Category: Top National News

Mortgage Daily, Apr. 19, 2018Thomas Marano replaces interim CEO Jeffrey P. Baker who took on the role in February when Anthony N. Renzi left the post. Baker will continue as president of subsidiary Reverse Mortgage Solutions Inc.

Wall Street Journal, Apr. 19, 2018–Bowdeya Tweh (subscription)The Conference Board Leading Economic Index rose 0.3% to 109, following increases with the index in January and February.

Associated Press, Apr. 18, 2018–Alex ViegaHigher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring.

National Mortgage News, April 18 2018–Bonnie Sinnock (free content)With margins thinning and competition intensifying, lenders attending the 2018 Mortgage Bankers Association Technology Conference in Detroit were most interested in automation that could help them address those issues.

Mortgage Daily, Apr. 18, 2018Out of all the home loans that were originated during March, two-thirds were conventional mortgages. Conventional share widened from 63 percent a year previous, said Ellie Mae.

Mortgage Daily, Apr. 18, 2018With purchase-money applications leading the way, weekly applications for home loans made a healthy ascension. Refinance share, however, continued to weaken, the Mortgage Bankers Association said.

Crain’s Detroit Business, Apr. 18, 2018–Chad Livengood”We’re not really in the mortgage business. We’re in the data acquisition business,” Quicken Loans Inc. Founder Dan Gilbert said Tuesday at a Mortgage Bankers Association conference at the Detroit Marriott at the Renaissance Center. “We acquire data, we curate it and we move it. That’s all we do.”

National Mortgage News, Apr. 18, 2018–Brad Finkelstein (subscription)MGIC Investment Corp.’s first-quarter net income beat analysts’ estimates due to favorable loss development and that should be seen with the other private mortgage insurers.

National Mortgage News, Apr. 18, 2018–Elina Tarkazikis (subscription)Blockchain technology promises to streamline how mortgages are managed at every point in their life cycle. But it will take an industrywide embrace for blockchains to reach their full potential.

HousingWire, Apr. 18, 2018–Sarah WheelerAt the Mortgage Bankers Association’s Technology Solutions Conference, Stacey Caster, vice president of technology communications at Quicken Loans, discussed how she approaches this task, and what advice she would have for other companies.