Bell will be responsible for planning, organizing, optimizing and managing staff and overall operations of LoanCare’s IT department. He will provide strategic leadership to ensure operational services to the business are being supported in a timely and cost effective manner, as well as developing objectives and short and long term goals for the department.
Read More »Fannie Mae Tackles Student Debt Problem
Fannie Mae is now offering three solutions for borrowers with student loan debt. They will allow borrowers to exclude student debt in their debt-to-income ratio, let lenders accept student loan payments on credit reports, and allow borrowers to refinance in order to pay down student debts. Student loan debt is one of the biggest barries to homeownership today.
Read More »Housing Prices Up 6 Percent Over 2016
Home prices are up yet again, both over the month and over the year. The latest House Price Index shows a more than 6 percent uptick over 2016's prices and nearly a full percent jump since January of this year. The most annual growth was seen in the Mountain region.
Read More »Demand Cools Off as Inventory Heats Up
Housing demand is starting to cool off, due largely to low inventory and rising prices. The Oakland, California, market was hit particularly hard in terms of demand for March. Demand hit a record high in January.
Read More »New Home Sales Up as Prices Rise
According to data released on Tuesday by the Department of Housing and Urban Development (HUD) and the Census Bureau, new home sales grew by 5.8 percent month-over-month in March, and 15.6 percent year-over-year. The median home price rose to $315,000, while the average home price grew to $388,200.
Read More »Roostify Hires New CRO
Roostify has hired Frank Gelbart as the organization’s new Chief Revenue Officer. Under his new position, Gelbart will be in charge of managing partner relationships and driving both new and existing streams of revenue. Gelbart previously founded and served as President and CEO at Appfluent Technology, a business intelligence firm eventually acquired by Attunity.
Read More »Black Knight Integrates eSigning Tech into LOS
Black Knight Financial Services has integrated Docutech's Solex, an eSigning technology into its LOS. Lenders can now access Solex, as well as Docutech's ConformX interface. ConformX auto-populates LOS data to make document preparation easier.
Read More »Trump’s Impact on Banks
Approaching President Trump's 100th day in office, we took a look at how his administration has impacted the financial sector. From lending rates to bank stock prices, see in what directions the needle has moved in reaction to policy changes made by the president. We’ll also take a look at what impact Trump’s executive orders affecting Dodd-Frank is having on the market as well as how the housing industry may be impacted by a recent tariff on Canadian lumber.
Read More »DeMarco Tapped to Head HPC
The Financial Services Roundtable has appointed Ed DeMarco to head its Housing Policy Council. DeMarco has previously served at FHFA, the Treasury Department, the Milken Institute, and the Social Security Administration. He takes the helm starting June 1.
Read More »Texas Capital Completes First eClosing
Thanks to its implementation of DocMagic’s Total eClose platform, Texas Capital Bank has successfully completed and funded it very first eClosing. Now one of the largest warehouse lenders to accept and fund eNotes, Texas Capital has made its first step toward digitization. The bank was praised by DocMagic CEO Dominic Iannitti.
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