Mortgage Industry Adapts to Rising Interest Rates The U.S. mortgage industry is adapting to rising interest rates, transforming lending strategies, and borrower behaviors. This article explores the implications for lenders and borrowers, offering insights into new trends and strategies.
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Refinance Boom Decreasing Fraud Risk: First American

Refinance Boom Decreasing Fraud Risk: First American

Tuesday, 03 September 2019
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First American Financial Corporation released the First American Loan Application Defect Index for July 2019, which estimates the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications. Read more...
Waterstone Mortgage Names Andy Peach As CEO

Waterstone Mortgage Names Andy Peach As CEO

Thursday, 05 September 2019
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Wisconsin-based Waterstone Mortgage has named industry veteran Andy Peach as president and CEO. So reports the Milwaukee BizTimes. Read more...
Opendoor Launches Mortgage Lending Arm

Opendoor Launches Mortgage Lending Arm

Wednesday, 04 September 2019
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Homebuying startup Opendoor has introduced a new mortgage lending division, called Opendoor Home Loans. So reports The Real Deal. Read more...
GSE Offers Mortgage Relief for Hurricane Dorian Victims

GSE Offers Mortgage Relief for Hurricane Dorian Victims

Monday, 02 September 2019
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As Hurricane Dorian headed for the Florida coast last week, Freddie Mac and Fannie Mae gave mortgage holders some shelter. So reports MarketWatch. Read more...
Tappable Equity Hits All-Time High: Black Knight

Tappable Equity Hits All-Time High: Black Knight

Thursday, 29 August 2019
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After falling through the second half of last year, tappable equity saw its second consecutive quarterly increase, hitting an all-time high of $6.3 trillion, according to a sneak peek of Black Knight's second quarter data. Read more...
Fed Minutes Show Split Over Rate Cuts

Fed Minutes Show Split Over Rate Cuts

Monday, 26 August 2019
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Federal Reserve policymakers disagreed more about the direction of interest rates than their 8-2 vote in favor of a 0.25% cut previously revealed, newly released minutes from their meeting last month show. So reports Reuters. Read more...
Fannie Adds Ex-FDIC Chair Sheila Bair to Board

Fannie Adds Ex-FDIC Chair Sheila Bair to Board

Tuesday, 27 August 2019
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Sheila Bair, who chaired the Federal Deposit Insurance Corp. during the financial crisis, has joined Fannie Mae’s board of directors, the U.S. mortgage financing agency announced. So reports Reuters. Read more...
Santander Banks Trims Mortgage Workforce

Santander Banks Trims Mortgage Workforce

Wednesday, 28 August 2019
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Santander Bank plans to cut 66 jobs this fall at its Villanova, Penn., mortgage offices, the bank revealed in a regulatory disclosure. So reports the Philadelphia Inquirer. Read more...
Sequoia Mortgage Capital CEO Arrested on Sexual Assault Charge

Sequoia Mortgage Capital CEO Arrested on Sexual Assault Charge

Thursday, 29 August 2019
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Jason Freskos, the president and CEO of Sequoia Mortgage Capital, has been arrested over an allegation that he sexually assaulted a woman during a recent trip to Hawaii. So reports Hawaii News Now. Read more...
Black Knight: July Prepayment Activity Hits Highest Level Since 2016

Black Knight: July Prepayment Activity Hits Highest Level Since 2016

Thursday, 22 August 2019
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Prepayment activity jumped 26% from June to its highest level in nearly three years and 58% above this time last year as falling interest rates continue to fuel refinance incentive. That's according to Black Knight's “first look,” which is based on its July 2019 month-end mortgage performance statistics derived from its loan-level database representing the… Read more...

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