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Time to Retire Outdated Manual Underwriting Processes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...
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...
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...
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...
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...
CoreLogic Rolls Out New AVM Designed to Streamline Mortgage Originations
CoreLogic has introduced a new automated valuation model (AVM) solution designed improve efficiency when conducting property valuations during the mortgage loan origination process.The firm...
Class Appraisal Changing Name to Class Valuation
In an effort to better represent its expanded focus, Class Appraisal, a nationwide provider of real estate asset valuation and appraisal management solutions, is...
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...
