Cornerstone staffs up to grow servicing, builder partnerships

Seven executive hires in 2024 include Dana Abernathy, who will expand the company’s servicing operations, and Mike Iorio, who is tasked with growing homebuilder partnerships. Continue reading

Falling mortgage rates have yet to translate into pricier home sales

Applications for purchase mortgages dropped last week for the second week in a row as rising home prices continue to shut many would-be homebuyers out of the market. Continue reading

Economists predict big slowdown in home price appreciation

As for-sale listings continue to surge, many would-be homebuyers are still having trouble finding properties that they can afford and prices are already coming down in some markets Continue reading

Eyeing next refi boom, lenders plan to maintain or grow payrolls

Lending industry leaders surveyed by Fannie Mae see the lack of housing supply as the biggest risk factor in 2024, but most expect refinancing to pick up next year if rates continue to fall. Continue reading

Sagent hires Mr. Cooper vet Jaime Gow to grow new servicing platform

In what’s shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform to handle every phase of mortgage loan servicing. Continue reading

A pivotal moment: Take the Inman Intel Index survey for July

The Inman Intel Index goes beyond sentiment and trends by tapping into the industry’s most engaged community. Add your voice to real estate’s most ambitious monthly survey today. Continue reading

Tech enables instant mortgage payments with a debit card

Payment processing technology developed by REPAY is now available to loan servicers through ICE Mortgage Technology’s Servicing Digital solution, a customer engagement and retention tool. Continue reading

Regulators modernizing giant database of mortgage pros

Launched in the midst of the 2008 financial crisis to weed out bad actors, the Nationwide Multistate Licensing System & Registry (NMLS) is scheduled to be updated this weekend as part of a long-term modernization project. Continue reading

Aven lands $142M in funding to take HELOC credit card nationwide

Former Fannie Mae and Freddie Mac chief executives Tim Mayopoulos and Michael DeVito are joining a newly formed advisory board in conjunction with a funding round led by Khosla Ventures. Continue reading