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California Mortgage Fraudster Gets Prison in $10M Scheme

California Mortgage Fraudster Gets Prison in $10M Scheme

Monday, 02 December 2019
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A federal judge has handed down a three-year prison sentence to a California man accused of mortgage fraud. So reports the Times-Herald. Read more...
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Bill Bodnar of MMG: Three Reasons Housing Will Keep Shining

Bill Bodnar of MMG: Three Reasons Housing Will Keep Shining

Monday, 25 November 2019
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Bill Bodnar of the Mortgage Market Guide (MMG) points a reaccelerating housing market, the strong labor market and interest rates remaining low as the three reasons. Read more...
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Ask The Expert: Should I Be Focusing on Selling More Adjustables Now?

Ask The Expert: Should I Be Focusing on Selling More Adjustables Now?

Friday, 22 November 2019
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Q: Dave, I see more prospects asking about adjustable rates in the past several months. Should I be focusing on selling more adjustables? --Sally from Kansas Read more...
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New Tool from Nexsys Simplifies Communication Between Lenders and Homeowners Insurance Providers

New Tool from Nexsys Simplifies Communication Between Lenders and Homeowners Insurance Providers

Thursday, 21 November 2019
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Nexsys Technologies, a FinTech company providing advanced technology solutions for mortgage origination and closing, announced the launch of Clear HOI, a tool that digitizes the communication between mortgage lenders and homeowners insurance companies. Read more...
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J.D. Power Ranks Customers’ Favorite Mortgage Originators for 2019

J.D. Power Ranks Customers’ Favorite Mortgage Originators for 2019

Monday, 18 November 2019
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Quicken Loans took the top spot on J.D. Power’s ranking of customer satisfaction with primary mortgage originators for the 10th straight year, according to a report by the market information services company. Read more...
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Ex-mortgage Broker Gets 8 Years in Jail for $1M Car Loan Fraud

Ex-mortgage Broker Gets 8 Years in Jail for $1M Car Loan Fraud

Wednesday, 20 November 2019
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A federal judge has sentenced a former mortgage broker from Maryland to more than eight years in prison for a $1 million scam involving fake auto loan applications. So reports The Baltimore Sun. Read more...
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Real Estate Closing Startup Qualia Grabs $55M

Real Estate Closing Startup Qualia Grabs $55M

Friday, 22 November 2019
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Qualia, a technology startup that aims to simplify the real estate closing process, has announced $55 million in Series C financing led by Tiger Global. So reports CrunchBase. Read more...
Feds Hit Mortgage Biz Short-sellers with Fraud Charges

Feds Hit Mortgage Biz Short-sellers with Fraud Charges

Tuesday, 19 November 2019
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Federal prosecutors have charged the founders and operators of a Massachusetts mortgage business focusing on short sales with defrauding lenders and investors to the tune of almost $500,000. So reports the North Andover (Mass.) Eagle Tribune. Read more...
Sherlock: What I Learned from This Year’s MBA Conference

Sherlock: What I Learned from This Year’s MBA Conference

Thursday, 14 November 2019
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At the MBA conference last week, I spoke with many senior executives at a variety of different-sized lenders about the state of mortgage banking and their concerns for the immediate future. Read more...
Housing Perspectives: Institutions and Geographic Concentration in VA Mortgage Lending

Housing Perspectives: Institutions and Geographic Concentration in VA Mortgage Lending

Friday, 15 November 2019
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The Veteran’s Administration (VA) home loan program, which makes homeownership more affordable for veterans, is used more extensively in places closer to major military installations, according to a new working paper from the Joint Center For Housing Studies of Harvard University. So writes Kerry Spitzer, Senior Clinical Research Coordinator at the Institute for Healthcare Delivery… Read more...
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