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Rise of Green Mortgages: A Sustainable Shift in the Lending Landscape Explore how green mortgages are reshaping the lending landscape with a focus on sustainability. Learn about incentives, government initiatives, and industry adaptations necessary for embracing eco-friendly lending.
Lending (1514)
March Foreclosure Rate at 20 Year Low, Delinquencies at 13 Year Low
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2019, representing a 0.3-percentage-point decline in the overall… Read more...
5 Security Best Practices for Mortgage Lenders
Posted by Chelsea Mize of Maxwell Mention data security to a mortgage executive and it’s enough to make them squirm. You can’t read the news without seeing a piece about a new security breach, even from some of the world’s most cutting-edge technology companies. Data is the heartbeat of the mortgage industry. Protecting it should… Read more...
Homebridge Financial Services, Inc. Acquires HomeStreet Bank’s Home Loan Center-Based Mortgage Origination Business
-Homebridge Financial Services, Inc. (Homebridge), one of the largest independent mortgage lenders in the U.S., has completed phase one in the acquisition of the distributed retail mortgage banking segment of HomeStreet Bank, a wholly owned subsidiary of HomeStreet, Inc. (Nasdaq:HMST) (“HomeStreet”). Phase one of the acquisition includes the mortgage loan production branches and fulfillment functions… Read more...
CoreLogic Reports the Negative Equity Share Fell to 4.1% in the First Quarter of 2019
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the Home Equity Report for the first quarter of 2019. The report shows that U.S. homeowners with mortgages (which account for roughly 63% of all properties) have seen their equity increase by 5.6% year over year, representing a gain of… Read more...
Independent Mortgage Bankers Report Increased Profitability in First Quarter.
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $285 on each loan they originated in the first quarter of 2019, up from a reported loss of $200 per loan in the fourth quarter of 2018, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance… Read more...
Consumer Financial Protection Bureau Settles with Freedom Mortgage Corporation
The Consumer Financial Protection Bureau (Bureau) today announced a settlement with Freedom Mortgage Corporation (Freedom), one of the ten largest Home Mortgage Disclosure Act (HMDA) reporters nationwide. Freedom is a mortgage lender with its principal place of business in Mount Laurel, N.J. For each year from 2013 through 2016, it originated more than 50,000 home-purchase… Read more...
Covius to Acquire Chronos Solutions' Credit, Verification, REO and Auction Businesses
Covius Holdings, a leading provider of technology-enabled solutions to the financial services industry, announced today that it has entered into a definitive asset purchase agreement to acquire certain businesses from Chronos Solutions (Chronos), including its credit, flood, income and tax verification services, government services, REO management and disposition, online foreclosure auction and homeowners association (HOA)… Read more...
Open Mortgage Hires Live Well Financial Executives and Their Core Team
Open Mortgage, a multi-channel mortgage lender dedicated to empowering the dream of home ownership, has hired Live Well Financial's core team of mortgage lending executives: Bruce Barnes, Jim Cory and Joshua Moran, formerly Executive Vice President, Senior Vice President of Operations and Senior Vice President of Wholesale & Correspondent Lending, respectively. Additionally, approximately 50 sales… Read more...
Wells Fargo to Donate $1 Billion to Address Housing Affordability Crisis
Wells Fargo today announced an evolution of its philanthropic strategy to help address three critical issues affecting underserved communities: housing affordability, financial health and small business growth. The Company, through its business and the Wells Fargo Foundation, will use its resources and expertise to develop new ideas and implement solutions in communities of need in… Read more...
Redfin: Millennials Could Buy Homes 3 Years Faster under Sen. Warren's Student Debt Cancellation Plan
A typical aspiring first-time homebuyer could save a down payment three years faster under Senator Elizabeth Warren's plan to cancel up to $50,000 of student loan debt per person, according to a new analysis of student loan and home price data from Redfin (www.redfin.com), the tech-powered real estate brokerage. The Redfin analysis looked at a… Read more...More...
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