Wednesday, October 30, 2024

Residential Mortgage

CertifID Releases New eBook Outlining How to Prevent Wire Transfer Fraud

CertifID, which offers solutions for preventing wire transfer fraud, recently released a new ebook, Clear To Close, that spells out the steps real estate...

LenderClose now Integrated with Simplifile

LenderClose is now integrated with Simplifile, which means credit unions and community banks using LenderClose’s platform for mortgage underwriting now have a fast and...

STRATMOR: Mortgage Lenders Prefer ‘Best of Breed’ to ‘All-in-One’

A recent study from STRATMOR Group shows that mortgage lenders prefer the route of integrating “best of breed” applications with their loan origination systems...

MGIC Now Integrated with Blue Sage Digital Lending Platform

Mortgage lenders using Blue Sage’s Digital Lending Platform can now seamlessly order mortgage insurance from Mortgage Guaranty Insurance Corp. (MGIC) without ever leaving the Blue...

Mortgage Rates Continue to Fall as 30-Year Hits 16-Month Low

The average rate for a 30-year fixed-rate mortgage rate dropped below 4% for the first time since January 2018 this past week. For the week...

Mortgage Applications Fall on Trade War Fears

Mortgage application volume fell 3.3% on an adjusted basis during the week ended May 24, as the average rate for a 30-year fixed rate...

Waterstone Mortgage Opens New Location in Durango, Colo.

Waterstone Mortgage Corp. reports that it has opened a new office in Durango, Colo. that will be led by Christal Dye, loan originator. Dye has...

Case-Shiller: Home Price Appreciation Continues to Slow

U.S. home prices increased 0.3% in March - the smallest monthly increase in years - and were up 3.7% compared with March 2018, according...

Mortgage Technology Firm Volly to Hold #summit11 Conference

Volly, a provider of SaaS-based marketing automation, CRM and POS solutions for banks and mortgage companies, is holding its #summit11 conference June 10-12 at...

Mortgage Rates Dipped for a Fourth Straight Week

Mortgage rates decreased for a fourth straight week as the average rate for a 30-year fixed rate mortgage dipped to 4.06%, down from 4.07%...

How Lenders Can Better Reach the Underserved

Has the mortgage industry, in following stricter lending regulations, locked millions of consumers out of the housing marketplace? A study recently released by the Urban...

Mortgage Applications Rebounded as Rates Fell For a Fourth Week

After dipping the previous week, mortgage application volume increased 2.4% on an adjusted basis during the week ended May 17, as the average rate...

Tyler Sawyer: Lenders Must Data Model the ‘Most Likely Borrower’

PERSON OF THE WEEK: Automation of the mortgage application process has become increasingly sophisticated. Lenders today are almost universally deploying advanced online portals where...

Average FICO Score For Closed Mortgages Hit 728 in April

The average FICO score for closed mortgages (all types) increased to 728 in April, the highest it’s been in at least 16 months, according...

Ellie Mae Encompass Investor Connect Now Available For Warehouse Lenders

Ellie Mae’s Encompass Investor Connect is now available for warehouse lenders. That means warehouse banks can now receive the same benefit that many of the...

MCT Introduces New Solution to Automate TBA Trading

Mortgage hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT) has launched a new product that enables more efficient bidding of TBA...

Dori Daganhardt: Data Integrity One of the Mortgage Industry’s Biggest Challenges

PERSON OF THE WEEK: Technology continues to revolutionize the mortgage industry, from origination through servicing through secondary marketing, but along with this revolution has...

Fannie Mae Announces Winning Bidder of Re-Performing Loan Sale

DLJ Mortgage Capital Inc. (Credit Suisse) is the winning bidder on a portfolio of 21,200 re-performing mortgage loans totaling $3.27 billion in unpaid principal...

Mortgage Rates Dipped For a Third Consecutive Week

Mortgage rates decreased for a third straight week as the average rate for a 30-year fixed-rate mortgage fell to 4.07%, down from 4.10% the...

MBA: Applications For New Home Sales Increased 3% in April

Applications for mortgages for new home purchases increased 3% in April compared with March and were up 15.6% compared with April 2018, according to...