Jacob Passy is a reporter with National Mortgage News, covering breaking news in the residential mortgage industry. Passy has been with SourceMedia since 2015 and previously served as a breaking news reporter for American Banker. His work has appeared in numerous publications including CNBC, NBC News and the Wall Street Journal's Speakeasy blog. He is a graduate of the CUNY Graduate School of Journalism and Tufts University.
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Radius Financial Group worked for years to achieve an end-to-end digital closing process, finally doing so this fall. Here's how the Massachusetts lender got it done.
By Jacob PassyDecember 19 -
The Federal Housing Finance Agency's decision to raise conforming loan limits in 2016 for the first time in a decade is being met with enthusiasm from the mortgage industry, as it should prove to be a positive for future origination volume.
By Jacob PassyNovember 23 -
Fifth Third Bancorp in Cincinnati has expanded its community development pledge to $30 billion.
By Jacob PassyNovember 18 -
Industry forecasts for 2017 mortgage volume assumed a continuation of current housing and economic policies under a Hillary Clinton administration. But with Donald Trump's win, analysts are sorting out what, if any, adjustments are needed to those projections.
By Jacob PassyNovember 11 -
David Stevens, the chief executive and president of the Mortgage Bankers Association, revealed Monday that he has been diagnosed with cancer in prepared remarks at the association's annual conference in Boston.
By Jacob PassyOctober 24 -
Granite Bank in Portsmouth, N.H., has acquired Cousins Home Lending.
By Jacob PassySeptember 29 -
Credit union service organization myCUmortgage has launched a new mortgage servicing operation, providing its members with another option to deal with the payment function.
By Jacob PassySeptember 16 -
Regions Financial Corp. has agreed to pay $52.4 million to settle allegations that it violated the False Claims Act by originating and underwriting mortgages that did not meet Federal Housing Administration requirements.
By Jacob PassySeptember 13 -
Former Mortgage Guaranty Insurance Co. Chairman and Chief Executive William Lacy Jr. died Sunday from respiratory failure. He was 71.
By Jacob PassyAugust 29 -
Waterstone Financial reported a 71% year-over-year jump in net income during the second quarter thanks to growth in its mortgage banking division.
By Jacob PassyJuly 25