Freddie Mac Using FormFree Asset Verification Service for Income Assessment
FormFree’s AccountChek digital asset verification service is supporting a Freddie Mac solution that allows mortgage lenders to assess a prospective home buyer's income using...
CondoTek Promotes Lisa Geloso to Head of Product Development and Customer Success
Lisa Geloso has been promoted to head of product development and customer success CondoTek, a provider of technology and services for condominium and co-op...
Paradatec Hires Kim Weaver as Director, Product Strategy
Kim Weaver has joined Paradatec Inc., a provider of AI-based document classification and data extraction technology for mortgage loan processing, as director, product strategy.
Weaver...
Freddie Mac Chief Economist Explains Rising Mortgage Rates in Last Week
The 30-year fixed-rate mortgage averaged 3.92% with an average 0.8 point for the week ending February 17, 2022, up from last week when it...
Executive Leadership Changes at Black Knight
Joe Nackashi is the new CEO of mortgage software firm Black Knight, as of May 22, the company announced. He was previously president.
Nackashi replaces...
Kyle LeDuc: Finding Success With Millennial Home Buyers
PERSON OF THE WEEK: Research and market trends show that millennials are now hot to buy homes - but mortgage lenders still have a...
Even with Rising Interest Rates, California Housing Market Stayed Strong in January
California's housing market kicked off the new year with a bounce-back in sales from December's four-month low, as housing demand remained strong by pre-pandemic...
Survey Shows Decline in Mortgage Applications for First Full Week of February
Mortgage applications decreased 5.4% on a seasonally adjusted basis from one week earlier, according to the Market Composite Index data from the Mortgage Bankers...
Real Estate Investors Purchased a Record Share of U.S. Houses in 2021
Real estate investors bought a record 18.4% of the homes that were sold in the U.S. during the fourth quarter of 2021, according to...
New American Funding, BaseCap Renew Agreement for Mortgage Loan Platform
Independent mortgage lender New American Funding has signed a three-year renewal to continue using BaseCap Analytics’ Data Quality Manager, a comprehensive, life-of-loan platform used...
MBA Reports a Decline in Credit Availability During January
Mortgage credit availability decreased in January, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...
Lenders: It’s Time to Go Fully Digital
BLOG VIEW: The mortgage industry has been primed for a digital revolution for several years, yet most lenders haven’t taken advantage of the opportunities...
InstaMortgage Integrates Finicity Mortgage Verification Services
InstaMortgage, a tech-driven mortgage lender licensed in 26 states, has adopted technology provided by Finicity, a Mastercard company, to help consumers make smarter financial...
The Importance of Vendor Score-Carding and Reporting for Mortgage Lenders and Title Companies
BLOG VIEW: Vendors play an integral role in any mortgage transaction. It is common for mortgage lenders as well as title agents to work...
30-Year Mortgage Rate Increased Nearly 1 Percentage Point Since Last Year
The results of Freddie Mac’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 3.69% with an average 0.8 point...
First American Names Ken DeGiorgio CEO
Kenneth D. DeGiorgio is the new CEO at First American Financial Corp., replacing Dennis J. Gilmore, who will transition to chairman of the board...
Rising Mortgage Rates May Hamper Home Buyers, Redfin Reports
If mortgage interest rates were to rise to 3.9%, a home buyer with a $2,000 monthly housing budget could afford a $382,250 home, according...
U.S. Market Drop of 8.1 Percent Seen for Mortgage Applications in Weekly Survey
Mortgage applications decreased 8.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
Automated Income and Employment Verification Can Accelerate the Path to Closing
BLOG VIEW: As the housing market moves toward one characterized by rising home prices, increasing interest rates and decreased consumer demand, lenders may feel...
Black Knight: Rising Home Prices Pushed Homeowner Equity Up 35 Percent in 2021
Driven by rising home prices, homeowner equity in the U.S. increased a whopping 35% - or nearly $10 trillion - in 2021, according to...