Valentine Dickerson, SVP of compliance at Proctor Financial, retires after 40 years in the industry

Valentine Dickerson announced her retirement after over 40 years of service to the mortgage industry. A highly respected leader, Dickerson has served at Proctor Financial since 1996, where she has embodied Proctor Financial’s mission of unwavering integrity, dedication to excellence, commitment to service, superior performance, and high value execution in the mortgage servicing industry. 
Source: HousingWire Magazine

Fannie and Freddie regain capital reserves; withhold billions from Treasury

It’s official. Fannie Mae and Freddie Mac have capital reserves again. As expected, the GSEs on Friday made their quarterly dividend payments to the Treasury. But, thanks to the new agreement between the FHFA and the Treasury, each of the GSEs withheld billions from the Treasury.
Source: HousingWire Magazine

Built Technologies hires new chief technology officer

Built Technologies, a technology company bringing construction lending to the digital age, recently appointed Matthew Russell as its new chief technology officer. And this new hire marks the beginning of the company’s plans for expansion.
Source: HousingWire Magazine

Value of U.S. housing market climbs to record $31.8 trillion

The total value of all homes in the U.S. increased in 2017 to a total $31.8 trillion, according to the latest report from Zillow. To put it in perspective, the total value of the housing market is 1.5 times greater than the gross domestic product of the U.S., and nearly three times that of China.
Source: HousingWire Magazine

2018: The year of the title company

The real estate industry made significant movement this year toward improved communications between all the professionals and consumers that are required for a property sale. At the core of this is a concerted effort by the title industry to apply technology to modernize and upgrade the closing process.
Source: HousingWire Magazine

The role of a healthy marketplace in real estate sales

The core of any real estate marketplace is the ability to provide an accurate read on pricing paired with the ability to efficiently support the selling of real estate in any market condition. A healthy marketplace, such as Auction.com, will consist of buyers who continually find attractive opportunities, sellers that receive market prices and qualified bids early and often, and the process of transferring ownership through the marketplace will be effective and risk-free.
Source: HousingWire Magazine

The Money Source adds Kirstin McMullen as chief financial officer

Growing financial services company The Money Source announced recently that it is adding Kirstin McMullen as the company’s new chief financial officer. Before joining The Money Source, McMullen served as the chief financial officer for Computershare Loan Services.
Source: HousingWire Magazine

FHFA report shows mortgage rates increasing as year ends

The most recent data from Freddie Mac showed that mortgage rates have been trending up over the last few weeks, nearly surpassing 4% in the last week of the year. A new trailing index report from the Federal Housing Finance Agency backs up the Freddie Mac data and shows that interest rates are indeed on the rise as 2017 ends.
Source: HousingWire Magazine

Beazer Homes expanding homebuilding operations in Carolinas

Beazer Homes, a homebuilder based in Atlanta, is set to expand its homebuilding operations in North and South Carolina thanks to a $29 million deal with Bill Clark Homes, a private homebuilder that operates in the Carolinas. Here are the details.
Source: HousingWire Magazine

Your top 10 HMDA questions answered: Part 10

The Home Mortgage Disclosure Act deadline looms closer, but many questions still remain unanswered. In this 10th and final part of the series, experts discuss how LOS providers should differentiate to help lenders today.
Source: HousingWire Magazine