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...
FormFree AccountChek Helps Lenders Following Freddie Mac Underwriting Change
Mortgage lenders can now use FormFree’s AccountChek to help qualify more borrowers for home financing as a result of a recently announced Freddie Mac...
Big Purple Dot Launches Mortgage Recruiting Platform with CoreLogic Data
Big Purple Dot, a provider of an ecosystem of mortgage marketing technologies, has tapped CoreLogic, a global property information, analytics and data-enabled solutions provider,...
Market Sees 13 Percent Drop in New Home Mortgage Applications Since Last Year
Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2022 shows mortgage applications for new home purchases decreased 13.2% compared from a...
September Home Sales, Listings Down Significantly Year Over Year
Home sales and listings in September both slumped the most on record with the exception of the early months of the pandemic as rapidly...
How Mortgage Servicers Can Navigate Rising ARMs Successfully
Adjustable-rate mortgages (ARMs) are making a comeback. In 2021, when the average 30-year fixed mortgage rate was 2.65%, there was little demand for ARMs....
MBA Promotes Joel Kan to Vice President, Deputy Chief Economist
Joel Kan has been promoted to vice president, deputy chief economist, at the Mortgage Bankers Association (MBA).
Kan was previously associate vice president of economic...
Vesta, CoreLogic Streamline Originations with Product Integration
Vesta, a loan origination system (LOS) and software-as-a-service company, has integrated with the CoreLogic suite of property information, analytics and hazard risk solutions products...
Freddie Mac Adds Underwriting Capability to Qualify First-Time, Underserved Borrowers
Freddie Mac is increasing homeownership opportunities by including a review of a borrower’s bank account data to identify a history of positive monthly cashflow...
Commercial Mortgage Delinquency Rates Dropped in Q3 2022
Delinquency rates for mortgages backed by commercial and multifamily properties declined through the third quarter of 2022, according to the Mortgage Bankers Association's (MBA)...
Jarod Jones: How Technology Can Empower Mortgage Lenders in a Recessionary Market
PERSON OF THE WEEK: In order for mortgage lenders to thrive in this current recessionary environment, they must be willing to broaden their product...
CSC Joins ePrepare Solution with eClosing System from Black Knight
CSC is integrating its ePrepare electronic recording solution with Expedite Close, Black Knight’s end-to-end electronic closing system – creating a secure and seamless process...
Kings Mortgage Integrates Additional SimpleNexus Solutions
SimpleNexus, an nCino company, has expanded its technology partnership with Kings Mortgage Services. The lender will streamline business operations and enhance its customer experience...
Ginnie Mae MBS Portfolio Finishes Fiscal Year at $2.288 Trillion
Ginnie Mae reports that its mortgage-backed securities (MBS) portfolio outstanding grew for the 15th consecutive month in September, growing to $2.288 trillion, up from...
Truv Adds Insurance Verification Capabilities for Mortgage Lenders
Truv, an income and employment verification provider, has expanded its product suite to include insurance verification for mortgage and auto lenders.
Collecting, recording and verifying...
AnnieMac Adds Snapdocs Platform to Expedite Digital Closing Process
AnnieMac Home Mortgage has selected Snapdocs to scale eClosings as it moves to a digital mortgage process. AnnieMac selected Snapdocs' digital closing platform, as...
Finding Growth with Loan Product Innovation
As the market continues to slow, lenders are finding the need to look beyond the traditional loan products that sold so well during the...
Mortgage Credit Availability Tightened for Seventh Straight Month in September
Mortgage credit availability continued to tightened for a seventh straight month in September, decreasing 5.4% compared with August to a score of 102.5 on...
Fannie Mae Names Winners of Twentieth Non-Performing Loan Sale
The results of Fannie Mae’s twentieth non-performing loan sale transaction included the sale of approximately 5,650 loans totaling $936.9 million in unpaid principal balance...