Equifax Updates Tri-Merge Credit Report With Trended Credit Data
Equifax Inc. is updating its tri-merge credit report with trended credit data - the most significant update for the report in more than 30...
Fannie Mae Releases DU Version 10.0, With Support For Trended Credit Data
Version 10.0 of Fannie Mae's Desktop Underwriter (DU), with support for trended credit data, is now out of its wrapper.
The inclusion of support for trended...
Hispanic Market Represents Huge Opportunity For Mortgage Lenders
The question is, what can they do to tap into it more?
Two Lenders Settle Allegations They Improperly Underwrote FHA-Backed Loans
Salt Lake City-based mortgage lenders Primary Residential Mortgage Inc. (PRMI) and SecurityNational Mortgage Co. have agreed to pay $5 million and $4.25 million, respectively,...
Black Knight: Borrowers Drawing Out More Equity, But Nothing Like 2005
Borrowers are drawing more equity out of their homes as home prices rise and mortgage interest rates fall; however, they are not doing so...
IBM Acquiring Promontory Financial Group, Creating ‘Watson Financial Services’
IBM plans to build a robo advisor for regulatory compliance by combining Promontory's expertise with the cognitive capabilities of Watson.
U.S. Home Prices Now Within 0.6% Of Peak Set In July 2006
U.S. home prices increased 0.7% on an unadjusted basis in July compared with June and increased 5.1% compared with July 2015, according to the S&P...
MBA Introduces Proposed Successor To HAMP
The Mortgage Bankers Association (MBA) has introduced its proposed successor program to the Home Affordable Modification Program (HAMP), which is scheduled to sunset on...
Freddie Mac Continues To Innovate Its CRT Program
The launch of the new program coincides with a general trend among the GSEs to broaden the range of investors they target with their first-loss and mezzanine CRT opportunities.
Refinance Share Of Mortgage Activity Jumped To 43% In August
The refinance share of total mortgage activity increased to 43% in August - up considerably from 37% in July, according to Ellie Mae's Origination...
Fed Says The Case For An Increase Has Strengthened
"The case for an increase in the federal funds rate has strengthened," the Federal Open Market Committee (FOMC) declared in a statement on Wednesday,...
New Mortgage Program Targets The Underserved
The program is geared toward self-employed workers and seasonal employees who might not have the same level of documentation for income and assets that traditional, full-time workers have when applying for a mortgage.
Doug Duncan: Despite Low Rates, Refi Share To Reach Only 42% In 2016
The share of consumers who expect home prices to go up in the next 12 months decreased six percentage points in August compared with...
Three Keys To Origination Success
BLOG VIEW: Having worked with hundreds of successful retail branch managers over the last 20 years, I am often asked what the common traits...
CoreLogic: Completed Foreclosures Decreased 6.8% In July
There were about 34,000 completed foreclosures in July - a decrease of 6.8% compared with about 36,000 in June and a decrease of 16.5%...
Bubble Trouble Once The Rate Gravy Train Comes To A Halt?
Ask speculators who experienced the Lehman meltdown and they will tell you that there are certain signs they wish they hadn’t missed.
New Mortgage Loan Defect Report Shows That TRID Is A Major Source Of Defects
A new report from ARMCO, ACES Risk Management shows that the TRID rule significantly boosted the number of loan defects in the first quarter.
First American To Acquire RedVision Systems
"RedVision’s data, technology and services complement First American’s existing title search and title evidence production."
Mortgage Lender Profits Increased In Q2, But Servicers Didn’t Do So Well
Mortgage lenders saw an average profit of about $1,686 per loan in the second quarter - up from a reported gain of $825 in...
Pending Home Sales Increased 1.3% In July To Reach Highest Level In 10 Years
Currently, NAR is forecasting that existing-home sales this year will reach 5.38 million, a 2.8% increase from 2015.