LauraMac, a provider of mortgage loan review SaaS technology, announced on Thursday that it has integrated with LoanLogics IDEA, an intelligent document processing and data extraction technology. The outcome of the integration between IDEA and the LauraMac platform “will improve the quality and transparency of mortgage loan commerce,” LoanLogics CEO Dave Parker said in a […]
Nairobi’s public buses and vans, called “matatus,” and their custom graffiti brighten the busy streets of Nairobi. The idea is the glitzier the vehicle’s design, the more customers it will attract. Hubbah Abdi has this report from the Kenyan capital. Narrated by Michele Joseph. (Camera: Joseph Ochieng) details ⇒ BusinessMediaguide.Com portal received this content from […]
Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. The […]
Burt Bacharach, the singularly gifted and popular composer who delighted millions with the quirky arrangements and unforgettable melodies of “Walk on By,” “Do You Know the Way to San Jose” and dozens of other hits, has died at 94. The Grammy, Oscar and Tony-winning Bacharach died Wednesday at home in Los Angeles of natural causes, […]
NASCAR, the American stock car racing company, is celebrating its 75th anniversary and striving to bring diversity to the sport. Genia Dulot visited a preseason NASCAR race in Los Angeles and spoke to Daniel Suarez, the first Mexican-born racing driver to win a NASCAR cup series. Camera: Genia Dulot details ⇒ BusinessMediaguide.Com portal received this […]
Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. According to a statement from the company, “Homelendia Mortgage will offer a unique and streamlined approach to mortgage brokerage ownership and the mortgage process, utilizing cutting-edge technology to provide a seamless […]
Mortgage rates are on a declining trend, but don’t be fooled – the industry’s efforts to rightsize from a pandemic boom will continue through 2023. Up to 30% of the 1,000 largest independent mortgage banks will disappear by the end of this year, either through sales, mergers, or failures amid still-high inflation and rising interest […]
During the week that mortgage rates very briefly touched down into the 5% range, mortgage applications increased 7.4%, according to the latest reading from the Mortgage Bankers Association. Still, mortgage demand is down 58% from a year prior. Mortgage rates fell to 5.99% on Thursday, Feb. 2 following comments made by Federal Reserve Chairman Jerome Powell about disinflation. A […]
With a turbulent housing market and a volatile rate environment playing out over much of the past year, concern about housing affordability has hit a fever pitch. Three housing policy experts recently joined HW Media COO Diego Sanchez to discuss the potential shifts in housing affordability over the next year. The panel took place during […]
Home Partners of America, a Chicago-based Blackstone portfolio company, has appointed Jennifer Deason as its chief executive officer, the company announced on Wednesday. Deason will step into the new role later this month. “Home Partners’ mission is particularly close to my own personal story, as I was raised by a single mom who did not […]
The Consumer Financial Protection Bureau (CFPB) is putting mortgage comparison sites on notice, laying out scenarios regarding how certain platforms could be violating the Real Estate Settlement Procedures Act (RESPA) section 8. If the mortgage comparison site “provides enhanced placement or otherwise steers consumers” to certain operators based on compensation, an operator is in violation […]
Amid a battle with the board of directors, loanDepot‘s founder Anthony Hsieh is stepping down as executive chairman. However, he will remain chairman for the company’s board, the company announced on Wednesday. The announcement came the day after Hsieh said he had decided to use his majority voting power to unilaterally nominate Williston Financial Group executive Steven Ozonian to […]
U.S. basketball star LeBron James of the Los Angeles Lakers became the National Basketball Association’s all-time leading scorer Tuesday. James hit a two-point basket late in the third quarter in the game against the visiting Oklahoma City Thunder to surpass the 38,387 career points held by Lakers’ legend and Hall-of-Famer Kareem Abdul-Jabbar. Abdul-Jabbar, who was […]
loanDepot founder and chairman Anthony Hsieh has decided to use his majority voting power to unilaterally nominate Steven Ozonian for election to the board of directors, exposing a dispute with other board members, the company disclosed in a regulatory filing on Tuesday. The decision on the new board member will be made in the company’s 2023 […]
Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage, increasing its footprint in the Southwest. Publicly traded Guild is picking up Legacy’s 13 branches across four Southwest states – Arizona, Colorado, New Mexico and Texas. Terms of the deal were not disclosed. “This acquisition is part of the company’s continued plan to grow […]
Digital closing platform Snapdocs announced on Tuesday that it has completed its integration with Mortgage Cadence, a cloud-based digital lending platform. This integration will enable lenders to finalize closing documents using Snapdocs within Mortgage Cadence’s loan origination system (LOS). Lenders can also use the system to order closing documents and other data. In addition, lenders […]
California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. The duality of the Fed has resulted […]
HousingWire’s Rising Stars are back! Nominations for the popular award open today and will run until Friday, February 24, 2023. This year — in an effort to combine mortgage and real estate into one award — we’re excited to announce the HW Rising Stars is also the new home to the successful RealTrends Emerging Leaders […]
The NBA Board of Governors announced on Monday that it had approved the group, led by mortgage industry executive Mat Ishbia, to acquire the Phoenix Suns and Phoenix Mercury. The transaction, which values the Suns and Mercury at $4 billion, first became public in December. The NBA said in a news release that the deal […]
The year ahead for the mortgage-servicing rights market is shaping up to be a lucrative play for investors, lenders and others looking to purchase MSR assets. Independent mortgage banks (IMBs) leaning on MSR sales, however, now face a supply-demand imbalance, market observers say. That imbalance favors buyers and is expected to be a drag on […]
There are fans for all kinds of things, from sports to birds to stamps. This is true for trains as well. VOA’s Aunshuman Apte reports. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
British author Salman Rushdie said he finds it “very difficult” to write after being stabbed last year, in an interview published Monday ahead of the release of his new novel Victory City. Rushdie, whose “epic tale” of a 14th-century woman who defies a patriarchal world to rule a city hits U.S. shelves Tuesday, said the […]
Rocket Pro TPO, the wholesale arm of Rocket Mortgage, wants to court brokers from its competitor United Wholesale Mortgage even if it means covering legal costs to bring them over. “Starting today, we stand behind brokers who want to use Rocket or Fairway [Independent Mortgage Corporation], but fear Mat Ishbia’s lawyers,” Mike Fawaz, EVP of […]
Home lender PrimeLending has promoted Kim Dybvad to lead its Mid-America division, months after the workforce quit en masse and joined a competitor. Dybvad, who joined the company in 2013 and is now a vice president, will be responsible for loan origination production in the Ohio, Indiana, Illinois, Michigan, Wisconsin and Kentucky markets. “Kim exhibits […]
Iran-based singer Shervin Hajipour’s Grammy Award for a song he produced last year in honor of Iran’s peaceful protest movement against Islamist rule has prompted an outpouring of positive reactions from Iranian social media users. U.S. first lady Jill Biden announced Hajipour’s win of the U.S. Recording Academy’s first-ever Song for Social Change Special Merit […]
The Mortgage Bankers Association (MBA) urged the Federal Housing Finance Agency (FHFA) to remove the addition of a debt-to-income loan level pricing adjustment (LLPA) in Fannie Mae and Freddie Mac‘s pricing framework. In January, the FHFA made a series of changes to LLPA fees with a revamped LLPA matrix that differentiates pricing by loan purpose, […]
Despite mortgage rates briefly falling below the 6% threshold, both housing inventory and mortgage demand fell last week. Let’s dive into the trend lines of the housing market. First, here is a quick housing market rundown from last week: Purchase application data was negative 10% week to week — but still positive for the year […]
Centuries-old weavings from the Caucasus, Iran and Turkey show the individual stories and intertwined histories of the region in a museum exhibit in the Western U.S. state of Colorado. VOA Correspondent Scott Stearns has our story. details ⇒ BusinessMediaguide.Com portal received this content from this noted web source: VOANews.Com
America’s $13.3 trillion mortgage servicing sector shouldn’t be “disrupted” by financial technology, it should be reimagined with fintech. Most new-to-mortgage fintech folks who overuse the word “disruptor” will start by asking, “What are your requirements?” but that’s the wrong question. The right questions — asked by the right servicing fintech experts — clarify how to […]
The success of the critically acclaimed 2022 film “Everything Everywhere All at Once” has put a spotlight on Asian representation in the U.S. film industry. Now, an American actor of Hmong descent and a Cambodian American filmmaker have made a new movie about the Asian experience in the United States. VOA’s Chetra Chap reports. details […]
Manchester City was accused by the Premier League on Monday of providing misleading information about its finances over a nine-year period when the club was attempting to establish itself as a force in English and European soccer following its takeover by Abu Dhabi’s ruling family. The explosive development came at the end of a four-year […]
Home prices growth and mortgage rates have come down from the peaks in 2022, but affordability still remains a challenge. In turn, borrowers who are entering the market are leaning heavily toward buying down their first lien interest rates by paying points up front. In the third week of January, 57% of all borrowers who […]
Beyonce’s four wins were one of many highlights of Sunday’s Grammys, making her the artist with the most Grammys ever. Beyonce, the Queen Bee, can now proudly wear the crown of most decorated artist in Grammy history, breaking the 26-year record held by the late Hungarian-British conductor Georg Solti. However, she was not in the […]
Here is a list of winners in key categories for the 65th annual Grammy Awards, which were handed out on Sunday in Los Angeles. Beyonce led the field with a total of nine nominations and scooped up four awards, making her the winningest artist in Grammys history. Harry Styles won the Album of the Year […]
For Wilfred Cadet, buying soup on Sunday is the equivalent of going to church. Seated on plastic chairs next to a street food stand tucked in an alleyway, the 47-year-old Haitian slurps orange-colored soup out of a metal bowl next to his 9-year-old son. Haitians mill past them cradling larger plastic containers, each eager […]
— Best alternative music performance: “Chaise Longue” by Wet Leg — Best alternative music album: “Wet Leg,” Wet Leg — Best rock album: “Patient Number 9,” Ozzy Osbourne — Best rock performance: “Broken Horses” by Brandi Carlile — Best rock song: “Broken Horses” by Brandi Carlile — Best rap performance: “The Heart Part 5,” […]
Pop superstar Beyonce, winner of more Grammy awards than any other female artist, has never taken home the coveted album of the year trophy at the music industry’s highest honors. That could change on Sunday, according to industry experts and awards pundits, although it is not a sure thing in a formidable, wide-ranging field that […]
The tea tasted bitter and earthy, but Lorenzo Gonzales drank it anyway. On that night in remote Utah, he was hoping for a life-changing experience, which is how he found himself inside a tent with two dozen others waiting for the psychedelic brew known as ayahuasca to kick in. Soon, the gentle sounds of a […]
The White Lotus actress Jennifer Coolidge is being celebrated Saturday as the 2023 Woman of the Year by Harvard University’s Hasty Pudding Theatricals. As the oldest theatrical organization in the nation and one of the oldest in the world, since 1951, Hasty Pudding Theatricals has bestowed this award annually on women “who have made lasting […]
Paco Rabanne, the Spanish-born designer known for perfumes sold worldwide and for metallic, space-age fashions, has died, the group that owns his fashion house announced Friday. “The House of Paco Rabanne wishes to honor our visionary designer and founder who passed away today at the age of 88. Among the most seminal fashion figures […]
“Helloooo! Hello the Universe! Whoo!” shouted Jakkaphong “Anne” Jakrajutatip, the latest owner of the Miss Universe contest, from a stage filled with beauty queens. Jakkaphong, a Thai media tycoon and trans rights activist, bought the parent company, Miss Universe Organization (MUO), last year. She is the first non-American and first transgender woman to own the […]
A federal judge in Illinois ruled in favor of Townstone Financial Inc. and its owner, Barry Sturner, on a motion to dismiss with prejudice a redlining lawsuit filed by the Consumer Financial Protection Bureau (CFPB). In July 2020, the CFPB filed a lawsuit accusing the nonbank retail lender of discouraging prospective African American borrowers in […]
The past few years in the housing industry have been nothing short of unprecedented. In 2020 and 2021, many homeowners refinanced, locking in historically low 30-year fixed rate mortgages. And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are […]
Mortgage lender and digital financial services company Guaranteed Rate hopes to court builders and borrowers with its newly launched programs — Lock ‘N’ Sell rate lock program and forward commitments – by helping the borrowers secure lower mortgage rates. The rate lock program allows builders to lock in a current rate for up to 120 […]
Acclaimed Iranian filmmaker Jafar Panahi has been released on bail after starting a hunger strike protesting his almost seven-month detention, supporters said Friday. The director had been arrested months before the current anti-regime protests erupted, but his imprisonment became a symbol of the plight of artists speaking out against the authorities. Panahi was released from […]