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Kelly Davids named president of The Appraisal Foundation

Housing Wire

Davids, who has been a foundation staff member since 2013 as a senior vice president, is also a former foundation trustee and has served various roles in Ohio politics over the past 40 years. At that time, outgoing president Dave Bunton informed the foundation that he would be retiring at the end of his current contract.

Appraisal 388
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Keller Williams faces three lawsuits tied to its profit-sharing programĀ 

Housing Wire

Allegations include breach of contract and unjust enrichment, with damages sought at $250 million. Hill, a former KW agent from 2002 to 2013, filed a similar complaint in the U.S. On March 22, Moulder, who worked with Keller Williams from 2002 to 2011, filed a complaint aiming for class-action status in the U.S. On March 25, Robert E.

Brokerage 500
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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Due to the significant contraction in the overall mortgage industry, we have made the difficult decision to exit the correspondent lending business,ā€ Chuck Williams, president and CEO, said in a statement. Northpointe became an approved seller and servicer for Freddie Mac in 2013, Fannie Mae in 2014 and Ginnie Mae in 2016.

Lending 374
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Princeton CEO Rich Weidel on the promise vs reality of mortgage tech

Housing Wire

If you go and look at headlines from 2013-2014 ā€” everything was revolution and transformation and technology was going to lower costs. RW: A lot of vendor contracts are just killing mortgage companies right now, because they’re stuck in these multiyear contracts with minimum standards. That model just doesn’t work.

Mortgage 416
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What happens when borrowers have more control of the lending process?

Housing Wire

FormFree Chain is a private, secure provisioned blockchain that is housed in Microsoft Azure Blockchain Service, the cloud provider that has been the home for FormFreeā€™s other systems since 2013. The smart contract presents the borrower’s lending request to the exchange. The ATP is already in the blockchain.ā€.

Lending 408
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Fairway Mortgage to partner with Milwaukee Brewers

Housing Wire

The company has also increased its volume every year from 2013. Several lenders have major sponsorships with Major League Baseball teams, including LoanDepot’s nearly $10 million a year-contract for naming rights of the Miami Marlins’ stadium, now called LoanDepot Park. The company funded $65.8

Mortgage 302
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Rise above the panic, for the housing marketā€™s sake

Housing Wire

compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. When this back and forth was unfolding, mortgage demand rose 2.9% Donā€™t leave it up to them to translate the noise theyā€™ll likely encounter on their voyage.

Retail 368