Mortage News

A new study is challenging the long-held notion that renting is less financially viable than homeownership
Can Renting Build More Wealth Than Homeownership?
A new study is challenging the long-held notion that renting is less financially viable than homeownership.   According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index report produced by Florida Atlantic... Read more
CIT Group Inc. has completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an undisclosed buyer
CIT Group Exits Reverse Mortgage Space
CIT Group Inc. has completed the sale of its Financial Freedom reverse mortgage servicing business and the related reverse mortgage portfolio to an undisclosed buyer.   According to the New York-based company, the transaction covered... Read more
Now here is one previously unconsidered drawback to increasing home values: The rate of babies being born is dropping the most in counties where home values have appreciated the fastest
Fewer Babies Born in Counties with Soaring Home Values
Now here is one previously unconsidered drawback to increasing home values: The rate of babies being born is dropping the most in counties where home values have appreciated the fastest.   According to new research from Zillow, an extra 10... Read more
Mortgage Network Inc. sponsored a recent fundraising event that featured two American soldiers who participated in the battle that inspired the 2001 war film "Black Hawk Down
Mortgage Network Sponsors Fundraiser for “Black Hawk Down” Soldiers
Mortgage Network Inc. sponsored a recent fundraising event that featured two American soldiers who participated in the battle that inspired the 2001 war film "Black Hawk Down."   Retired Army Chief Warrant Officer Gerry Izzo spoke about... Read more
Atlanta-based Angel Oak Commercial Lending LLC has acquired a controlling interest in Cherrywood Mortgage LLC
Angel Oak Commercial Lending Acquires Cherrywood Mortgage
Atlanta-based Angel Oak Commercial Lending LLC has acquired a controlling interest in Cherrywood Mortgage LLC, a national small-balance commercial mortgage lender based in Los Diamond Bar, Calif.   Cherrywood specializes in loan... Read more
Ginnie Mae has announced that it will be enhancing its Issuer Operational Performance Profile (IOPP) tool with the addition of a single-family prepayment rate metric
Ginnie Mae Restricts Three Issuers in VA Loan Program
Ginnie Mae has announced that it has restricted VA single-family guaranteed loans pooled by Freedom Mortgage Corporation, SunWest Mortgage and NewDay USA in Ginnie Mae pools to Ginnie Mae II custom pools only.   According to the agency,... Read more
DocMagic and MortgageHippo have announced a seamless eSign integration between their two platform
DocMagic Partners With MortgageHippo
DocMagic and MortgageHippo have announced a seamless eSign integration between their two platforms, enabling MortgageHippo’s lender customers to provide borrowers with the ability to electronically sign documents at any stage of the... Read more
Pavaso has appointed Cheryl Baillis as Executive Vice President of Operations
Cheryl Baillis Named Pavaso EVP of Operations
Pavaso has appointed Cheryl Baillis as Executive Vice President of Operations.   “I am looking forward to sharing my years of experience in the real estate and title industry to assist with strengthening the foundation of the operations... Read more
Troy, Mich.-based Flagstar Bancorp Inc. has announced that its Flagstar Bank FSB has signed a definitive agreement to acquire 52 Wells Fargo Bank branches in Indiana, Michigan, Wisconsin and Ohio
Flagstar Acquires 52 Midwest Wells Fargo Branches
Troy, Mich.-based Flagstar Bancorp Inc. has announced that its Flagstar Bank FSB has signed a definitive agreement to acquire 52 Wells Fargo Bank branches in Indiana, Michigan, Wisconsin and Ohio, with approximately $2.3 billion in... Read more
U.S. Department of Housing & Urban Development (HUD) Secretary Ben Carson toured Connecticut to examine the problems impacting homeowners with property foundations that are falling apart
Carson “Committed” to Aid Connecticut Homeowners With Crumbling Foundations
U.S. Department of Housing & Urban Development (HUD) Secretary Ben Carson toured Connecticut to examine the problems impacting homeowners with property foundations that are falling apart.   According to a Hartford Courant report,... Read more