Firms Integrate Tech To Deliver Product Eligibility And Pricing
Velma.com has chosen Optimal Blue as its partner to provide mortgage lenders with accurate, real-time product eligibility and pricing through the Optimal Blue API.
Enterprise...
New Home Lending: ‘More Sustained Activity’ Possible
The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for May 2017 shows mortgage applications for new home purchases increased 15% compared with...
Stearns Debuts New Jumbo Loan Program
Stearns Lending LLC, a provider of residential mortgage lending services, has introduced a new mortgage product to help borrowers secure financing for homes worth...
Mortgage Rates More Or Less Flat Week To Week
Mortgage rates did not move much this past week, as the benchmark 30-year fixed inched lower and remains at the lowest level in seven...
M&T Bank Lauded For CRA Lending Activity
M&T Bank has received an "Outstanding" Community Reinvestment Act (CRA) rating from the New York State Department of Financial Services, representing the highest rating...
Open Mortgage Launches Wholesale Program
Open Mortgage LLC, a provider of traditional and reverse mortgages throughout the U.S., has rolled out a wholesale program for traditional and reverse (HECM)...
MBA Weekly Survey: Mortgage Applications Increase
For the week ending June 9, mortgage applications increased 2.8% relative to the week ending June 2, according to data from the Mortgage Bankers...
Home Price Growth Slows, But Some Regions Buck The Trend
According to recent data from Clear Capital, nationally, quarter-over-quarter home price growth has slowed slightly from 0.9% to 0.8%, but the aggregate measure disguises...
Still A Disconnect Between Home Appraisals And Owners’ Estimates
According to Quicken Loans' latest National Home Price Perception Index (HPPI), home values continue to lag owners' expectations: Appraised values were an average of...
Capsilon Boosting Mortgage Point-Of-Sale Technology
Optimal Blue says it has partnered with Capsilon Corp. to provide a “digital mortgage experience” that ensures accurate, real-time product eligibility and pricing content.
The...
Calyx Integrates Automated Underwriting System For Point Users
Calyx Software, a provider of mortgage software, says LoanScorecard’s Portfolio Underwriter automated underwriting system (AUS) is now available to its Point and PointCentral clients.
Portfolio...
National MI Insurance Rates Available Via Enhanced Integration
Private mortgage insurer National Mortgage Insurance Corp. (National MI) says rate quotes are now instantly available on both standard and affordable mortgage products through...
CoreLogic: Almost 9 Million Borrowers Have Regained Equity
CoreLogic’s first-quarter (Q1) 2017 home equity analysis shows that U.S. homeowners with mortgages (about 63% of all homeowners) have seen their equity increase by...
New Study Analyzes The Prominent ‘Hurdles To Homeownership’
A recent study from Rosen Consulting Group (RCG), "Hurdles to Homeownership: Understanding the Barriers,” contends that despite steadily improving job markets and historically low...
Zillow: Mortgage Payments In Many Large Markets Are ‘Unaffordable’
Zillow recently performed an analysis on home prices, down payments and mortgages, finding that in more than half of the nation's 35 largest markets,...
Freddie Mac: Average 30-Year Fixed Rate Drops
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed mortgage rate has dropped for the fourth consecutive week and has hit...
Goldman Sachs, Balbec Capital Among Latest NPL Sale Winners
Government-sponsored enterprise (GSE) Fannie Mae has announced that MTGLQ Investors (Goldman Sachs), Igloo Series III Trust (Balbec Capital LP) and Rushmore Loan Management Services...
Will Removing Tax Lien And Judgment Data From Credit Reports Increase Risk?
Removing tax liens and civil judgments from credit data will open more credit opportunities for consumers; however, for lenders and servicers, it could mean increased risk.
Castle & Cooke Mortgage Opens New Location In Tennessee
Castle & Cooke Mortgage reports that it has opened a new branch in the Memphis, Tennessee area.
John Brawner, who has 24 years of mortgage...
Report Shows That 68% Of Loan Defects In 2016 Were Related To TRID
More than 68% of loan defects reported in 2016 were related to the TILA-RESPA Integrated Disclosures (TRID) rule, data from mortgage software firm ACES...