• Ocwen2.26-0.03 -1.31%
  • Zillow38.62+1.03 +2.74%
  • Trulia47+0 +0%
  • NationStar16.17-0.08 -0.49%
  • CoreLogic42.68+0.72 +1.72%
  • RE/MAX59.95+0.60 +1.01%
  • Fannie Mae2.95+0.11 +3.87%
  • Freddie Mac2.77+0.09 +3.17%
  • Wells Fargo54.54-0.02 -0.04%
  • CitiMortgage60.10-0.11 -0.18%
  • Bank of America23.89-0.09 -0.38%
  • Lennar50.97+0.27 +0.53%
  • Fidelity National Financial40.90+0.40 +0.99%
  • D.R. Horton32.99+0.34 +1.04%
  • PulteGroup22.70+0.50 +2.25%
  • First American40.77+0.30 +0.74%
  • BKFS41.50+0.95 +2.34%
  • AUDUSD=X0.7475+0.0001 +0.0134%
  • USDJPY=X111.2690+0.1840 +0.1656%
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Home >> News >> Servicing

Discussing Diversity in the Mortgage Industry

Discussing Diversity in the Mortgage Industry

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.

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Flagstar Sees Q1 Revenue Bump

Flagstar Sees Q1 Revenue Bump

Flagstar Bank is seeing growth across its mortgage service lines, according to the Q1 2017 earnings report released by the bank on Wednesday. Flagstar’s commercial real estate loans jumped 11 percent from Q1 2016 and 58 from Q4 2016. The bank’s mortgage revenues are also up, rising 19 percent for the quarter.

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Jeff Bells Appointed as LoanCare CIO

Jeff Bells Appointed as LoanCare CIO

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.

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New Home Sales Up as Prices Rise

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.

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The Week Ahead: A Look at the Rising Prices

The Week Ahead: A Look at the Rising Prices

The S&P Corelogic Case-Shiller HPI covers 20 metropolitan areas across the U.S., and is released on the last Tuesday of every month. The previous HPI, covering January 2017, showed home prices at a 31-month high. During January, home prices were up 5.9 percent year-over-year and 5.7 percent month-over-month.

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A Nation of Overleveraging

A Nation of Overleveraging

A new list reveals the country’s most overleveraged cities—areas where mortgage balances far outweigh home values and median incomes. San Luis Obispo, California, topped the list, with a mortgage debt-to-income ratio of more than 2,000 percent. The market’s historically low mortgage rates are likely to blame for overly ambitious buying.

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Bank of America Posts Solid Q1 Gains

Bank of America Posts Solid Q1 Gains

Bank of America posted a 40 percent growth in overall net income for Q1. Growing consumer banking revenues seem to be the key. But the bank’s mortgage platform is down from a year ago, even as overall loan revenue is up.

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Existing Home Sales, Prices Continue Gaining Ground

Existing Home Sales, Prices Continue Gaining Ground

Tight inventory is continuing to drive home prices upward, but despite the uptick in cost, sales aren’t slowing down anytime soon. According to a report covering March housing activity, existing home sales and overall home prices were both up. The expected rise in interest rates likely pushed buyers into the market ahead of the spring season.

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Nationstar Receives Fannie Mae Top Servicer Recognition

Nationstar Receives Fannie Mae Top Servicer Recognition

Nationstar mortgage announced that it received the Servicer Total Achievement and Rewards (STAR) performer recognition for overall performance from Fannie Mae. Fannie Mae’s STAR Program aims to recognize the highest performing servicers for customer service. This is the third year in a row in which Nationstar has received the recognition.

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M&T Posts Q1 Results

M&T Posts Q1 Results

At the end of Q1 2017, M&T bank reported a mortgage banking revenue of $85 million, a $3 million increase from Q1 2016, but a decrease from Q4 2016’s $98 million. The bank’s real estate and other foreclosed assets dropped from $188 million to $119 million year-over-year, and quarterly from $139 million.

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