ACES: Rate of Critical Defects in Mortgage Loans Decreased in Q1
The rate of critical defects in mortgage loans post closing decreased by 3.26% in the first quarter, ending the quarter at an overall rate...
Refis Inexplicably Jumped 13 Percent Despite 30-Year Edging Back Up
Mortgage application volume increased 5.4% during the week ended September 15, as the average rate for a 30-year fixed-rate mortgage increased to 7.31%, up...
NAR: Existing-Home Sales Dipped in August as Mortgage Rates Continued to Rise
Existing-home sales decreased 0.7% in August compared with July, according to the National Association of Realtors (NAR), and were down 15.3% compared with August...
Equifax Eases Verifications with Integration of IRIS Software
Equifax has announced a new integration between The Work Number service and Payroll Relief software from IRIS Software Group. Automated employment and income verifications...
Mortgage Lender Click n’ Close Announces Two Key Hires
Ken Weislak has joined Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, as business...
Survey: Benefits of eClose Technology Not Being Fully Realized
Although the digital transformation of the lending industry is supercharging many processes, some lenders appear not to have a pressing need for speed, especially...
Sandbox Banking, MeridianLink Work to Digitally Transform Lending
Sandbox Banking, a fintech whose banking automation solution, Glyue, connects banking software and systems, data and people, has partnered with MeridianLink Inc., a provider...
Freddie Mac Integrates HomeCoach Tool with IndiSoft’s HomePrep
IndiSoft, a software development and product company based in Columbia, Md., has integrated Freddie Mac’s HomeCoach mortgage-readiness assessment tool for HUD-approved housing counselors (HCAs)...
Oldest City in Georgia Gets New Branch of Silverton Mortgage
Silverton Mortgage, a direct residential mortgage lender headquartered in Atlanta and licensed in 46 states, continues to expand into new markets with the opening...
Instant Offers Speedy AI-Powered Insights on Financial Documents
Ocrolus, a document AI platform that facilitates faster and more accurate lending decisions, has introduced Instant, its fully automated document processing offering, which returns...
ICE, DeltaTerra Join Forces on Climate Risk Analytics Solution
As the threat of climate change takes on greater importance throughout the world, investors are requiring more definitive statistics to make sound decisions. Intercontinental...
Alterra Home Loans Promotes Fernando Ospina to President
Fernando Ospina has been named president of Alterra Home Loans, an independent mortgage bank and a Panorama Mortgage Group company, headquartered in Nevada.
Ospina joined...
Housing Starts Dropped in August as Mortgage Rates Soared
Housing starts dropped in August as mortgage rates hit new highs and affordability eroded for first-time homebuyers.
According to estimates from the U.S. Census Bureau...
Commercial, Multifamily Mortgage Debt Outstanding Rises
According to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, the level of commercial/multifamily mortgage debt outstanding increased by $37.7...
Homebuyers Backed Out of Deals at High Rates in August
Persistent high mortgage rates continued to give homebuyers sticker shock in August, says a new report from Redfin, which shows residential real estate deals...
MBA: Share of Mortgage Loans in Forbearance Drops in August
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey reveals that the total number of loans now in forbearance decreased by six basis points...
Fannie Mae ESR Group: Modest Economic Contraction Likely
As underlying inflation decelerates and the labor market shows signs of cooling, the central question for economists remains whether the economy is headed for...
Perseus Operating Group Acquires ICE Optimal Blue and Empower LOS
Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure, in connection with its acquisition of Black Knight, has completed the sale...
New CCM Loan Application Boosts Ties with Hispanic Homebuyers
Mortgage lenders are increasingly understanding the importance of reaching the large population of exclusively Spanish-speaking borrowers who face multiple barriers to homeownership. CrossCountry Mortgage...
Redfin: Median Monthly Mortgage Payment Hits Record High
As fall approaches, owning a home seems increasingly unobtainable for many prospective buyers. That statement is only underscored by a new report from Redfin,...