The eMortgage Alliance, a consortium of companies collaborating on the development of an end-to-end electronic mortgage system, has elected a new governance board.Dave Williamson, senior vice president of technology and strategic initiatives for The Performance Group, Concord, N.H., was elected chairman. Tom Litke, executive vice president of sales and marketing at Wellfound Technology, Atlanta, was elected vice-chairman; and Sue Cordova, senior business analyst at Framework Inc., Tarrytown, N.Y., was elected secretary and treasurer. Mr. Williamson said he hopes to increase the strength of the alliance by adding members and creating an industrywide forum to discuss the e-mortgage. Other members of the alliance are DocuTech Corp., Idaho Falls, Idaho, the founding company of the alliance; Wave eSign Systems, Lee, Mass.; SwiftView, Tualatin, Oregon; Rekon Technologies, Pasadena, Calif.; and Encomia, Houston. The alliance can be found online at http://emortgagealliance.us.
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The founder who was recently ousted as CEO said he wants to return the company to its positive trajectory, after last week's shakeup battered its stock price.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
August 13 -
While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
August 13 -
The seller surplus was a result of sluggish demand as opposed to increased supply. The 30-year fixed-rate mortgage rose every week in July to 6.66%.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
August 13 -
For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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