Several Mid-Level Mortgage Managers Appointed

Author:  //  Category: Mortgage

Recent appointments in real estate finance include a pair of regional managers, a production manager and a consumer-direct executive.

Steve Mix was hired as the new executive vice president, consumer direct, at Rushmore Loan Management Services LLC in April.

Mix, who left his job as executive vice president at Nationstar Mortgage LLC, has more than 30 years’ mortgage industry experience.


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Several Mid-Level Mortgage Managers Appointed

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Complaints Improve More for Mortgages Than Overall

Author:  //  Category: Mortgage

Although there has been no reduction from a year ago in overall financial services complaints, the mortgage industry has made an improvement.

From May 1 through July 31 of this year, U.S. consumers filed an average of 23,968 complaints per month against providers of financial services.

That was higher compared to the period from April 1 through June 30, when the average volume of overall monthly complaints came in at 23,906.


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Northwest Leads Increase In U.S. Home Prices

Author:  //  Category: Mortgage

Home values moved higher last month both on a month-over-month and year-over-year basis, and the Northwest was out front of the gains.

As of June, the S&P CoreLogic Case-Shiller 20-City Composite Home Price Index was 189.87, according to data released Tuesday.

U.S. home prices have increased 0.8 percent compared to one month previous.Home prices were 5.1 percent higher than a year previous.


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MSRs Eat Into Mortgage Servicer Earnings

Author:  //  Category: Mortgage

An escalation in prepayment volume pushed up quarterly losses from mortgage servicing rights activity and drove earnings at the mortgage servicers deeper into the red.

Residential loan servicers lost an average of over 8 basis points on each loan that they serviced during the period that started on April 1, 2016, and concluded on June 30.

Average earnings deteriorated compared to the first quarter, when losses amounted to less than 6 BPS, and swung from an 11-basis-point profit in the second-quarter 2015.


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Mortgage Production Profits Up on Employee Expense

Author:  //  Category: Mortgage

As quarterly loan originations increased, independent mortgage bankers cut their per-loan employee expenses and doubled the bottom line.

Total net production income at independent U.S. residential lenders averaged 73 basis points during the three months that ended on June 30.

Earnings more than doubled from the first quarter, when net income was 36 BPS, and was also up from 67 BPS in the second-quarter 2015.


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Home Energy Systems Named One of 2016s Top 500 Solar Contractors in North America

Author:  //  Category: Mortgage

H.E.S. Solar is recognized for their innovation and advancements in the solar industry by Solar Power World magazine as a top residential solar contractor.

SAN DIEGO, CALIFORNIA, UNITED STATES, August 25, 2016 /EINPresswire.com/ — Home Energy Systems (H …

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Home Energy Systems Named One of 2016s Top 500 Solar Contractors in North America

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Trump Super PAC Announces Trump Educational Policy To Eliminate North Carolina College Student Loan Debt

Author:  //  Category: Mortgage

NEW YORK, NY, UNITED STATES, August 30, 2016 /EINPresswire.com/ — Trump Super PAC, Get Our Jobs Back Inc. is pleased to announce today its Trump educational policy solution for eliminating all past & future college student loan debt in the State of …

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Herakles Farms: US Government Bullied Cameroon into Land Grab Lease

Author:  //  Category: Mortgage

OAKLAND, CA, USA, August 30, 2016 /EINPresswire.com/ — As the Cameroonian government decides whether or not to extend Herakles Farms’ lease for a palm oil plantation this November, a new report by the Oakland Institute reveals how bullying by US …

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Casino Cash Trac Makes Debut on the Prestigious Inc. 500 List

Author:  //  Category: Mortgage

Casino Cash Trac received top honors among the nation's fastest-growing private companies as the #1 company in Oklahoma and #19 software company in the country

TULSA, OK, UNITED STATES, August 23, 2016 /EINPresswire.com/ — Tulsa, OK— Tuesday 23, …

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Casino Cash Trac Makes Debut on the Prestigious Inc. 500 List

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MetaTrader 5 expansion is gaining momentum

Author:  //  Category: Mortgage

LIMASSOL, CYPRUS, August 30, 2016 /EINPresswire.com/ — The number of brokers offering MetaTrader 5 to their clients is growing on weekly basis. Two months ago, we reported that adding the hedging function to the platform has boosted its popularity …

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MetaTrader 5 expansion is gaining momentum

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