Freddie Mac Wraps Up $2.47 Billion SCRT Offering
Freddie Mac has completed its third Seasoned Credit Risk Transfer (SCRT) offering - a rated securitization of approximately $2.47 billion of both guaranteed senior...
The Mortgage Collaborative Adds Strategic Compliance Partners to Network
The Mortgage Collaborative has announced a new partnership with national compliance solutions provider Strategic Compliance Partners (SCP).
SCP focuses on assisting in the development and...
MGIC Insurance Available Through LendingPad LOS
Mortgage Guaranty Insurance Corp. (MGIC), a private mortgage insurer, says its portfolio of products is now available through WEI Technology LLC's loan origination system...
Arch MI, Mortgage Cadence Partner to Enhance LOS Experience
Arch Mortgage Insurance Co. (Arch MI), a provider of private mortgage insurance, and Mortgage Cadence have collaborated to create enhanced integration capabilities for Mortgage...
MBA: New Home Purchases Grew 5.1% Year Over Year
Applications for mortgages for new home purchases in July decreased 12% compared with June and increased 5.1% compared with July 2016, according to the...
UWM Loan Closings: No Wet-Signing Necessary
United Wholesale Mortgage (UWM) has introduced what it says is “the nation's first virtual e-closing experience,” enabling borrowers to fulfill a full mortgage transaction...
Ally Bank Using VLR For Mortgage Portfolio Reviews
Ally Bank has implemented Visionet Systems’ VisiLoanReview (VLR) solution to help facilitate its bulk loan acquisition reviews.
"Visionet's VLR solution has allowed Ally to quickly...
DOJ Settles With PHH
PHH Corp., PHH Mortgage Corp. and PHH Home Loans have settled with the U.S. Department of Justice to settle allegations that they violated the...
GSE’s Home Purchase Sentiment Index Drops A Bit
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 1.5 percentage points in July to 86.8, after matching its all-time high in June.
The company...
Black Knight Debuts Tool For Drilling Down Into Mortgage, Housing Markets
The Data & Analytics division of Black Knight Financial Services has introduced the Black Knight Index Suite, a series of indices designed to provide...
Tech Provider Nets Day 1 Certainty Authorization
SharperLending LLC says its 4506-T tax return verification system has been authorized by Fannie Mae as a Desktop Underwriter validation service provider for the...
Wells Fargo Finally Settles Lawsuit Over Veterans Affairs Loans
Wells Fargo & Co. announced today that the company has agreed to settle a lawsuit that claimed some Veterans Administration (VA) Interest Rate Reduction...
Clear Capital: Southern Metros See Rising Home Price Appreciation
Home price appreciation growth has accelerated quarter-over-quarter and year-over-year in the southern region of the U.S., according to Clear Capital's Home Data Index (HDI)...
Freddie Mac: Mortgage Rates Remain Mostly Unchanged
Mortgage rates held steady for the week ending Aug. 3, with the average rate for a 30-year fixed-rate mortgage (FRM) averaging 3.93%, up just...
Mortgage Credit Availability Inched Upward In July
Mortgage credit availability rose slightly in July, increasing 0.3% to 179.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
A decrease in...
MBA Weekly Survey: Mortgage Applications Fell 2.8%
Mortgage application volume decreased 2.8% on an adjusted basis during the week ended July 28, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
U.S. Home Prices In June Rose 6.7% Year Over Year
U.S. home prices increased year over year by 6.7% from June 2016 to June 2017, and on a month-over-month basis, home prices increased by 1.1%...
NAR: Pending Home Sales Reversed Course In June
After declining for three straight months, pending home sales recovered in June as all major regions, except for the Midwest, saw an increase in...
First American: Defect Risk Increases For Seventh Consecutive Month
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications increased 1.2% in June 2017 as compared with the...
RPM Mortgage Announces New Regional Manager, Loan Advisor In San Diego
RPM Mortgage (RPM), a retail mortgage lender, has added industry veteran Chad Baker to the firm as a regional manager and loan advisor based...