OptifiNow, Seal Beach, Calif., hired Linn Cook as Vice President of Sales, responsible for leading sales of its cloud-based sales and marketing platform.
Category: News and Trends
‘Sudden Uptick’ in Fraud Risk Raises Eyebrows
First American Financial Corp., Santa Ana, Calif., said its monthly Loan Application Defect Index showed a jump in mortgage fraud risk for purchase transactions, the first such increase since last March.
Consumer Confidence Slows, ‘Unlikely to Gain Momentum’ in Early 2020
The Conference Board, New York, said its Consumer Confidence Index fell marginally in December, following a slight increase in November. The Index now stands at 126.5, down from an upwardly revised 126.8 in November.
S&P: Home Prices Post 3.3% Annual Gain
The S&P CoreLogic Case-Shiller Home Price Indices reported a 3.3% annual gain in October, up from 3.2% in the previous month.
Mortgage Applications Down Over Break in MBA Weekly Survey
Mortgage applications fell for the week ending Dec. 20 from one week earlier as key interest rates edged up, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
Allen Price: Don’t Let Natural Disasters Become Servicing Disasters
Natural disasters have become seemingly commonplace, as every season seems to bring a major storm, flood, hurricane or wildfire somewhere in the country. These events obviously have devastating impacts on homeowners. But on one level or another, they have also revealed weaknesses among mortgage servicers and their ability to respond appropriately.
ARMCO: Critical Defect Rate Improves; FHA Loan Quality Decreases
ACES Risk Management, Denver, released its quarterly Mortgage QC Trends Report, showing a continued drop in overall critical defects but an uptick in FHA loan performance.
Mortgage Vendor News & Views—End-of-Year Edition–Scott Roller
In this ongoing article series, we report on mortgage and credit union vendor marketplace events and trends, and we then share our viewpoints. Today we focus on a subset of vendors whereby each have an intriguing model adding value to clients – and substantially serving borrowers too. Technology is blurring the lines, enabling innovation and expansion of traditional business boundaries.
MBA Offers Recommendations to Ginnie Mae Digital Collateral Guide
The Mortgage Bankers Association, in a Dec. 23 letter to Ginnie Mae, offered a series of recommendations as the agency develops its upcoming Digital Collateral Guide.
MBA Year-End Advocacy Update
In 2019, with the confirmation of Mark Calabria to head the Federal Housing Finance Agency and the release of the Trump administration’s reform plans, housing finance reform took center stage again. Against that backdrop, MBA continued to assert its position as the thought leader on all elements of housing finance reform.