Another merger and acquisition deal has hit the housing industry. Real estate and mortgage intelligence provider InGenius announced Wednesday that it has acquired SIMPL, a recruitment platform designed to support retail mortgage branch managers, and it has incorporate it into its existing data tools. Built by Fobby Naghmi and John Perry, SIMPL stands for Strategic […]
InGenius acquires mortgage recruiting platform SIMPL Read More »
The National Association of Realtors (NAR) has named Leslie Nettleford-Freeman as its new associate general counsel and vice president of legal affairs and brand protection. In her newly created role, she will focus on strengthening the organization’s trademark defense and intellectual property strategy. Nettleford-Freeman is a nationally recognized expert in trademark law with more than
NAR hires Nettleford-Freeman as VP of legal affairs Read More »
Barry Habib, the founder and CEO of MBS Highway and a go-to source for mortgage industry predictions, has been named to Fannie Mae‘s board of directors. A recent filing with the Securities Exchange Commission (SEC) confirmed that Habib had been appointed to the board effective July 21. “The appointment of Mr. Habib is until the
Mortgage prognosticator Barry Habib joins Fannie Mae’s board Read More »
Bing Guan/Bloomberg Flagstar Financial’s profitability challenges extended into yet another quarter, with the company reporting a net loss, though executives remain optimistic about a near-term financial turnaround. On Friday, the parent company of Flagstar Bank reported a second-quarter net loss of $70 million, or $0.19 per share, exceeding the consensus net loss estimate of $0.14
Flagstar’s losses shrink as bank looks toward profitability Read More »
Mortgage Rates End Week Unchanged. Next Week, Probably Not… It’s no great secret that the outgoing week didn’t offer much in terms of hotly anticipated events with the power to make or break momentum in the rate market. But as it happened, there was ultimately no impact whatsoever by the time Friday afternoon rolled around.
Mortgage Rates End Week Unchanged. Next Week, Probably Not… Read More »
The Federal Housing Finance Agency is proposing to repeal its fair lending, fair housing and equitable housing finance rule, stating it is looking to comply with Pres. Trump’s executive orders. Furthermore, the rule is duplicative, with the laws behind each portion administered by other agencies. But Jannell Byrd-Chichester, general counsel for the National Fair Housing
FHFA set to end equitable housing finance plans for GSEs Read More »
Private flood insurance use rose notably in recent years as utilization of federal coverage inched down due to adjustments to public programs that have included more latitude in the mortgage sector. Over the last four years, private coverage grew 20% while public policies the National Flood Insurance Program offers receded by 2%, according to a
Private flood insurance growing as federal coverage recedes Read More »
Primelending returned to the black in the second quarter, but ongoing housing market challenges look set to apply further downward pressure to the mortgage business’ bottom line, leaders of its parent company warned. Mortgage originations brought in $3.21 million of pre-tax income for Hilltop Holdings, parent company of Plainscapital Bank and Primelending, during the second
Primelending profits, but outlook still dim Read More »
A bipartisan group of lawmakers is leading an effort to increase housing supply through the introduction of a bill that would boost investments in affordable housing — a priority set by the Trump administration. Senate Banking Committee Chair Tim Scott, R-S.C., and Sen. Lisa Blunt Rochester, D-Del., along with several other senators, introduced the Community
Bipartisan bill seeks to boost affordable housing Read More »
The government-sponsored enterprises’ exit from conservatorship could be unexpected and quick, the senior vice president of mortgage finance policy at the Independent Community Bankers of America said. While a methodical process may take place, he wouldn’t be surprised if the opposite happens, Ron Haynie said, speaking during an online presentation from Lenders One and the
GSEs could exit conservatorship fast, experts say Read More »