Origination

Ally CFO James G. Mackey will soon be departing to take an executive position at Freddie Mac, the mortgage giant announced.

HUD released on Monday a proposal to define the type of qualified mortgage (QM) that would be insured, guaranteed, or administered by the agency. The proposed definition is aligned with the Ability-to-Repay rule laid out in the Truth in Lending Act (TILA) and includes provisions that prohibit loan terms in excess of 30 years and that limit upfront points and fees to no more than 3 percent--making it consistent with the Consumer Financial Protection Bureau's existing QM rule.

CoreLogic has announced the appointment of Olumide Soroye as managing director of Information Solutions.

DataQuick's monthly Property Intelligence Report (PIR), which examines home price and sales metrics as well as foreclosure data across 42 counties, is the latest in a line of reports pointing to mounting evidence that the housing recovery is losing some of its energy. According to the company's data, home prices in August grew in 40 of the 42 counties on a monthly basis and in all counties on a quarterly and yearly basis. However, though growth was positive, the rate of improvement is on the decline.

Premier Nationwide Lending (PNL), a Texas-based mortgage bank with operations around the United States, announced it has been approved to provide home mortgage loans and services and in Georgia, expanding its range to 20 states.

Carrington Charitable Foundation (CCF), the philanthropic branch of the Carrington Family of Companies, announced its 3rd Annual Golf Classic to be held October 14 in Newport Coast, California.

Mortgage rates continued their climb in August, according to the Federal Housing Finance Agency (FHFA).

Mortech, a Zillow business providing mortgage technology software for bankers and secondary market teams, announced that Tom Erickson has been promoted to the position of mortgage industry and compliance specialist.

A study from Zillow finds three out of 10 Americans are still unable to get in on today's improving market as mortgage availability remains tight.

Robert Fulton has joined LenderLive Network as SVP of secondary and capital markets for the company's Correspondent Lending unit.