Cornerstone Capital Bank, a national provider of mortgage origination and servicing solutions and consumer, commercial, and institutional banking services, has launched a Community Lending Division to expand homeownership opportunities for underserved communities across the nation.
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SingleSource Property Solutions, a provider of residential property services supporting the U.S. housing industry, announced that Daniel Figurski has joined the company as chief appraiser. Figurski will expand the company’s valuation services to help home lenders, mortgage holders, and residential loan servicers increase efficiency through the use of effective, high-quality valuations.
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Our industry and our world needs innovation. So check out the 15th Annual Award Winners …
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Planet has hired Ken Quantie to lead KeyLink, the title entity in the Planet Family of Companies. As Senior Vice President, Quantie will expand KeyLink’s residential and commercial title offerings to make them available to external financial services entities by the end of the first quarter.
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Homebuyer affordability improved slightly in December, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,133 in November. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
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MetroList, Northern California’s largest multiple listing service, reports that its recent partnership with Home Value Lock has resulted in an uptick in interest in the innovative insurance product from real estate and mortgage companies.
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Down Payment Resource (DPR), an authority on homebuyer assistance program data and solutions, released its Q4 2024 Homeownership Program Index (HPI) report. The report saw the number of homebuyer assistance programs increase by 172 and the number of entities offering them increase by 75 year-over-year (YoY), bringing the total number of available programs to 2,466.
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REdistribute, an MLS backed venture that licenses and distributes MLS data for institutional use, has added Patrick Jacolenne, CEO of DataLogiq 360 and founder of CoComply.AI, to its Board of Directors. With decades of experience in real estate and mortgage technology, Jacolenne brings unmatched expertise and innovation to the REdistribute team.
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Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
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Panorama Mortgage Group has appointed Philip Riccio as its new Chief Financial Officer (CFO). With over two decades of experience in the mortgage industry, Mr. Riccio brings a wealth of expertise in capital markets, financial management, and strategic leadership to his new role.
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