Atlanta-headquartered fintech real estate brokerage, has introduced a bundle offering designed to provide borrowers with savings in the closing process if they use Owners.com’s preferred providers for financing and closing services
Owners.com Offers New Bundle Program
Owners.com, an Atlanta-headquartered fintech real estate brokerage, has introduced a bundle offering designed to provide borrowers with savings in the closing process if they use Owners.com’s preferred providers for financing and closing... Read more
NewDay USA has introduced Operation Home
NewDay USA Debuts Operation Home Program
NewDay USA has introduced Operation Home, a program designed to help active-duty military personnel and veterans buy a home without having to put forth a downpayment and out-of-pocket funds for closing costs.   Operation Home will be... Read more
Fannie Mae and Freddie Mac sold 7,140 Non-Performing Loans (NPLs) during the first half of this year
GSE NPL Sales Plummet
Fannie Mae and Freddie Mac sold 7,140 Non-Performing Loans (NPLs) during the first half of this year, according to new data from the Federal Housing Finance Agency (FHFA). This down from a total of 18,419 NPLs sold in the first half of... Read more
The California Department of Insurance announced that it has seized the assets and legal control of Merced Property & Casualty Company
California Takes Over Failed Insurer
The California Department of Insurance announced that it has seized the assets and legal control of Merced Property & Casualty Company, an insurance that company that shut down after being overwhelmed with claims stemming from... Read more
There was more interest in obtaining home loans, according to new data from the Mortgage Bankers Association (MBA) for the week ending Nov. 30
Mortgage Applications Up Two Percent
There was more interest in obtaining home loans, according to new data from the Mortgage Bankers Association (MBA) for the week ending Nov. 30.   The Market Composite Index was up by two percent on a seasonally adjusted basis from one week... Read more
When it comes to moving out of state, most people are heading to the Sunshine State and are eager to move away from the Last Frontier
The State Attracting the Most Inbound Migration Is …
When it comes to moving out of state, most people are heading to the Sunshine State and are eager to move away from the Last Frontier.   According to a new survey by LendingTree, Florida led the country with 12.4 percent of purchase... Read more