Mortgage Credit Availability Increased Slightly in July
Mortgage credit availability increased slightly in July, rising 0.2% to a score of 103.9 on the Mortgage Bankers Association (MBA) Mortgage Credit Availability Index...
Argyle and LenderLogix Now Integrated
Argyle, a service provider automating income, employment and asset verifications for some of the largest lenders in the U.S., is now integrated with LenderLogix, a...
Informative Research Adds The Work Number Report Indicator to its Suite of Verification Tools
Informative Research has added The Work Number Report Indicator from Equifax to its integrated suite of mortgage credit and verification tools.
The Work Number Report Indicator...
End Ginnie Mae Servicer Advances
BLOG VIEW: The Ginnie Mae Early Buyout program does not need to be modified – it needs to be eliminated.
Ginnie Mae should make principal...
ICE: Cash-Out Refis Surged in Q2
Cash-out refinance activity hit near three-year highs in the second quarter, as homeowners tapped record levels of home equity, according to ICE Mortgage Technology’s...
Clear Capital: Home Prices Up 1.7 Percent Nationally in Q2
U.S. home prices increased 1.7% during the three-month period ended July 31, according to Clear Capital.
Compared with a year ago, home prices are up...
Mortgage Rates Fall to Lowest Level Since April
Mortgage rates continued to fall this week: According to Freddie Mac’s Primary Mortgage Market Survey the average rate for a 30-year dropped to 6.63%...
Westcor Launches Westcor Agency Services
Westcor Land Title Insurance Company has launched Westcor Agency Services, which offers licensed and non-licensed state fulfillment services for both residential and commercial transactions,...
Planet Home Lending Taps Vincent Ortiz as Florida Area Sales Manager
Vincent Ortiz has joined Planet Home Lending as area sales manager for the company’s Southeastern footprint.
Ortiz has nearly 25 years of mortgage industry experience....
Mortgage Applications Increased on Lower Rates as Economic Conditions Weakened
Mortgage application volume increased 3.1% during the week ended August 1, as the average rate for a 30-year, fixed-rate mortgage fell to 6.77%, down...
LenderLogix: Average Pre-Approval Letter Loan Amount Surged Upward in Q2
Mortgage borrowers generated 11.9% more pre-approval letters through LenderLogix's QuickQual pre-approval platform in the second quarter compared with the first quarter, according to the...
Optimal Blue Adds New Feature to PPE That Automates Best Efforts Locks
Secondary marketing software firm Optimal Blue has introduced a “first-of-its-kind automation” that could change how lenders handle best efforts locks.
The new enhancement to the...
SettlementOne Teams With Truv to Launch Comprehensive Asset Verification Solution
SettlementOne, a provider of credit reporting and mortgage verification services, has expanded its partnership with Truv, a provider of real-time income and employment verification...
ATTOM: Share of ‘Equity-Rich’ Homes Increased in Q2
After falling for three consecutive quarters, the share of “equity-rich” homes increased to 47.4% in the second quarter, up from 46.2% in the first...
Why Mortgage Servicers Need a Closed-Loop Payment System Against Evolving Fraud
The digital age, while bringing unparalleled efficiency, has also ushered in an era of increasingly sophisticated financial fraud. For mortgage servicers, who handle vast...
Joseph Gormley Nominated to Serve as President at Ginnie Mae
Joseph Gormley has been nominated to serve as the next president at Ginnie Mae.
Gormley currently serves as Ginnie Mae’s executive vice president and chief...
First American: Home Prices Not Likely to Crash Like They Did in 2008
If you think home prices nationwide are going to decrease significantly in the months to come, you better think again: A report from First...
July Jobs Report ‘Well Below Consensus Estimates’
The U.S. labor market weakened in July, adding only 73,000 jobs, far lower than expected, however the unemployment rate remained flat at 4.2%, according...
Mortgage Rates Remain Stuck in the Same Range
Mortgage rates fell slightly this week, as the average rate for a 30-year decreased to 6.72%, down from 6.74% last week, according to Freddie...
Fed Votes 9-2 to Hold Interest Rates Steady
As was expected, the Federal Open Market Committee on Wednesday voted to keep the fed funds rate at 4.25% to 4.5%, however, two committee...