Mortgage Lenders Should Avoid the ‘Trap’ of Old Technology
BLOG VIEW: As we continue to work through the fall conference season, we’re seeing plenty of messages from people telling us they have something...
Polly PPE Integrated with Mortgage Coach
Mortgage Coach, a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations, is now integrated with Polly, a provider of SaaS...
Lenders One Opens Mortgage Branch Location at Walmart Store in Orlando
Lenders One Cooperative, a national alliance of independent mortgage bankers, banks and credit unions, and managed by a subsidiary of Altisource Portfolio Solutions S.A.,...
Florida Leads with Highest Price Gains in September
CoreLogic’s CoreLogic Home Price Index (HPI) and HPI Forecast show U.S. home price growth continued to relax on a year-over-year basis in September 2022,...
High Rates, Inflation Prompt Homebuyers to Migrate to More Affordable Places
Surging mortgage rates and persistently high home prices are motivating many of the buyers who remain in the market to relocate to more affordable...
Tavant Integration with Experian Drives Mortgage Application Efficiency
Tavant, a Silicon Valley-based provider of digital lending solutions, and Experian, a global information services company, have integrated Experian’s Enhanced Instant Form Fill for...
Waterstone Mortgage Promotes Brian Wesselhoff to CIO
Brian Wesselhoff has been promoted to chief information officer at Waterstone Mortgage.
In his new role as CIO, Wesselhoff will lead Waterstone Mortgage’s many technology...
As Mortgage Rates Continued to Climb, Affordability Fell in September
Homebuyer affordability dropped in September, as the national median payment applied for by applicants increased 5.5% to $1,941 from $1,839 in August. This is...
Pending Home Sales Dropped Over 10 Percent in September, NAR Shows
Pending home sales trailed off for the fourth consecutive month in September, according to the National Association of REALTORS. All four major regions recorded...
Number of Mortgage Applications Declined Again, MBA Reports
Mortgage applications decreased 1.7% on a seasonally adjusted basis from a week ago, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
California Court of Appeals Invalidates Default Interest Provision
Default interest is a hot button for borrowers, lenders, and the courts. Most courts inherently do not like default interest because they see it...
FHFA House Price Index Rose 11.9 Percent from 2021 to 2022
House prices fell nationwide in August, down 0.7% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA...
Ginnie Mae Changes Increase Issuer Liquidity to Strengthen Mortgage Sector
Ginnie Mae is shortening the re-pooling seasoning requirement for re-performing loans from six months to three months and allowing issuers the option to pool...
Restora Wins Bid for Latest Fannie Mae Community Impact Pool
The winning bidder for Fannie Mae’s 20th Community Impact Pool (CIP) of non-performing loans is Restora LLC, which is majority owned by Restorative Neighborhood...
Certain Opportunities Exist for Originations Despite Slowing Housing Market
Low interest rates and high demand for homes propelled mortgage origination activity during the pandemic, only to slow dramatically in 2022 during an environment...
Stew Scott: Technology Helps Lenders Maintain Loan Quality During Volume Spikes
PERSON OF THE WEEK: It is well established that technology and automation can help mortgage lenders process loans faster and reduce operating costs -...
MBA Forecasts 9 Percent Decline in 2023 Mortgage Originations Due to Recession
The Mortgage Bankers Association (MBA) is expecting total mortgage origination volume to decline to $2.05 trillion in 2023 from the $2.26 trillion expected in...
Evolve Mortgage Services, FirstClose Collaborate on Digital eHELOC Solution
Evolve Mortgage Services LLC, a provider of outsourced mortgage solutions and eMortgage technology solutions, is partnering with FirstClose Inc., a fintech provider of data...
Fannie Mae Wraps Up Latest Credit Insurance Risk Transfer Transaction
Fannie Mae has executed its tenth Credit Insurance Risk Transfer (CIRT) transaction of 2022. CIRT 2022-10 transferred $265 million of mortgage credit risk to...
Existing-Home Sales Experienced Eighth Straight Month of Declines in September
Existing-home sales descended in September, the eighth month in a row of declines, according to the National Association of REALTORS. Three out of the...