Mortgage application defects keep rising

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index

Monday Morning Cup of Coffee: When will mortgage lending pick up?

Plus, more on the future of Fannie and Freddie

Fannie Mae: 3 reasons why this oil glut won't crash housing

It isn't the 1980s anymore
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News

Optimal Blue promotes Nadia Aziz to chief commercial officer

Previously served as executive vice president
Optimal Blue, a provider of cloud-based enterprise lending services to the mortgage industry, announced the promotion of Nadia Aziz from executive vice president to chief commercial officer. In her new role, Aziz will be responsible for Optimal Blue's key functions of product management, marketing, and sales, and will focus on creating a stronger integration across these areas.
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Dimont partnering with OrangeGrid

Dimont’s hazard insurance will be available in OrangeGrid
Dimont, a provider of hazard claims insurance processing services to the residential and commercial mortgage industries, announced a partnership with OrangeGrid. Under the terms of the agreement, Dimont’s hazard insurance and claims processing capabilities will be available through OrangeGrid’s technology suite.
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Stonegate CEO Jim Cutillo abruptly leaves company

A positive move for the company?
Stonegate Mortgage Founder and CEO Jim Cutillo announced he is abruptly leaving the company effective Sept. 10, 2015, serving only as a consultant over the next six months to facilitate his transition. After a rough year on the stock market for the company, one analyst said this is positive news for the lender.
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National mortgage risk index up slightly in July

Risk has increased every month since January 2014
The risk grows even as increasing leverage in a seller’s market is pushing up real home prices, moving the goal post further away for many aspiring low- and middle-income homebuyers. Here’s why it’s not a good trend.
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Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index
Defects found on mortgage loan applications is on the rise and have been throughout 2015, according to a new report from First American Financial. Which states and markets are the biggest risks of application fraud? Click here to find out.
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Judge rules against RBC in mortgage lawsuit

Thornburg Mortgage entited $45 milllion
A district judge awarded the court-appointed trustee overseeing the liquidation of Thornburg Mortgage $45 million in his crisis-era lawsuit against Royal Bank of Canada since the bank undervalued the seized mortgage-backed securities it sold.
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At bloggerheads: The latest #FannieGate rumor challenged by the media

Settlement rumors stir up fracas among analysts, investors and media
Rafferty Capital’s Dick Bove recently told clients a Presidential round of golf, included a lawyer whose firm is at the center of the #FannieGate debacle, suggests the White House is pushing everyone to reach a settlement. Seemed harmless enough, but by the afternoon, things started getting really interesting.
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