Tax Data New Source for Freddie Mac Automated Income Review
Freddie Mac has enhanced its automated income assessment tool to include tax transcripts as a new data source. Lenders will now have another tool...
Residential Loan Investor Invictus Finalizes 50th Securitization
Invictus Capital Partners LP, a Washington, D.C.-based alternative investment management firm, solidified its position as a private credit investor in residential loans by completing...
ReadyPrice Unveils Independent Universal Delivery Portal
Mortgage technology company ReadyPrice has launched an independent universal delivery portal that enables independent mortgage brokers to source competitive loans from multiple lenders, lock...
Freddie Mac Prices About $471 Million Securitization of RPLs
Freddie Mac has priced its first Seasoned Credit Risk Transfer Trust (SCRT) offering of 2023 – a securitization of approximately $471 million including both...
MBA: Commercial Lending to Drop Considerably in 2023
An updated baseline forecast released by the Mortgage Bankers Association (MBA) shows that total commercial and multifamily mortgage borrowing and lending is expected to...
Zillow: Housing Market Stabilizing Yet Still Problematic
After record-breaking speed and price growth in 2021 and 2022, the housing market has largely settled and avoided a dramatic plunge in prices, but...
Interactive Integration Eases Financing for Homebuyers, Lenders
SimpleNexus, an nCino company and developer of a homeownership solution for loan officers, borrowers, real estate agents and settlement agents, is integrating with Finastra’s...
USDA Approves CBC Mortgage Agency to Offer 30-Year Loans
CBC Mortgage Agency (CBCMA), a Native American wholly owned and federally chartered housing finance agency, has been approved by the U.S. Department of Agriculture...
CoreLogic: June Saw U.S. Annual Home Price Growth
The CoreLogic Home Price Index (HPI) and HPI Forecast for June 2023 show that U.S. home prices (including distressed sales) increased by 1.6% year...
Mortgage Clearing Corporation Chooses Black Knight Loan Software
Mortgage Clearing Corporation (MCC), a privately owned, full-service mortgage origination and servicing company based in Oklahoma, has signed a contract for MSP from Black...
MMI Acquires Mortgage CRM Platform Provider Bonzo
Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries, has acquired customer relationship management...
Mortgage Applications Fall in Uncertain Housing Market
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 28, 2023, mortgage applications decreased 3%...
Multifamily Lending Down 1% to $480 Billion Last Year
According to the Mortgage Bankers Association’s (MBA) annual report of the multifamily lending market, in 2022, 2,242 different multifamily lenders provided a total of...
Hassan Rashid: When Adopting AI, Mortgage Lenders Must Consider Both the Benefits and the...
PERSON OF THE WEEK: Artificial intelligence (AI) is poised to further revolutionize the mortgage lending process, which has already been undergoing a transformation with...
Homeowners with Low-Rate Loans Still Holding as Values Hit Record
According to a new survey by Zillow, homeowners with a mortgage interest rate above 5% are nearly twice as likely to say that they...
Fannie Mae GeMS Issuance: $641 Million Multifamily Social DUS REMIC
Fannie Mae priced a $641 million Multifamily Social DUS REMIC under its Fannie Mae Guaranteed Multifamily Structures (Fannie Mae GeMS) program on July 21;...
Starter Homes Barely Affordable for First-Time Buyers
Starter homes are virtually nonexistent and generally unaffordable for first-time buyers in the United States, says Sheharyar Bokhari, senior economist at Redfin. The company's...
U.S. Mortgage Delinquency Rate Plummets to All-Time Low
CoreLogic’s monthly Loan Performance Insights Report for May 2023 showed that most homeowners in the United States seem to be paying their low-rate mortgages...
Redfin: Homeowners Staying Put, Home Prices Still Climbing
A new report from Redfin shows the typical U.S. home sold for roughly $382,000 during the four weeks ending July 23, up 2.6% from...
Economic Woes Hit Customer Happiness with Mortgage Servicers
According to the J.D. Power 2023 U.S. Mortgage Servicer Satisfaction Study, the combination of reduced financial health, an increased rate of mortgage transfers and...