Fed Raises Rates, Three More Hikes Expected in 2018
Citing improving labor market conditions and inflation nearing 2%, the Federal Open Market Committee (FOMC) on Wednesday voted unanimously to raise the Fed Funds...
Digital Due Diligence Beats Challenges of Adhering to the Dodd-Frank Act
Automation and AI will revolutionize the due diligence industry, allowing 100% of all loans to be audited and graded in much shorter periods of time.
After Two Straight Months of Declines, Existing-Home Sales Jumped 3% in February
A big jump in existing sales in the South and West last month helped the housing market recover from a two-month sales slump.
Finicity Now Integrated with Ellie Mae
Finicity’s automated asset verification service is now integrated with Ellie Mae’s Encompass loan origination system (LOS).
That means lenders using Ellie Mae’s LOS have a...
loanDepot Hires Tammy Richards as Chief Operations Officer
Mortgage industry veteran Tammy Richards has joined loanDepot as chief operations officer for enterprise mortgage operations.
Richards has more than 30 years of industry experience,...
U.S. Homeowners Continued to Build Equity in 2017
Due to rising home prices, U.S. homeowners with mortgages (about 63% of all homeowners) saw their total combined equity increase 12.2% - or about...
Mortgage Lenders Have Bleak Outlook in Fannie Mae’s Lender Sentiment Survey
With falling demand from consumers, increased competition from new entrants and shrinking profits, it’s not exactly a great time to be a mortgage lender,...
Report Forecasts Strong Demand For Housing as Millennials Look to Move Out of Parents’...
The millions of millennials who are living at home with their parents or shacking up with roommates will soon want to get married, have...
February Housing Starts Fell 7%
Housing starts fell 7% in February to a seasonally adjusted annual rate of 1.24 million, down from a revised January estimate of 1.33 million,...
AccountChek Now Integrated With Black Knight’s LoanSphere Exchange Digital
FormFree’s AccountChek automated asset verification service is now integrated with Black Knight’s LoanSphere Exchange Digital, a centralized application programming interface (API) marketplace for the...
Quest Advisors Using TRK’s Insight RDM Mortgage QC Audit Platform
Mortgage quality assurance firm Quest Advisors is using TRK Connection’s cloud-based QC audit platform, Insight Risk & Defect Management (Insight RDM), to power its...
Fixed Mortgage Rates Fell for the First Time This Year
Fixed mortgage rates decreased for the first time this year during the week ended March 15, with the average rate for a 30-year fixed-rate...
Michael Kolbrener: POS Platforms are a Gateway to Improving the Mortgage Experience
PERSON OF THE WEEK: Michael Kolbrener is chief technology officer of PromonTech, the Denver-based technology arm of Promontory MortgagePath. This past October, the company...
What Happens If Mortgage Rates Soar?
For the real estate sector, the thought of higher rates is strangely worrisome.
MBA: Purchase Applications Jumped 3%
Mortgage application volume increased 0.9% on an adjusted basis during the week ended March 9, with applications for purchases rising 3% and applications for...
MPF Program Now Using LoanScorecard’s PPE
The Mortgage Partnership Finance (MPF) Program of the Federal Home Loan Bank System is now using LoanScorecard’s Portfolio Producer product and pricing engine (PPE)...
Mortgage Applications For New Home Sales Rose 3.0% in February
Mortgage applications for new home purchases increased 3.0% compared with January and were up 4.6% compared with February 2017, according to the Mortgage Bankers...
Flagstar Bank: The Implications of the New Tax Code
Overall, new caps on the mortgage interest deduction and local and state property tax deductions won't have much of an impact on the housing market - but some segments will be affected more than others.
Richey May Now Offering Cybersecurity Services For Mortgage Companies
Accounting and advisory firm Richey May has launched a cybersecurity services practice to help lenders and servicers protect against the growing risk of online...
Caliber Home Loans Launches New Mobile Platform
National lender Caliber Home Loans has launched a new mobile platform that allows borrowers and other participants in a mortgage transaction to receive real-time...