Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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The number of underwater properties nationwide decreased once again in the fourth quarter, CoreLogic reported.
By Jacob PassyMarch 10 -
Attracting millennials and preparing for the rising rate environment are issues on the minds of mortgage executives where staffing is concerned.
By Jacob PassyMarch 10 -
First Financial Network is marketing $80 million in performing and nonperforming residential mortgage loans on behalf of the National Credit Union Administration.
By Jacob PassyMarch 10 -
Mortgage credit availability went up yet again in February amidst an expansion in access to government loans.
By Jacob PassyMarch 9 -
Most millennials who don't own a home plan to buy one in the next five years, but many of those would-be buyers may not be saving enough for their purchase.
By Jacob PassyMarch 9 -
More consumers are looking to buy a home than ever before. And while new home sales are indeed picking up — data from the U.S. Census Bureau showed January's new home sales rate was 5.6% higher than a year earlier — new home construction still remains well below its pre-recession peak.
By Jacob PassyMarch 9 -
Most lenders' quality control headaches were triggered by the Consumer Financial Protection Bureau's Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosure rule.
By Jacob PassyMarch 8 -
Ellie Mae has introduced a new online retail loan origination platform and a new portal for the tools and documentation supporting its Application Programming Interfaces.
By Jacob PassyMarch 8 -
Stewart Information Services Corp. is broadening its network of independent agencies.
By Jacob PassyMarch 8 -
Michigan Mutual's retail channel MiMutual Mortgage has implemented LendingQB's loan origination system.
By Jacob PassyMarch 7