New LoanLogics Tech Aims to Streamline Correspondent Investor Tasks
New technology developed by mortgage software vendor LoanLogics aims to automate and streamline closed-loan purchasing and quality control processes for correspondent investors.
BOK Financial Hires New Mortgage Chief
BOK Financial has hired Glenn Brunker to oversee mortgage operations and manage the bank's transition to a new federally required consolidated mortgage disclosure regime.
Nonbank Mortgage Lender Employment Hits 18-Month High
The latest estimates of nonbank mortgage lender employment mark the largest number of workers since November 2013, and the biggest monthly hiring gain in six months.
People Movers of the Week: July 3
Mortgage professional hiring and new job appointments for the week ending July 3.
Conforming Rates Hit 2015 High
Mortgage rates rose, sending the average for 30-year loans to the highest since October.
Seattle to Audit Real Estate Development Incentive Program
Seattle's city auditor will investigate a real-estate-development incentive program at the request of City Councilmember Mike O'Brien, after he learned planners had been ready to let a hotel builder contribute millions of dollars less than required toward the city's low-income housing fund.
Cash Buyers Pull Back as Foreclosures Vanish
The share of U.S. home purchases made with cash has fallen to a five-year low as investors pull back from a property market that's rebounding without them.
FHLB Membership Plan Deals Blow to Delicate Housing Market
The Federal Housing Finance Agency wants to exclude mortgage real estate investment trusts from membership in the Federal Home Loan Banks. That would be a major setback for the entry-level borrowers who depend on mortgage REITs for sustainable home-financing options.
Home Loans Replace Cash as Main Way to Buy a House in Florida
For the first time since Florida's housing crash hit full swing in 2009, cash was no longer king during May, a new report shows.
Fannie, Freddie CEOs Get Pay Raises as White House Objects
The chief executive officers of Fannie Mae and Freddie Mac may see more than a sixfold increase in their compensation to $4 million in spite of objections from President Obama's administration and some lawmakers.
Walker & Dunlop Closes First Rental Assistance Program Loan
Walker & Dunlop, through the Department of Housing and Urban Development's Lean 232 program, closed the first Rental Assistance Demonstration program loan for a health care facility.
Falling Gas Prices Help Homes Sell Faster and at Higher Prices: Study
Lower gas prices can accelerate the home-selling process, and make the deal more lucrative for the seller, according to a new study.
Stonegate Mortgage to Expand Consumer Direct Office in Arizona
Stonegate Mortgage will expand its consumer-direct operations in Scottsdale, Ariz., with plans to add about 50 employees.
G-Fee Parity Helps Small Lenders Gain GSE Market Share
The narrowing gap between what large and small lenders pay in guarantee fees to Fannie Mae and Freddie Mac has helped the industry's smallest originators grow their share of mortgages sold to the government-sponsored enterprises.
Manhattan Apartment Prices Reach Record Amid Bidding Wars
Manhattan apartment prices jumped to a record in the second quarter, pushed up by competition for a limited number of properties and strength in the luxury market.