Mortgage Daily, Jan. 27, 2017On Friday, Home Point announced that it has reached an agreement to acquire Stonegate Mortgage Corp. for $211 million in cash.
Category: Top National News
Mortgage Executive and Board Changes
Mortgage Daily, Jan. 277, 2017–Garcia, SamA couple of big mortgage players have made changes to their boards of directors. Meanwhile, several regional manager appointments were among recent executive changes.
Quicken Originations, Servicing and Staffing Up
Mortgage Daily, Jan. 27, 2017Quicken Loans Inc.’s home lending volume, servicing portfolio and employee count moved up both on a quarter-over-quarter and year-over-year basis.
Gaps Surface in National Housing Market
Chicago Daily Herald, Jan. 28, 2017–Woodard, JimAs the housing market nears full recovery, widening gaps along racial, socio-economic and generational lines are impacting the growth of the housing market and individual cities.
Remember Those Risky Subprime Mortgage Wagers? Something Similar May Be Returning to the Market
Bloomberg, Jan. 29, 2017–Scully, MattJPMorgan Chase, Bank of America and Credit Suisse Group have given price data to the startup, New York-based Vista Capital Advisors, which rolled out the latest version of its pilot initiative this month.
Why Appraisals Are Taking So Long in the Pacific Northwest
National Mortgage News, Jan. 27, 2017–Sinnock, BonnieLenders have been pulling their hair out over extreme appraisal delays in the Pacific Northwest and are trying to figure out why it’s happening to a greater degree there than elsewhere.
Matt Martin Steps Aside as CEO of Chronos Solutions
HousingWire, Jan. 27, 2017–Gaffney, JacobMark Hikel, who joined the company in July with the acquisition of UPF Services, will take over the role as CEO.
Citigroup Exiting Business of Servicing Mortgages
Wall Street Journal, Jan. 30, 2017–Rexrode, ChristinaThe bank is expected to announce Monday that it is selling servicing rights of 780,000 mortgages backed by Fannie Mae and Freddie Mac to a subsidiary of New Residential Investment Corp.
Mortgage Rates Resume Upward March After Brief Pause
Washington Post, Jan. 26, 2017–Orton, Kathy Mortgage rates escalated this week, gaining much of what they had given back the first three weeks of the year.
Alignment, Uncertainty Challenge GSE Single-Security Inititative
GoRion, Jan. 26, 2017–Wisniowski, Charles Fannie Mae and Freddie Mac have entered the New Year one “significant” step closer to their near half-decade old initiative to issue a common mortgage-backed security.