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BB&T-SunTrust Merger Wins U.S. Antitrust Approval

BB&T-SunTrust Merger Wins U.S. Antitrust Approval

Sunday, 03 November 2019
Lending
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U.S. antitrust authorities gave their blessing to a merger between BB&T and SunTrust Banks, the Justice Department has announced. So reports CNBC. Read more...
Black Knight, PennyMac Sue Each Other Over Business Tactics

Black Knight, PennyMac Sue Each Other Over Business Tactics

Monday, 11 November 2019
Lending
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Two giants of the U.S. mortgage industry, Black Knight and PennyMac, have opened up a legal battle with each other over what each side views as unfair business practices. So reports Newsweek. Read more...
Bill Bodnar of MMG: What Week for the Mortgage Business!

Bill Bodnar of MMG: What Week for the Mortgage Business!

Monday, 04 November 2019
Lending
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Bill Bodnar of the Mortgage Market Guide discusses last week's Fed rate cut, the jobs report that easily beat expectations, revisions to previous jobs numbers, hourly earnings data and how a lot of recent data has poured cold water on a recession talk. Read more...
Mortgage Fraud Risk Reaches Multi-Year Low: First American

Mortgage Fraud Risk Reaches Multi-Year Low: First American

Tuesday, 05 November 2019
Lending
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The First American Loan Application Defect Index for September 2019 finds that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 5.5% compared with the previous month. Read more...
Guaranteed Rate, @properties Join Forces for New Mortgage Lender

Guaranteed Rate, @properties Join Forces for New Mortgage Lender

Friday, 08 November 2019
Lending
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Independent mortgage retail company Guaranteed Rate and residential brokerage firm @properties have announced a new joint venture, Proper Rate. So reports Crain’s Chicago Business. Read more...
Docutech Hires Ex-NewRez Exec as Chief Product Officer

Docutech Hires Ex-NewRez Exec as Chief Product Officer

Thursday, 07 November 2019
Lending
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Docutech, a provider of document, eSign, eClose, and print fulfillment technology in the mortgage industry, has named Adam Stern as its chief product officer. Read more...
Mr. Cooper Reports $83M Profit in Q3

Mr. Cooper Reports $83M Profit in Q3

Wednesday, 06 November 2019
Lending
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Mr. Cooper Group has announced that it recorded a net income of $83 million in the third quarter, its first quarterly profit. Read more...
HUD, DOJ Move to Clarify False Claims Act for Lenders

HUD, DOJ Move to Clarify False Claims Act for Lenders

Tuesday, 05 November 2019
Lending
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The Department of Housing and Urban Development and the Department of Justice have unveiled a joint memorandum of understanding outlining how the agencies plan to enforce alleged violations of the False Claims Act. Read more...
First American Mortgage Solutions Launches Xtent

First American Mortgage Solutions Launches Xtent

Sunday, 27 October 2019
Lending
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First American Mortgage Solutions launched Xtent™, a configurable, data solution with instant property and borrower analytics, powered by First American’s title data. Read more...
Bill Bodnar of MMG: The Week to Be Dialed In

Bill Bodnar of MMG: The Week to Be Dialed In

Monday, 28 October 2019
Lending
Written by
Bill Bodnar of the Mortgage Market Guide discusses why the week ahead will have a number of factors to watch, including the jobs report, the fed’s favorite gauge of inflation and a probable rate cut. Read more...

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