Origination

Rob Katz has joined ReverseVision's team as EVP of sales, the company announced.

Sabal Financial Group, L.P., a privately held diversified financial services firm that specializes in real estate, lending, and banking, appointed Marguerite Brogan as managing director.

Member firms of Mortgage Insurance Companies of America (MICA) reported a combined 37,501 new mortgage insurance policies issued in September, down from 46,051 in August.

Carrington Mortgage Services' Wholesale Lending Division is expanding its offerings to include banks and credit unions as approved third-party originators, the company announced.

Recent findings released by online lender exchange LendingTree reveal that the financial health of prospective borrowers dipped in this year's third quarter after seeing a sizable improvement in the second. The company attributed the slight decline in borrower health to rising home prices, which boosted loan-to-value ratios across the country to a national average of 89.8 percent and put more financial pressure on potential borrowers. National health also experienced a slight drag from a dip in the average credit score of borrowers.

Softening trends in the housing market brought fixed mortgage rates to their lowest level since June last week, according to data from Freddie Mac.

MBA Education, an educational initiative launched by the Mortgage Bankers Association (MBA), presented E. Michael Rosser, CMB, with its inaugural MBA Education Lifetime Achievement Award.

Wingspan Portfolio Advisors, a diversified mortgage services company operating in Dallas, was named for the second straight year in Inc. Magazine's Hire Power Awards, a list of the top 100 businesses in America for job creation.

After staying mostly flat through mid-October, mortgage application volume jumped for the week ending October 25, the Mortgage Bankers Association (MBA) found in its Weekly Mortgage Applications Survey. MBA's Market Composite Index, a measure of loan application volume, increased 6.4 percent on a seasonally adjusted basis from the prior week. Having experienced a shaky summer, the Refinance Index bumped up 9 percent week-over-week.

Next year's mortgage numbers are on track to fall off by nearly a third as the decline in refinances outpaces the slow growth of purchase originations, according to an MBA forecast.