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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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 -
Consumer attitudes toward the housing market turned decidedly rosier in February, according to Fannie Mae.
By Jacob PassyMarch 7 -
The steady pace of home price growth stretched into January, according to the latest Home Price Index from CoreLogic.
By Jacob PassyMarch 7 -
Altisource Portfolio Solutions has launched a new mortgage trading platform for mortgage bankers and loan investors.
By Jacob PassyMarch 6 -
Fannie Mae has selected electronic document management vendor eOriginal to host the government-sponsored enterprise's new electronic vault.
By Jacob PassyMarch 6 -
The Mortgage Bankers Association has partnered with Altisource subsidiary Lenders One Cooperative, providing the organization's members with expanded benefits.
By Jacob PassyMarch 6 -
CoreLogic has named Frank Martell as president and chief executive officer in the wake of Anand Nallathambi's death.
By Jacob PassyMarch 6 -
Nonbanks are gaining on their bank competitors when it comes to the market share of purchase loan originations.
By Jacob PassyMarch 2 -
Mortgage interest rates fell after four consecutive weeks of holding steady, according to Freddie Mac.
By Jacob PassyMarch 2 -
Guaranteed Rate is planning to hire 280 new employees through its revamped Liftoff training program.
By Jacob PassyMarch 1 -
Ocwen has reserved $12.5 million to put toward a potential settlement with the Consumer Financial Protection Bureau.
By Jacob PassyMarch 1 -
The number of consumers looking to buy a home reached an all-time high in January.
By Jacob PassyFebruary 28 -
Home prices rose by more on a monthly basis in New York than in any other state in the country
By Jacob PassyFebruary 28 -
Small investors, not first-time homebuyers, are driving home prices to unaffordable highs, according to a new report from Attom Data Solutions and Clear Capital.
By Jacob PassyFebruary 24 -
The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.
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