Friday, December 14, 2018
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Mortgage Cadence’s ELC Now Integrated with Radian MI

Expanding on its recent integrations with other top-tier providers, Mortgage Cadence, an Accenture company, is now integrated Radian’s mortgage insurance (MI)...

Valligent Now Integrated with Veros

Valligent Technologies, offering valuation solutions including AVMs, is now integrated with Veros’ VeroSELECT platform.As such, mortgage lenders using...

Mortgage Applications for New Homes Fell 14% in November

Applications for mortgages for new home purchases fell 14% in November compared with October and were down 11% compared with November 2017, according to...

FHFA Seeks Input on Use of Alternative Credit Score Models

The Federal Housing Finance Agency (FHFA) is back to exploring the use of third-party credit score models to be used by Fannie Mae and...

Mortgage Rates Fell For Second Straight Week

Mortgage rates fell for a second consecutive week, as the average rate for a 30-year dropped to 4.63%, down from 4.75% last week, according...

NAMB Launches Mortgage Origination Platform Built on Calyx

The National Association of Mortgage Brokers (NAMB) has partnered with Calyx Software to launch a new mortgage origination platform for mortgage brokers that covers...

Time to Retire Outdated Manual Underwriting Processes

BLOG VIEW: The introduction of an advanced, automated and comprehensive platform for underwriting a loan is long overdue.In an age when digitization and automation...

First-Time Homebuyers Accounted for 55% of All Purchase Mortgages in Q3

First-time homebuyers made up a larger share of total home sales in the third quarter compared with a year earlier, however, there aren’t enough...

Trump Picks Calabria to Head Federal Housing Finance Agency

President Donald Trump on Tuesday announced his intent to nominate Mark Calabria - who currently serves as chief economist for Vice President Mike Pence...

Valuation Partners Hires Jon Forrester as VP of Valuation Services

Jon Forrester has joined Valuation Partners, a national appraisal management company, as vice president of valuation services.Forrester is a respected appraisal industry leader with...

Mortgage Applications Increased as Rates Moderated

Mortgage application volume increased 1.6% on an adjusted basis for the week ended December 7, according to the Mortgage Bankers Association (MBA).Applications for refinances...

Rate of Home Flipping Down 12% from a Year Ago

About 45,901 U.S. single family homes and condos were flipped in the third quarter, a decrease of 12% compared with the third quarter of...

As Home Price Appreciation Slows, 2.2 Million Still in Negative Equity

Due to rising home prices, most U.S. homeowners have seen their equity increase during the past year.However, home price appreciation has been slowing, which...

Consumer Sentiment Toward Housing Improved Slightly in November

Consumer sentiment toward the housing market increased slightly in November, rising 0.5% to a score of 86.2 on Fannie Mae’s Home Purchase Sentiment Index...

Mortgage Delinquency Rate Fell in September But Impact from Disasters Looms

The national mortgage delinquency rate fell to 4.4% of all loans in September - down 0.6% compared with 5% of all loans September 2017,...

Tappable Equity Falls For First Time Since Housing Recovery Began

Total tappable equity on mortgaged properties decreased in the third quarter - the first drop in nearly a decade - as home prices softened...

Chris Cordisco Joins BB&T Real Estate Funding as Director and SVP

Chris Cordisco has joined BB&T Real Estate Funding (BBTREF), a subsidiary of Grandbridge Real Estate Capital, as a director/senior vice president.Cordisco has nearly 20...

GSEs Sold More than $18 Billion in NPLs in First Half of 2018

Government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac sold 98,061 non-performing loans (NPLs) with a total unpaid principal balance (UPB) of $18.7 billion in...

Job Growth Slowed in November, But Wages Increased

U.S. job growth moderated in November, with non-farm payrolls coming in at about 155,000 for the month - down from the 190,000 that analysts...

Senate Approves Kathy Kraninger as Director of BCFP

By a narrow margin, the Senate on Thursday approved Kathleen Kraninger as the next director at the Bureau of Consumer and Financial Protection.Kraninger will...