Texell Interactive Media, Jim Thorpe, Pa., has announced that it will conduct live podcasts at the Mortgage Bankers Association's 92nd Annual Convention & Expo and at SourceMedia's 2005 Tech Awards Ceremony, both in Orlando, Fla.Rick Grant, Texell's president and chief executive officer (and a former managing editor of Mortgage Technology magazine), will do a limited number of podcast interviews with participants at the convention, slated for Oct. 23-26, at the Texell and Martopia booth. (Martopia, a Texell affiliate, is the official marketer for the 2005 Tech Awards.) Texell will also record podcast interviews Oct. 23 with the winners of the tech awards that will be available the next day at http://www.mortgage-technology.com/awards. Texell can be found online at http://www.texellmedia.com.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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The trade group supports a narrow rewrite of the agency's manufactured home definition but it wants FHA valuation projections before lenders can scale.
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Pending home sales, a real-time indicator of homebuying demand, dropped 2.5% to their lowest level since December, according to Redfin's latest report.
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Mortgage production declined overall in July from activity earlier this summer amid growing rate volatility, according to two new originations reports.
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