A study conducted by Mortgage Marvel has concluded that California mortgage applicants, for the second year in a row, have the highest average credit scores in the nation at 754—a full 24 points above the national average of 730. Mississippi mortgage applicants, again for the second year in a row, … [Read more...]
Effective Reporting in Automated Valuation Management Platforms
January 27, 2012 by
Lending managers today need to be everywhere at once. They are accountable for helping to ramp up lending volume while ensuring that stringent risk oversight and review controls are in place Read this article: Effective Reporting in Automated Valuation Management Platforms … [Read more...]
Three Busted for Defrauding the VA
January 20, 2012 by
A Rockford, Ill., grand jury has indicted a former residential sales manager and two former contractors of a Florida property management company in connection with housing repair contracts for the U.S. Visit site: Three Busted for Defrauding the VA … [Read more...]
Lyle Lasky to Direct Compliance at First Guaranty Mortgage
January 20, 2012 by
First Guaranty Mortgage Corporation (FGMC) has announced the addition of Lyle Lasky as assistant vice president, national underwriting and credit compliance manager. Lasky’s role will be to ensure quality, due diligence, and compliance in the review and approval of all FGMC home loans. He comes to … [Read more...]
Housing Starts Rise 4.4 Percent in December
January 19, 2012 by
Nationwide production of new single-family homes rose 4.4 percent to a seasonally adjusted annual rate of 470,000 units in December, according to newly released figures from the U.S. Commerce Department. This marked a third consecutive increase and the fastest pace of single-family housing starts … [Read more...]
Delinquencies Stabilize From November to December
January 19, 2012 by
Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, has reported the following "first look" at December 2011 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million … [Read more...]
PRMI Launches Enterprise Risk Management Group
January 18, 2012 by
Primary Residential Mortgage Inc. (PRMI) has announced the formation of a new Enterprise Risk Management (ERM) group. The creation of new ERM group demonstrates the company’s commitment to manage risk through the entire loan origination process and ensures that the company has the appropriate … [Read more...]
Mortgage Apps See Near 25 Percent Increase
January 18, 2012 by
Mortgage applications increased 23.1 percent from one week earlier (last week's results included an adjustment for New Years Day), according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending Jan. Read the original: Mortgage Apps See Near … [Read more...]