Ellie Mae: Lenders Eased Standards In September
Banks and other lending institutions continued to relax their lending standards in September, as evidenced by data collected in Ellie Mae's Origination Insight...
MBA: Shutdown Impacted Pending Mortgage Application Volume
Mortgage application volume increased 0.3% for the week ending Oct. 11, on an adjusted basis, compared to the week prior, according to the...
MIC To Lay Off 500 Workers And Stop Issuing VA Loans
Mortgage Investors Corp. (MIC), one of the largest refinancers of home loans for veterans, has reportedly laid off nearly 500 workers, including 256...
SunTrust Settles Mortgage Claims For More Than $1 Billion
SunTrust Banks Inc. said Thursday that it had agreed to settle claims by the U.S. Justice Department and the U.S. Department of Housing...
Embrace Home Loans Launches Correspondent Lending
Middletown, R.I.-based Embrace Home Loans, a direct lender for Fannie Mae and Freddie Mac, an approved Federal Housing Administration and Veterans Affairs lender,...
QuestSoft To Supply Compliance Products For Calyx Customers
QuestSoft, a provider of automated mortgage lending compliance software, has entered into an agreement with Calyx Software to provide QuestSoft's line of compliance...
Data-Vision To Release Electronic Signing Solution
Data-Vision Inc., a provider of Internet lending technologies, will release RemoteSigned, a new electronic signing solution. According to Data-Vision, RemoteSigned will allow documents...
NAR: Without Debt Limit Raise, Disaster May Strike
Defaulting on the nation's federal debt could be disastrous for the U.S. economy and catastrophic for the housing recovery, according to the National...
Cherry Hill Mortgage IPO Completed
Freedom Mortgage Corp. recently closed its initial public offering (IPO) of 6.5 million shares of common stock of its strategic alliance partner, Cherry...
Stonegate Mortgage Raises $180.6 Million Through IPO
Indianapolis-based Stonegate Mortgage Corp. reportedly raised about $180.6 million through its initial public offering on the New York Stock Exchange on Thursday. Fast-growing...
Yellen’s Nomination Had Little Effect On Mortgage Rates
What effect did President Obama's nomination of Janet Yellen as the next Federal Reserve chairman on Wednesday have on mortgage interest rates? Not...
Fannie Finalizes Credit Risk Deal With National MI
Fannie Mae reports that it has finalized an agreement with National Mortgage Insurance Corp. (National MI) on a transaction to provide credit risk...
Obama Nominates Yellen To Succeed Bernanke
It's official: President Barack Obama has nominated Federal Reserve Vice Chair Janet Yellen to replace Chairman Ben Bernanke, whose second term ends on...
CFPB Fines Mortgage Master, Washington Federal For HMDA Violations
The Consumer Financial Protection Bureau (CFPB) has ordered two lenders to pay civil penalties over alleged violations of the Home Mortgage Disclosure Act...
CoreLogic’s Credco 4506-T Direct Now Offers e-Signature For Encompass360
CoreLogic's Credco service now offers e-signature for 4506-T requests on the Encompass360 loan origination platform. The company claims it is the first to...
Freddie Mac Offers Shutdown Work-Arounds
Lenders can continue to deliver mortgages to Freddie Mac even if the borrower is not receiving a paycheck as a result of the...
UPF Services And FormFree Partner To Create New Tool
UPF Services, a provider of real estate solutions, and FormFree, a technology provider, have launched VODChek, a new technology solution. The companies say...
Consumers In Cautionary Holding Pattern Amid Fiscal Policy Debate
Americans tempered their optimism toward the housing market in September, perhaps indicating growing caution surrounding the fiscal policy debate, according to Fannie Mae....
Index Shows Housing Markets Back To Normal In 52 Metros
Housing markets in 52 out of approximately 350 metro areas nationwide have now returned to or exceeded their pre-recession levels of activity, according...
Direct Valuation Solutions Integrates With Encompass360
Direct Valuation Solutions Inc., a provider of appraisal technology connecting lenders and appraisers, has integrated with Ellie Mae's Encompass360 mortgage management solution. According...