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