Press Releases

SAN DIEGO (February 9, 2020) — The Mortgage Bankers Association (MBA) released its year-end ranking of commercial and multifamily mortgage servicers’ volumes (as of December 31, 2019) here today at the 2020 Commercial Real Estate Finance/Multifamily Housing Convention & Expo. At the top of th...
SAN DIEGO (February 9, 2020) — $163.2 billion of the $2.2 trillion (7 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2020, a 48 percent increase from the $110.5 billion that matured in 2019. That is according to the Mortgage Bank...
SAN DIEGO (February 9, 2020) — A 7 percent increase in commercial and multifamily mortgage originations in the fourth quarter of 2019 capped off what was a strong 2019 for the market, according to preliminary estimates from the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/M...
Technology Allows Non-QM Lender to Provide Broker Partners with an AUS & Pricing Tool for Innovative Non-QM Products   IRVINE, Calif., February 5, 2020 – LoanScorecard®, the leading provider of non-agency automated underwriting systems (AUS) announced today that A&D Mortgage has im...
Irvine, Calif & Charlotte, N.C., January 29, 2020 –  LoanScorecard and Deephaven Mortgage announced today that they have added the Smart Conditions feature to Deephaven’s popular IDENTI-FI Scenario Calculator. The enhancement will deliver customized, loan-specific conditions instantly, ...
—New DataTree solution delivers highly targeted marketing lists for the modern marketing professional powered by First American’s industry-leading property and ownership data, with coverage of over 150 million U.S. residential and commercial properties— SANTA ANA, Calif., Jan. 29, 2020 – First Am...
WASHINGTON, D.C. (January 29, 2020) — Mortgage applications increased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 24, 2020. This week’s results include an adjustment for the Mart...
OptifiNow’s innovative technology platform to provide rapidly growing wholesale mortgage lender with a single solution for sales, marketing and business intelligence. SEAL BEACH, Calif. – Newfi Lending has named OptifiNow as its integrated cloud-based sales and marketing platform to help manage t...
From the Desk of E. Robert Levy, Esq. Tom Hunt will be retiring as Assistant Director, Banking Division, at the Department of Banking and Insurance after almost 30 years of government service in New Jersey. Tom has been a key player in the Department’s supervision and regulation of mortgage bank...
SAN DIEGO, Calif., Jan. 21, 2020 – Mortgage Capital Trading, Inc. (MCT), a leading mortgage hedge advisory and secondary marketing software firm, announced that Bill Shirreffs has joined the company in the newly created position of Senior Director of Sales Operations. In this role, he has been ch...
MBA Washington: On Friday, Consumer Financial Protection Bureau Director Kathy Kraninger sent a letter to Congress outlining the Bureau’s plan for a revised Qualified Mortgage Standard. The Bureau is currently in the middle of a rulemaking process to address the QM standard, as the “GSE Patch”...
WASHINGTON, D.C. (January 9, 2020) — Following what is expected to be a record year of lending in 2019, commercial and multifamily mortgage originators anticipate 2020 to be another strong year. That is according to the Mortgage Bankers Association’s (MBA) 2020 Commercial Real Estate...
Powerful business intelligence and analytics tools combines sales and marketing data with LOS and other data sources to provide ROI insight on the entire mortgage loan lifecycle from lead to post-closing. SEAL BEACH, Calif. – OptifiNow announced today the unveiling of their Insights onDemand busi...
SAN DIEGO, Calif., – January 7, 2020 – Plaza Home Mortgage, Inc®., one of the nation’s leading wholesale and correspondent mortgage lenders, today announced that Michelle Richardson has joined the company as Senior Vice President of Treasury and Finance. In this role, Richardson will be responsib...
WASHINGTON, D.C. (January 7, 2020) — Commercial and multifamily mortgage bankers are expected to close a record $683 billion of loans backed by income-producing properties in 2020, a 9 percent increase from 2019’s anticipated record volume of $628 billion, according to a new forecast released tod...
Acquisition Expands Quote to Order Capabilities and Enables Digital Mortgage SAN DIEGO, Calif. January 7, 2020 – ClosingCorp®, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, and WEST, a Williston Financial Group...
  IRVINE, Calif., December 19, 2019— CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today announced that it has fully integrated its leading Verification of Employment and Income solutions with Fannie Mae’s Desktop Underwriter® (...
WASHINGTON D.C. (December 18, 2019) – The MBA Opens Doors Foundation (Opens Doors) today announced a new alliance with Children’s Hospital of Philadelphia (CHOP), establishing Opens Doors’ first collaboration with a Pennsylvania-based hospital. As part of the alliance, Open Doors will work with C...
WASHINGTON, D.C. (December 18, 2019) — Mortgage applications decreased 5.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 13, 2019. The Market Composite Index, a measure of mortgage lo...
WASHINGTON, D.C. (December 5, 2019) – Statement from Robert D. Broeksmit, CMB, President and CEO of the Mortgage Bankers Association (MBA), on the Financial Stability Oversight Council’s (FSOC)2019 Annual Report: “Independent mortgage banks (IMBs) play a crucial role in the eco...
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