Former loanDepot Chief Technology Officer Dominick Marchetti lands at Guaranteed Rate

Date: 19 Aug 2019 / Posted By: admin

Former loanDepot Chief Technology Officer Dominick Marchetti lands at Guaranteed Rate loanDepot CEO Anthony Hsieh shocked the mortgage business a bit earlier this month when he announced that the company’s chief technology officer, Dominick Marchetti, was leaving. At the time, Hsieh wished Marche

Capital Economics: Expect home prices to increase as mortgage rates drop

Date: 19 Aug 2019 / Posted By: admin

Capital Economics: Expect home prices to increase as mortgage rates drop For the last two weeks Freddie Mac reported 30-year, fixed-rate mortgages averaging 3.6%, a three-year low. These rates, combined with tight housing inventory will lead to an increase in home prices, Capital Economics said in

MBA lowers rate forecast and boosts lending outlook

Date: 19 Aug 2019 / Posted By: admin

MBA lowers rate forecast and boosts lending outlook Mortgage Bankers Association issued a new forecast that predicts the U.S. rate for a 30-year fixed mortgage will average 3.7% in the third and fourth quarters of 2019, down from the 3.9% the group predicted for the same periods a month ago. Lower

July’s home sales ends a nine-month climb of annual inventory growth

Date: 19 Aug 2019 / Posted By: admin

July’s home sales ends a nine-month climb of annual inventory growth In July, home sales grew 2.4%, effectively ending a nine month climb of year-over-year inventory growth, according to the RE/MAX National Housing Report. RE/MAX said the number of homes for sale fell 1.4% from 2018's level and 0

CFPB offers financial relief to harmed veterans

Date: 19 Aug 2019 / Posted By: admin

CFPB offers financial relief to harmed veterans In a proposed settlement with several lenders allegedly offering high-interest credit to veterans, the Consumer Financial Protection Bureau offered redress to harmed veterans and consumers. The CFPB and the Office of the Arkansas Attorney General file

Digital mortgage company Better.com closes $160 million in funding

Date: 19 Aug 2019 / Posted By: admin

Digital mortgage company Better.com closes 0 million in funding Better.com, one of the fastest-growing digital mortgage companies, said Monday it closed on $160 million of Series C funding, with backers including Ally Financial, Citi, and American Express. “Similar to how Amazon upended the retai

American Mortgage Service Co. and Eustis Mortgage plan to merge

Date: 16 Aug 2019 / Posted By: admin

American Mortgage Service Co. and Eustis Mortgage plan to merge In the latest in a string of mergers and acquisitions in the mortgage lending space, American Mortgage Service Co. and Eustis Mortgage announced recently that they plan to merge. According to the companies, they plan to relaunch as a c

Gateway First Bank names Jeff Schmidt chief mortgage operations officer

Date: 16 Aug 2019 / Posted By: admin

Gateway First Bank names Jeff Schmidt chief mortgage operations officer Only a few months after merging with Farmers Exchange Bank, Gateway First Bank has appointed Jeff Schmidt as its chief mortgage operations officer. In this new role, he will manage underwriting, appraisal, closing and funding,

Investors to build affordable housing units in Phoenix Opportunity Zones

Date: 16 Aug 2019 / Posted By: admin

Investors to build affordable housing units in Phoenix Opportunity Zones Investment company Pacific Oak Capital and Defer Gain, an Arizona-based real estate development company specializing in Opportunity Zone investments, have announced their joint venture to develop, finance, and operate multi-fa

Mortgage Tech Rundown: Calyx, LoanLogics, and Visionet Systems

Date: 16 Aug 2019 / Posted By: admin

Mortgage Tech Rundown: Calyx, LoanLogics, and Visionet Systems Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. Today we take a look at the latest fintech news from Calyx, LoanLogics and Visionet Systems. Source: