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...
FirstClose Taps Mortgage Industry Veteran Carol Crawford as CMO
Mortgage industry veteran Carol Crawford has joined FirstClose Inc., a provider of data and workflow solutions for mortgage and home equity lenders nationwide, as...
MonitorBase Promotes Lilly Staniforth to Vice President of Business Relations
Lilly Staniforth has been promoted to vice president of business relations at MonitorBase, a mortgage fintech company that monitors prescreened credit information and real-time...
U.S. Economy Added 263K Jobs in September as Unemployment Rate Fell to 3.5 Percent
The U.S. economy added 263,000 jobs in September, just below consensus estimates, while the unemployment rate edged down to 3.5%, which is where it...
Rate Locks Fall Drastically with High Rates, Low Affordability
Black Knight Inc.’s latest Originations Market Monitor report, which looks at mortgage origination data through August month-end, shows that the overall rate lock dollar...
Black Knight Solution Identifies Climate and Natural Hazard Risk for Properties
Black Knight Inc. has launched its new Climate and Natural Hazard Risk Data Solutions Suite to help mortgage industry participants, investors and analysts identify...
Fannie Mae: Housing Sentiments Slip for Seventh Straight Month
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 1.2 points in September to 60.8 - its seventh consecutive monthly decline - amid growing...
Doma Home Equity Financing Solution Quickens Title, Escrow Process for Lenders
Doma Holdings Inc. has launched a home equity financing offering built for lenders, leveraging its Doma Intelligence platform to accelerate the title search for...
Guild Increases Options for First-Time Homebuyers with Updated Mortgage Program
Guild Mortgage, a mortgage lending company originating and servicing residential loans since 1960, has upgraded 3-2-1 Home, its mortgage program designed to provide first-time...
Pennymac TPO Focuses on New Broker Technology with POWER+
PennyMac Financial Services Inc. has launched its POWER+ by Pennymac TPO broker technology platform. Brokers will now have more speed and control over the...