Pleasanton, California-based Ellie Mae, which provides a cloud-based analytics platform for the mortgage industry, announced that its platform, Velocify, was recognized with a LeadsCouncil LEADER award for outstanding performance ...
Read More »PennyMac Taps Nordis Technologies as Print/Mail Partner
Nordis Technologies, based in Coral Springs, Flordia, has secured a major new customer, PennyMac Financial Services Inc., a leading national residential mortgage lender and loan servicer, for its print ...
Read More »Citadel Rolls Out Program Enhancements for Non-Prime Credit Borrowers
California-based non-prime wholesale residential lender Citadel Servicing Corporation (CSC) has announced a major update to their product platform. Effective immediately, CSC will begin offering a 5/1 Hybrid Adjustable Rate Mortgage (ARM) ...
Read More »Dean Prober, President of Prober & Raphael, Passes Away
Dean Prober, Senior Partner and President of the California-based firm of Prober & Raphael, has passed away. According to a media statement from Prober & Raphael, Prober passed away on ...
Read More »The Week Ahead: Focus on Housing Starts
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development will jointly release data for the Housing starts in February on Friday, March 16 at ...
Read More »GSE Reform: What It Means for Borrowers
In the event of another market crash, congress is taking action to prevent further cost to taxpayers by introducing reform to the GSEs. However, how might this reform impact Fannie and Freddie's borrowers?
Read More »Data Shows Shift in Mortgage Credit Availability
Mortgage credit availability decreased 1.2 percent in February as program offerings in the conventional mortgage space affected the overall availability of credit, bringing the index down to 180.7. ...
Read More »Will the Rise in Construction Jobs Ease Supply Constraints?
Jobs in the construction sector led the overall jobs market according to data for February jobs released by the Bureau of Labor Statistics. While the total nonfarm payroll ...
Read More »Carson: Rumors HUD’s Mission Statement is Changing ‘Patently False’
On Thursday, HUD Secretary Ben Carson fired back against accusations that proposed changes to the HUD mission statement represented a rolling back of the agency's commitment to fair housing practices. Carson ...
Read More »Industry Responds to President Trump’s Import Tariffs
On Thursday afternoon, President Trump instituted import tariffs on foreign steel and aluminum. Calling the tariffs a push back against foreign competitors’ “assault on our country,” President Trump signed ...
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