Despite an overvalued market in the Western region, home prices in the U.S. remain affordable, even as rising home prices are expected to see a slowdown during the year, according to a report.
Read More »Ginnie Mae and Other Mortgage Leaders React to Government Shutdown
As companies brace themselves for what a prolonged shutdown could mean, Ginnie Mae announced on Sunday that its operations will continue despite the shutdown
Read More »Ellie Mae Passes New Milestone
Ellie Mae, the cloud-based platform provider for the mortgage finance industry, announced that it has passed the 1,500 employee milestone. The company has grown 40 percent since January of 2017 and 650 percent since its initial public offering in 2011. ...
Read More »Wells Fargo’s Chief Risk Officer Mike Loughlin to Retire
Wells Fargo & Company announced that Senior EVP Mike Loughlin will retire as the company’s Chief Risk Officer. The company expects to name a successor in the next few months and Loughlin will remain in his current role through the ...
Read More »Transformational Mortgage Solutions Announces New President & COO
Austin, Texas-based mortgage industry management consulting firm Transformational Mortgage Solutions (TMS) announced that it has named Beth Ozenghar its new president and COO. Ozenghar, whose mortgage career spans three decades, had been in the role of Senior Executive Advisor with TMS ...
Read More »How Will a Government Shutdown Affect the Mortgage Industry?
The mortgage industry is likely to see some immediate and far-reaching effects if the Senate does not reach enough votes to extend the Federal Budget to February 16.
Read More »Bank of America Posts Solid Results for Q4 2017
The bank’s pretax earnings for the year rose 17 percent as it gained market share across its businesses, but lower mortgage banking income and impact of the Tax Act decreased its noninterest income.
Read More »Refinance Volumes Increased in November 2017
More borrowers refinanced through FHFA’s HARP program in November on the back of mortgage rates that remained lower in October 2017, according to an FHFA report.
Read More »Are Housing Databases Overshadowing Agents?
A recent article notes concerns from housing professionals that major commercial websites could be causing real estate agents to become obsolete.
Read More »Homebuyers Seek Innovation From Mortgage Lenders
People looking at purchasing a home think mortgage products are not innovative enough and look instead for lowest rates or points, rather than who is offering the loan.
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