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Pricey Mortgages: Homeownership is Getting Tougher This Spring as Rates Keep Rising
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.
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8 Things We Learned at #MBATech18
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.
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Mortgage Originations Shift from FHA to Conv
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.
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Purchases Out Front of Jump in Mortgage Apps
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.
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Gilbert: ‘We’re Not Really in the Mortgage Business’
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."
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MGIC’s 1Q Income Beats Estimates on Favorable Loss Development
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.
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Mortgage Blockchains Promise Efficiency, But Face Steep Hurdles
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.
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MBA Tech: Building the Right IT Infrastructure
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.
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Point Secures $150 Million Commitment to Buy Equity from Homeowners
HousingWire, Apr. 18, 2018--Ben LanePoint, a financial technology platform that offers homeowners the opportunity take equity out of their home without taking on new debt, is set to grow thanks to a $150 million commitment from Atalaya Capital Management, a private investment firm.
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Ditech Holding Corp. Names Thomas Marano CEO and President
HousingWire, Apr. 18, 2018--Caroline BasileMarano is the sixth CEO for the company since October 2015. Marano will also continue to serve as chairman of the board of directors, the company said.
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MBA Compliance Essentials Offers Certified Mortgage Compliance Professional Designation Level 1
Earn recognition for your mortgage compliance expertise: MBA Education and the MBA Compliance Essentials program offer the only certification and designation program geared exclusively towards compliance professionals in the mortgage finance industry, the Certified Mortgage Compliance Professional (CMCP).
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