FHFA Amends GSEs’ PSPAs So They Can Continue to Retain Capital
The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) have amended Fannie Mae and Freddie Mac’s Preferred Stock Purchase...
Mortgage Rates Move Up
Mortgage rates moved up significantly this week, with the average rate for a 30-year fixed-rate mortgage at 2.79%, up from 2.65% last week but...
Ryan Wood: CFPB Seeks to Provide ‘Clear Rules of the Road’ with Revisions to...
PERSON OF THE WEEK: The CPFB recently published new rules concerning the Fair Debt Collection Practices Act (FDCPA) - the first in more than...
Mortgage Credit Availability Flat in December
Mortgage credit availability dipped slightly in December, falling 0.1% compared with November to a score of 122.1 on the Mortgage Bankers Association’s (MBA) Mortgage...
MBA: First Week of 2021 Yields ‘Booming Refinance Activity’
For the week ending January 8, mortgage applications increased 16.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA)...
CoreLogic Expects a ‘Reduced Flow of Homes’ to Delinquent Status
CoreLogic’s monthly Loan Performance Insights report for October shows that on a national level, 6.1% of mortgages were in some stage of delinquency (30 days or...
Triserv Can Now Manage Appraisal Orders from ClosingCorp
ClosingCorp says Triserv, a national appraisal management company (AMC), is now able to receive and manage appraisal orders via the ClosingCorp Order Management platform.
The...
BotGenius Aimed at Enhancing United Community Bank’s Middle Office
United Community Bank Inc. has implemented Indecomm Global Services’ BotGenius suite of middle-office automation solutions: a collection of software robots that emulate human computer...
Mortgage Application Fraud Risk Low But on the Rise
The risk of fraudulent information in mortgage applications increased 1.6% in November compared with October, reaching a score of 62 on First American’s Loan...
Enhancements to Black Knight Solution Further Digitize the Closing Table
Black Knight Inc. says it has rolled out new capabilities in the company's Expedite Close digital closing solution that will more easily facilitate fully digital...
MISMO Announces Board of Directors for 2021
MISMO, the subsidiary of the Mortgage Bankers Association (MBA) that focuses on data and other standards for the mortgage industry, has announced its board...
Working Relationships: From Workplace Friction to Seamless Collaboration
BLOG VIEW: Mutually-beneficial working relationships can bolster a company's overall success, affecting everything from productivity to employee retention. However, like all relationships, great workplace...
Ncontracts Acquires Mortgage Compliance Software Firm QuestSoft
QuestSoft Corp., which makes mortgage compliance software, has been acquired by Ncontracts, which provides integrated risk management and compliance software to banks, credit unions,...
CoreLogic Becomes Third-Party Provider for Freddie Mac AIM Tool
CoreLogic has implemented its income calculation and analysis solution through Freddie Mac’s Loan Product Advisor asset and income modeler (AIM) for self-employed solution.
Calculating a self-employed...
Mortgage Rates Start 2021 by Hitting a New Record Low
Mortgage rates hit new record lows as 2021 commenced, with the average rate for a 30-year, fixed-rate mortgage dropping to 2.65%, down from 2.67%...
Jemma Pachiano Promoted to COO at Mid America Mortgage
Jemma Pachiano has been promoted to chief operating officer at Mid America Mortgage Inc., a multi-state, full-service mortgage lender serving consumers and mortgage originators through...
Total Expert Extends Platform to Wholesale Mortgage
Total Expert, which offers an enterprise-grade marketing and customer engagement platform purpose-built for financial services, recently launched Total Expert for Wholesale, a solution geared...
Mortgage Application Activity Kicks Off the New Year Down
According to data from the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending Jan. 1, mortgage applications decreased 4.2 percent from...
Chetan Patel: Navigating the Coming Loss Mitigation Wave
PERSON OF THE WEEK: As the first rounds of forbearance periods come to an end, servicers will be met with rising numbers of borrowers...
November Home Prices Saw Largest Annual Increase Since March 2014
U.S. home prices increased 1.1% in November compared with October and were up 8.2% compared with November 2019, according to CoreLogic’s home price index...
