Share of Mortgages in Forbearance Falls as COVID-Related Plans Sunset
The share of mortgage loans in forbearance decreased by 2 basis points to 0.29% of servicers’ portfolio volume as of October 31, according to...
Wells Fargo Using CoreLogic for Tax Processing
CoreLogic reports that it will be providing Wells Fargo Home Lending with real estate tax processing operations and will manage those services for Wells...
Treliant Taps Laura Huntley as a Managing Director
Laura Huntley has joined Treliant, a consultancy serving mortgage originators and servicers, as a managing director in the firm’s regulatory compliance, mortgage and operations...
Federal Home Loan Bank of New York Elects Larry E. Thompson as Chairman
Larry E. Thompson has been elected chairman of the Federal Home Loan Bank of New York for a two-year term that will commence on...
Valligent Introduces ValPROTECT Warranty
Due to increasing market interest in alternative and enhanced property valuation solutions, Valligent, a Veros Software company, has introduced ValPROTECT Warranty, a solution that...
Housing Starts Increased in October as Builders Respond to Strong Demand for New Homes
Housing starts in October were at a seasonally adjusted annual rate of 1.372 million, an increase of 1.9% compared with September but down 4.2%...
ATTOM: Foreclosures Down Month over Month in October
A total of 34,472 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in October, down 6% compared with...
CoreLogic Introduces New Tax Solution for Mortgage Servicers
CoreLogic has introduced DigitalTax Connect, a solution to streamline certain mortgage servicer operations by enabling access to real-time tax data.
The new API suite can...
CUSO Home Lending’s Owner Credit Unions Using Dark Matter Empower LOS
CUSO Home Lending is making Dark Matter’s Empower LOS available to its credit union owners.
Headquartered in Hampden, Maine, CUSO Home Lending is a credit...
NAHB: Home Builder Confidence Continues to Fall on Higher Rates
Home builder confidence in November fell six points to a score of 34 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market...
Mortgage Rates Drop as Inflationary Pressures Recede
Mortgage rates trended down for a third straight week, with the average rate for a 30-year, fixed-rate falling to 7.44%, down from last week...
MBA: Applications for New Home Sales Surged 6 Percent in October
Applications for mortgages for new home purchases surged in October, due mainly to a slight drop in mortgage interest rates that came at the...
Steve Wiese: Lenders Must Focus on Mitigating Bias in the Appraisal Process
PERSON OF THE WEEK: For years it has been widely acknowledged in the appraisal industry that fostering greater diversity in all facets of the...
Home Sales Will Drop 18 Percent This Year, NAR Forecasts
U.S. home sales will decrease 18% this year, due mainly to higher mortgage rates, limited inventory and high home prices, the National Association of...
CaseMax Facilitates Unique Integration for Title Services Corporation
CaseMax’s partnership with Title Services Corporation (TSC), an Iowa-based title product company, has yielded an interesting first-time integration for the CaseMax case management system.
Though...
DocMagic Integrates With Vesta LOS to Deliver Automated Document Generation
DocMagic, a provider of compliant loan document generation, automated regulatory compliance and eMortgage services, and Vesta, a new mortgage loan origination system (LOS) and...
MBA: Mortgage Applications Rise For a Second Straight Week
Mortgage application volume increased for a second straight week, rising 2.8% during the week ended Nov. 10, as mortgage rates continued to dip, according...
Old Republic Sells it MI Business to Arch Capital Group
Old Republic International Corp. has entered into a definitive agreement to sell its mortgage insurance business to Arch Capital Group Ltd.
In this transaction, Arch...
Retirements Usher in Leadership Changes at Fannie Mae
David C. Benson, president of Fannie Mae, and Jeffery Hayward, chief administrative officer, have announced their retirements, leading to leadership changes at the government-sponsored...
MMI Promotes Brian McKray to VP of Product
Brian McKray has been promoted to vice president of product at Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the...