Sales Boomerang and Mortgage Coach merge

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. The two companies have been working toward the merger since LLR Partners’ made an investment in each in January. Richard … Continue readingSales Boomerang and Mortgage Coach merge

James Cooper to be permanent president of CSBS

The Conference of State Bank Supervisors (CSBS) Monday announced James Cooper will be its permanent president and CEO. Cooper stepped into the role of acting president and CEO of CSBS in mid-May after John Ryan, longtime CEO of the trade association, died unexpectedly. Cooper has … Continue readingJames Cooper to be permanent president of CSBS

Winners and losers of this volatile housing market

The last two years have been good to Christian Dicker.  Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. It didn’t matter where he was — getting dinner with his family at a … Continue readingWinners and losers of this volatile housing market

MBA, HPC urge VA to extend partial claim program

The Mortgage Bankers Association and the Housing Policy Council sent a letter to the Department of Veterans Affairs urging the department to delay the expiration of its COVID-19 assistance partial claim program. If it doesn’t heed the letter, the VAs partial claim program will sunset … Continue readingMBA, HPC urge VA to extend partial claim program

Mortgage delinquency rate falls to historic low

The national mortgage delinquency dropped to an all-time low in May, continuing two consecutive months of a decline since March.  The overall delinquency rate slightly dropped five basis points from April to 2.75% in May, according to Black Knight. The delinquency rate is 42% lower … Continue readingMortgage delinquency rate falls to historic low