Breaking News
  • Trump picks Pam Patenaude to serve as HUD deputy secretary

    HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported. Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary. Click the headline to read more.

News

Ellie Mae revenue jumps 26% in first quarter 2017

Despite industry mortgage volume declining
Ellie Mae powered through industry declines in mortgage volumes and recorded a strong boost in revenue for the first quarter 2017. As industry wide mortgage volume declined by 34% from the fourth quarter, Ellie Mae managed to grow its revenue by 26% in the first quarter.
Read More

Consumer optimism sees slight uptick in April

Partisan divide subsides significantly
Consumer optimism edged up slightly in April, but not quite as high as the beginning of the month. Independents are more confident in the economy, and Republicans and Democrats are beginning to converge as the partisan divide slowly heals.
Read More

Trump picks Pam Patenaude to serve as HUD deputy secretary

Currently serves as president of the J. Ronald Terwilliger Foundation
HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported. Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary. Click the headline to read more.
Read More

Feds seek fugitive who fled after being convicted in $16 million mortgage fraud scheme

Oscar Ortiz charged with failing to appear for sentencing
Nearly a year ago, Oscar Ortiz, a 53-year-old contractor from the Houston area, pleaded guilty to conspiring to commit bank, mail and wire fraud for his role in a $16 million mortgage fraud scheme. Ortiz was due in court this week to receive his sentencing for that conviction, but when his sentencing hearing began, Ortiz was nowhere to be found.
Read More

Banc of California names Doug Bowers president, CEO

Previously served as president, CEO of Square 1 Bank
Banc of California announced Thursday that it selected Doug Bowers to serve as the bank’s new president and chief executive officer, effective May 8, 2017. Bowers takes over at Banc of California during a time of transition, as the bank recently sold its mortgage business, Banc Home Loans, to Caliber Home Loans.
Read More

Neat Capital unveils digital mortgage platform, acquires Whole Loan Solutions

Boasts 12-day loan closings
Neat Capital, a Boulder, Colorado-based fintech mortgage lender that focuses on jumbo loans, announced that it launched a digital mortgage platform that offers “fast, transparent, and painless loan approvals” and boasts average loan closing times of 12 days. But that’s not all the company news of the day. Neat Capital also announced that it acquired Whole Loan Solutions.
Read More

CFPB releases report promoting diversity in mortgage industry

Here are five strategies
The CFPB released a report today with what it calls innovative solutions for diversity and inclusion within the mortgage industry. The regulator gathered a roundtable of industry experts including the MBA and other bank leaders to discuss the best solutions for increasing diversity. Here are a few of the strategies.
Read More