The Buffalo News, Apr. 19, 2018–Matt GlynnKeyBank is ready to capitalize on the residential mortgage business it picked up from First Niagara Bank, but determined the insurance business it acquired in the same deal wasn’t a good fit.
Category: Top National News
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.
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.
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.
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.
Gilbert: ‘We’re Not Really in the Mortgage Business’
Crain’s Detroit Business, Apr. 18, 2018–Chad LivengoodQuicken Loans Chairman Dan Gilbert and Vice Chairman Bill Emerson spoke at a Mortgage Bankers Association conference in Detroit. Gilbert said Quicken Loans is more of a “data acquisition business” than a mortgage company.
Serious Mortgage Delinquency Down from Year Ago
Mortgage Daily, Apr. 17, 2018While there was no month-over-month change in serious mortgage delinquency, there was a year-over-year improvement. Miami saw a significant increase.
A Bubble in Commercial Real Estate May Be About to Pop
Business Insider, Apr. 17, 2018–Wolf RichterBanks are ramping up the extension of commercial real estate loans. CRE prices peaked in 2016 and are now flat-lining, which is partially due to the downturn of malls and traditional retail. Office and lodging buildings have been hit hard too.
Q2 Mortgage Refinance Outlook Increases
Mortgage Daily, Apr. 16, 2018The second-quarter forecast for refinance originations has been raised–though the gain came at the expense of expected second-half production.
Home Prices Up for 24th Consecutive Month
National Mortgage Professional, Apr. 16, 2018–Phil HallHome prices climbed for the 24th consecutive month in March while home sales fell for a fourth consecutive month, according to the latest RE/MAX National Housing Report.