Mortage News

Home Point Financial Corporation has announced that it has added Joe Griffin and Lynn Collins as Correspondent Institutions Managers
Home Point Adds Two New Members to Its Correspondent Lending Group
Home Point Financial Corporation has announced that it has added Joe Griffin and Lynn Collins as Correspondent Institutions Managers.   Griffin has more than 20 years of experience in the mortgage industry, and joins Home Point from First... Read more
ACES Risk Management (ARMCO) has announced that it has hired Nick Volpe as Chief Strategy Officer
ARMCO Upgrades Its ACES Audit Technology
ACES Risk Management (ARMCO) has announced several product enhancements that improve the mortgage quality control (QC) process for lenders and servicers using its auditing platform ACES Audit Technology.   The two principal enhancements of... Read more
FIG Partners, an Atlanta-based investment banking and research firm, has introduced an SBA 504 Loan Purchase Program
FIG Partners Debuts 504 Loan Purchase Program
FIG Partners, an Atlanta-based investment banking and research firm, has introduced an SBA 504 Loan Purchase Program that will enable community banks to sell first lien commercial real estate loans originated through the Small Business... Read more
Millennial homebuyers made their presence felt with gusto in April, according to new data from Ellie Mae
Millennials Exercise Purchase Power in Home Loan Market
Millennial homebuyers made their presence felt with gusto in April, according to new data from Ellie Mae.   Despite a housing market with limited inventory and rising prices, 89 percent of mortgages made to Millennial borrowers during the... Read more
The Mortgage Bankers Association (MBA) has announced that Susan T. Stewart, Chief Executive Officer of SWBC Mortgage, has been nominated to serve as Vice Chairman for the 2019 membership year
MBA Names Robert D. Broeksmit as Stevens’ Successor
The Mortgage Bankers Association (MBA) has named Robert D. Broeksmit as its next President and Chief Executive Officer. He will replace the retiring David H. Stevens on Aug. 20.   "We are thrilled to have Bob Broeksmit as the next leader... Read more
The latest industry data finds a balance of positive and not-positive developments
Home Equity and Flipping Profits Up, Rates and Lender Profits Down
The latest industry data finds a balance of positive and not-positive developments.   First, some good news: homeowners with mortgages saw their equity increase 13.3 percent year-over-year in the first quarter, representing a gain of $1.01... Read more
Abrams Garfinkel Margolis Bergson (AGMB) has announced that Michael G. Barone, the Managing Partner of the firm’s Mortgage Compliance Practice, has been named Counsel to the NYAMB
NYAMB Names Michael G. Barone Counsel
Abrams Garfinkel Margolis Bergson (AGMB) has announced that Michael G. Barone, the Managing Partner of the firm’s Mortgage Compliance Practice, has been named Counsel to the New York Association of Mortgage Brokers (NYAMB). The firm... Read more
The 25 members of the Consumer Financial Protection Bureau (CFPB) Consumer Advisory Board have been fired by the agency’s Acting Director, Mick Mulvaney
Mulvaney Fires Consumer Advisory Board Members
The 25 members of the Consumer Financial Protection Bureau (CFPB) Consumer Advisory Board have been fired by the agency’s Acting Director, Mick Mulvaney.   According to a Washington Post report, the Board’s members received an e-mail... Read more
Zillow is expanding its digital footprint north with a new partnership with Century 21 Canada that will feature Canadian home listings
Zillow in New Partnership with Century 21 Canada
Zillow is expanding its digital footprint north with a new partnership with Century 21 Canada that will feature Canadian home listings. Last November, Zillow announced that it would feature Canadian listings on its site.   “We know that... Read more
After eight consecutive weeks of disappointment, there is good news to report on the mortgage application front
Two Months Later, Mortgage Applications Finally Increase
After eight consecutive weeks of disappointment, there is good news to report on the mortgage application front.   According to data from Mortgage Bankers Association (MBA) for the week ending June 1, the Market Composite Index increased... Read more