Lending

Lending (1514)

MBA Releases Q1 Commercial-Multifamily DataBook

The Mortgage Bankers Association's (MBA) has released its first quarter 2019 Commercial/Multifamily DataBook. Read more...

MBA Statement on Trump Housing Affordability Exec Order

Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), issued a statement regarding President Trump's Executive Order on Housing Affordability. Read more...

Austin Niemiec Named New Executive Vice President of Quicken Loans Mortgage Services

Quicken Loans Mortgage Services (QLMS), the second largest mortgage lender serving the needs of brokers, regional banks and credit unions, today announced that Austin Niemiec has been named Executive Vice President. Niemiec began his career with the company 10 years ago as a mortgage banker and he embodies a “street” focus that came from working… Read more...

More Than 1 Million Ocwen Customer Loans Converted to the Black Knight MSP Loan Servicing System

Black Knight, Inc. (NYSE: BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced today that Ocwen Financial Corporation has converted more than 1 million customer loans to the Black Knight MSP loan servicing system. MSP offers a single, comprehensive system used by financial institutions to service… Read more...

Mortgage Rates Deliver Surprise Boost to Demand and Supply in 2019, According to First American Real Estate Sentiment Index

First American Financial Corporation (NYSE: FAF) today released First American’s proprietary Real Estate Sentiment Index (RESI) for the second quarter of 2019. The RESI is based on a bi-annual survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of… Read more...

Pretium to Acquire Deephaven Mortgage from Värde Partners

Pretium and Värde Partners announced that they have entered into a definitive agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Founded in 2012, Deephaven is a leader in the Non-Qualified Mortgage industry. The company partnered with Värde in 2014 to fund its growth and expansion and, over the past 5 years, has… Read more...

Closing Corp Integrates SmartFees with Wipro Gallagher Solutions

ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today announced that ithas integrated its SmartFees®service with Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a leading provider of loan origination software (LOS) solutions. This integration… Read more...

RE/MAX National Housing Report - Inventory up, Home Sales Slightly Higher

May home sales ticked slightly higher year-over-year, ending a 9-month streak of declines, according to the RE/MAX National Housing Report. At the same time, inventory grew for the eighth consecutive month, representing the most units for sale since August 2016 in the report's 54 metro areas. Homes sold quickly, as evident in the Days on… Read more...

Ditech Holding Corporation Signs Purchase Agreements with New Residential Investment Corp. and Mortgage Assets Management, LLC

Ditech Holding Corporation ("Ditech Holding" or, together with its subsidiaries, the "Company") (OTC Pink: DHCP) today announced that it and certain of its subsidiaries have entered into an asset purchase agreement with New Residential Investment Corp. ("New Residential") and a stock and asset purchase agreement with Mortgage Assets Management, LLC and its affiliate (collectively, "Mortgage… Read more...

House Financial Services Committee Offers Rulings on FHA, Flood Insurance and DACA Loan Eligibility

It was a busy week for the House Financial Services Committee who, among other things, passed bills that addressed the cost of FHA loans, countered a recent HUD proposal on DACA borrowers and once again renewed The National Flood Insurance Program. Yesterday, the House Committee on Financial Services overwhelmingly passed U.S. Congresswoman Joyce Beatty’s (OH-03)… Read more...

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