As the market recovers, Berkery Noyes anticipates more volume in originations and greater need for alliances between mortgage and tech companies.
Read More »Sales Vet Joins ICON
Irvine, California-based ICON Residential Lenders announced Sean Finn has joined the company as area sales manager of the Midwest Region for Wholesale. Finn joins the national wholesale mortgage originator and servicer from Wells Fargo, where he had a successful career in sales management.
Read More »Trulia to Rely on Mortech for Mortgage Data
Trulia is teaming with mortgage technology provider Mortech, Inc., to provide mortgage products and rate information to Trulia visitors.
Read More »Real Estate Attorney Sentenced to 51 Months for Mortgage Fraud
A Manhattan real estate attorney was sentenced to 51 months in prison for his role in a $9 million mortgage fraud scheme, Manhattan U.S. Attorney Preet Bharara announced Friday. According to the indictment and statements made in court proceedings, Eric Finger and his co-conspirators used "straw buyers" to fraudulently obtain mortgages from lenders.
Read More »MISMO Seeking Nominations for Governance Committees
MISMO, the non-profit standards development subsidiary of the Mortgage Bankers Association (MBA), announced Monday it is seeking nominations to serve on its Residential and Commercial Governance Committees. The committees are responsible for providing strategic and tactical guidance to MISMO's workgroup and standards development activities.
Read More »Redfin: September Home Prices Avoid Usual Seasonal Retreat
Home prices in September were up 5 percent year-over-year while home sales posted a 4 percent annual increase, even as housing metrics began their typical seasonal declines, according to Redfin's analysis of activity across 19 major U.S. markets. Between August and September, these 19 markets saw prices decline just 0.8 percent, which Redfin says is a smaller decline than is customary at this time of year. Over the same period, home sales dropped 17 percent├â┬ó├óÔÇÜ┬¼├óÔé¼┬Øa figure the company says represents "a typical seasonal decline."
Read More »Report: Texas Pays Highest Effective Mortgage Rates
According to a report from Opera Solutions, Texas pays one of the nation's highest weight average coupon rates on its mortgages.
Read More »Billy Bob Thornton’s Beverly Hills Abode Lists for $9.95M
Listing his estate in Beverly HIlls for just under $10 million, Oscar-winning actor Billy Bob Thornton is moving on. The 11,012-square-foot mansion, a Spanish-style home built in the 1920s, is currently on the market for $9.995 million.
Read More »Industry Leaders Focus on Workforce Housing
Workforce Housing in the New Economy took center stage during a recent conference hosted by the University of Miami's School of Business Administration, School of Architecture, and Office of Civil and Community Engagement. Featuring expert commentary from past and present leaders for the Department of Housing and Urban Development (HUD), the Bipartisan Policy Center, the Consumer Federation of America, and Habitat for Humanity, the Florida-based event provided insight into the policies, programs, and regulations that are impacting housing for U.S. workers.
Read More »Former Goldman Sachs Execs to Launch Kingsguard Advisors
Two former Goldman Sachs executives have joined forces to establish Kingsguard Advisors, LP. Announcing the November 1 launch date of their new venture, the co-founders of the company also revealed that they have formed a strategic partnership with Investcorp.
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