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)...

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Time to Retire Outdated Manual Underwriting Processes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...

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...

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...

Mortgage Credit Supply Increased in November

Mortgage credit availability increased 1.1% in November to reach a score of 188.8 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).Decreases...

Silver Lining: Mortgage Rates Fell This Week on Market Volatility

After weeks of moderating, mortgage rates decreased this week, with the average rate for a 30-year fixed-rate mortgage falling to 4.75%, down from 4.81%,...

Freddie Mac: Housing Inventory Shortage Will Last For Years to Come

For more than a year now, housing experts and economists have been saying that a lack of inventory is the main obstacle holding home...

Mortgage Applications Jumped, Refi Share Increased as Rates Dipped

Mortgage application volume increased 2.0% on an adjusted basis during the week ended November 30, as the average rate for a 30-year fixed-rate mortgage...

LoanLogics’ LoanHD Platform Now Integrated with Fannie Mae’s EarlyCheck

Mortgage lenders using LoanLogics' LoanHD loan quality management platform now have a simpler path to validate data before delivery to Fannie Mae.That’s because the...

Mortgage Network Hires Beth Vega Wittman to Head Mansfield, Mass., Location

Beth Vega Wittman is now branch manager of Mortgage Network’s Mansfield, Mass., office.Wittman has more than 25 years of mortgage banking experience. Prior to...

Class Appraisal Hires Julie Jones as SVP of Valuation Transformation and Engagement

Julie Jones recently joined Class Appraisal, a nationwide provider of appraisal management solutions to the residential mortgage market, as senior vice president of valuation transformation...

U.S. Home Prices Continued to Rise in October

U.S. home prices increased 0.5% in October compared with September and were up 5.4% compared with October 2017, according to CoreLogic.However, the rate of...

California Wildfires Helped Boost Fraud Risk in Mortgage Applications

The wildfires in the West helped boost the overall risk of defects, fraudulence and misrepresentation in mortgage applications in October, according to First American’s...

Home Point Financial Taps Dan Sheehy as Correspondent Institutions Manager

Dan Sheehy recently joined Home Point Financial Corp., a national mortgage originator and servicer, as correspondent institutions manager.Sheehy has more than 20 years’ experience...

Brokers Should Launch NMLS Renewal Process Well in Advance

BLOG VIEW: Many professionals in the financial sector in the U.S. must get licensed and maintain their operating rights via the Nationwide Multistate Licensing...