Gateway First Bank, one of the largest banks in the state of Oklahoma, announced the appointment of industry veteran Stephen Staid as its Chief Servicing Officer.  As chief of servicing, Staid will direct a team overseeing customer care, investor accounting, ...

During the same time frame of the household-owned value of the U.S. housing market reaching an all-time high of $26.12 trillion, the share of homeowners with a mortgage is at 62.9%—the lowest level since 2005—according to the Urban Institute.  The ...

Is having debt a good thing? A new study by LendingTree found a correlation between mortgage debt and life expectancy, as higher debt relative to income is linked to higher life expectancy.  “That trend reaffirms the idea that homeownership is ...

A survey by the National Association of Business Economics (NABE) revealed that most of the surveyed economists believe a recession will begin by 2020 or 2021. “Survey respondents indicate that the expansion will be extended by the shift in monetary ...

It has been a record-breaking past few years for wildfires across the nation. CoreLogic reports that in 2018 nearly 9 million acres were burned, and nine of the last 14 years have had the highest annual totals of burned acreage ...

It has been more than a decade since the Great Recession and the Dodd-Frank regulations were handed down.  Following the 2018 midterms, Democrats in the House focused on protecting consumers, and the Republican-led Senate Banking Committee is simplifying rules that  ...

Angel Oak Mortgage Solutions, LLC, a wholesale and correspondent non-QM lender, announced the launch of QuickQual. This loan tool will enhance the ease and speed at which loan officers (LOs) can determine borrower eligibility for non-QM loans.  QuickQual, powered by ...

DocMagic, Inc., a provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, announced that INTEGRA Software Systems (INTEGRA) will offer the company’s document preparation solution to their client base via an integration with INTEGRA’s new LOS, EPIC. ...

The stock market did its best to recover Thursday after falling off the cliff on Wednesday, sending Wall Street into panic as the 10-year and 2-year Treasury yield curves inverted for the first time in more than a decade.  The ...

A new survey from Freedom Debt Relief reveals that 69% of homeowners with $10,000 in unsecured debt plan on renovating their homes in the next five years.  Additionally, 60% of homeowners said they are unable to afford needed upgrades and ...