Gateway Mortgage hires new director of purchasing and vendor management
Gateway Mortgage Group has hired Jacquelyn Pardue as the director of purchasing and vendor management. As such, she will be responsible for overseeing vendor relationships for all business channels and service providers.
Seniors now have a collective trillion in home equity
Housing wealth for homeowners 62 and older continues to grow at a steady clip, reaching a record $7.05 trillion in the fourth quarter of 2018. The National Reverse Mortgage Lenders Association revealed that senior housing wealth grew 1.4% in the last quarter thanks to an increase in senior home values.
Bloomberg: Reverse mortgages are staging a comeback
Reverse mortgages might be “America’s most hated home loan,” according to a recent article in Bloomberg, but the news outlet also says they are staging a comeback thanks to the support of leading academics. In the past, these loans were touted as an option for cash-strapped seniors by aging celebrity pitchmen. But now, lenders are turning to retirement researchers and high-profile financial planning experts to promote the product’s use as a smart financial planning tool.
LendingTree: Borrowers with stronger credit scores saved big in February
In February, the best mortgage offers for borrowers with the “best profiles” had an average APR of 4.09% for conforming 30-year, fixed-rate purchase loans, according to LendingTree’s latest Mortgage Offers Report.
Knight Barry acquires Florida agency
Knight Barry Title has expanded into Florida through its acquisition of a Pensacola-based agency. Read on to learn what the acquired agency will be called and which employees were retained.
MBA outlines vision of a new CFPB
The Mortgage Bankers Association (MBA) has released a paper detailing its recommendations to ensure stability and consistent consumer protections from Consumer Financial Protection Bureau. Read on for more details about the MBA paper.
ClosingCorp introduces new analytics tool
ClosingCorp has introduced a new analytics tool it said gives providers of settlement services better insight into market penetration, pricing trends and market potential. Read on for more details about the new analytics tool.
Town Center hires marketing director
Boca Raton, Fla.-based Town Center Title recently hired a new director of marketing. Read on for more details.
Simplifile’s network reaches 1,900
With the recent addition of Logan County, Ill., Simplifile now has 1,900 jurisdictions in its eRecording network. Read on for more details.
Mortgage lender optimism grows as borrower demand heightens
In the first quarter of 2019, Fannie Mae’s Mortgage Lender Sentiment Survey revealed the net profit margin outlook for mortgage lenders retreated 8% from the previous quarter. Fannie Mae Senior Vice President and Chief Economist Doug Duncan said lenders appear less pessimistic regarding mortgage demand expectations; thus their profit margin outlook over the next three months is also slightly improved.