Mortgage Cadence recently reached an agreement to license FirstClose’s proprietary integration hub software platform, which provides loan services throughout the mortgage-origination process. The agreement will enable third-party service providers to integrate their services into Mortgage Cadence’s existing end-to-end loan origination product suite more quickly, providing lenders with additional one-stop loan origination capabilities.

Participants in the CFPB's Divesity and Inclusion Meeting meeting included representatives from the mortgage industry, including from larger and smaller banks, as well as some nonbank financial companies. In addition, staff from the OWMI of other federal agencies, including the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and Federal Housing Finance Agency (FHFA) were included.

According to the Federal Housing Administration on Thursday, interest rates on conventional purchase-money mortgages decreased nationally from February to March. As interest rates dropped, prices have been on the rise, as shown in the FHFA’s last House Price Index for February, which released on Tuesday. House prices rose an average of 6.4 percent that month year-over -year, and up 0.6 percent month-over-month.

After the Financial Services Committee's hearing on the Financial CHOICE Act, Treasury Secretary Steven Mnuchin expressed his approval of the act. The act was introduced during a hearing of the Committee by Commitee Chairman Jeb Hensarling on Wednesday as an alternative to the Dodd-Frank act. Financial CHOICE aims to end taxpayer-funded bailouts of big banks, impose tougher penalties for financial fraud and insider trading, and demand greater accountability from regulators.

On May 11, the second annual Five Star Diversity Symposium will be held in Dallas, Texas. The Diversity Symposium is a day-long event focused on advancing the conversation on diversity within the mortgage industry, and will feature keynote addresses from diversity leaders as well as roundtable discussions and panels.

Treasury Secretary Steven Mnuchin released the president's tax reform plan which could have a significant impact on the mortgage industry and the financial industry as a whole. Calling the tax cuts in President Trump’s reform “The biggest tax cut and largest tax reform in history of this country,” the reform would reduce corporate taxes down to 15 percent, cut the top tax bracket down to 35 percent, and double the standard deduction.

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.

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.

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.

The FDIC and the Federal Reserve Board found that in December 2016, Wells Fargo had not yet remedied two of the three deficiencies the agencies had previously identified. Subsequently, the agencies imposed restrictions on the growth of Wells Fargo’s international and non-bank activities. The revised plan submitted by Wells Fargo in march adequately repaired the two deficiencies. Wells Fargo has remedied the deficiencies and will no longer be subject to the growth restrictions which were imposed.