Mortgage Professional America, May 9, 2022–Tony CantuFirst American Financial Corp. announced its acquisition of Mother Lode Holding Co. – a California-based provider of title insurance, underwriting and escrow services for …
Category: Top National News
Title Insurance Industry Premiums Spike $7B Year Over Year
HousingWire, May 9, 2022–Brooklee HanThe American Land Title Association saw a nearly 36% year-over-year increase in title insurance premium volume in 2021 for a staggering $7 billion spike, according to …
More Homebuyers Opt for Adjustable-Rate Mortgages, Along with the Risks
NBC News, May 9, 2022–Martha C. WhiteRapidly rising mortgage rates and record-high home prices have fueled a comeback of adjustable-rate mortgages, along with concerns that some homeowners may be signing …
An Aging Banking Law Gets an Internet Overhaul
Protocol, May 9, 2022–Veronica Irwin et alThe OCC, Federal Reserve and FDIC issued a joint proposal Thursday for revamping the Community Reinvestment Act. ““The Community Reinvestment Act for independent mortgage …
As Deliveries Decline, GSE Seller/Servicers Loosen the Credit Box
Inside Mortgage Finance, May 9, 2022–Dennis HollierFannie Mae and Freddie Mac issued a combined $118.74 billion of single-family mortgage-backed securities in April, a 15.0% decline from March and a hefty …
Boeing Names NoVa Location as Global Headquarters, Establishes R&D Hub
ConnectCRE, MAy 9, 2022–Lisa McDuffieBoeing announced that its Arlington, Va., campus will serve as the company’s global headquarters. In addition to designating NoVA as its new headquarters, Boeing plans to …
Credit Washing Creeps into the Mortgage Space
National Mortgage News, May 9, 2022–Brad Finkelstein (subscription)Fraud experts are concerned that credit washing, in which borrowers make false claims about being victims of identity theft, is making its way …
Negotiable? Yeah, Right
UExpress, May 6, 2022–Lew SichelmanIn a competitive marketplace, the report says, commissions would “vary considerably” because agents have different skill sets and experience levels. They might have to work harder …
Radian Basks in Afterglow of Positive Earnings Report
Mortgage Professional America, May 6, 2022–Tony CantuThe Philadelphia-based company on Wednesday announced a profit for its first quarter that not only increased from last year’s comparable period but beat Wall …
Guild Mortgage Reports a $208m Profit in Q1
HousingWire, May 6, 2022–Flavia Furlan NunesAdd Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter — a trend that will continue …