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Rise of Green Mortgages: A Sustainable Shift in the Lending Landscape Explore how green mortgages are reshaping the lending landscape with a focus on sustainability. Learn about incentives, government initiatives, and industry adaptations necessary for embracing eco-friendly lending.
Lending (1514)
Black Knight's Software Solutions Revenue Up 7% in Q3
Black Knight Inc. reported that adjusted revenues from its software solutions increased 7% in the third quarter to $243.9 million, from $227.2 million in the same period a year earlier. The origination business rose 8%, while the servicing software business rose 7%. Black Knight delivers software, data and analytics to mortgage, real estate and capital… Read more...
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Ginnie Mae-NAFCU Discuss Housing Finance Reform
Senior officials of the National Association of Federally-Insured Credit Union and Ginnie Mae met this week to discuss housing finance challenges and credit union participation in Ginnie Mae programs—in anticipation of housing reform. The meeting between Dan Berger, president and CEO of NAFCU, and Michael Bright, acting president of Ginnie Mae, also covered the Association's … Read more...
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Stewart’s Title Income Unchanged, Head Count Down 8%
On the strength of a rise in per-file fee income for residential and commercial files, Stewart Information Services Corp. saw its title operating income hold steady. [caption id="attachment_7239" align="alignleft" width="150"] An increase in file fees helped Stewart's financial performance.[/caption] The domestic residential fee per file increased 10% to around $2,200, a result of the shift… Read more...
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Dodge Predicts: Construction Starts Unchanged in 2019
A research report predicts that value of U.S. construction starts will be even next year. Construction starts for 2019 are predicting to be $808 billion, unchanged with the $807 billion estimated for 2018, according to the Dodge Construction Outlook from Dodge Data and Analytics. “Over the past three years, the expansion for the U.S. construction… Read more...
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Investors Infuse Ribbon with Hefty $225M in Capital
Ribbon has raised $225 million, funding the mortgage technology startup’s national expansion. It received the funding from existing investors Bain Capital Ventures, Greylock, NFX and NYCA. Ribbon will be expanding into 10 new markets by the end of 2019 and has already expanded into Charlotte, Cary and Asheville, N.C., and recently into Fort Mill and… Read more...
Columbia Financial Reports Increased Income in Q3
Columbia Financial Inc. reported net income of $10.8 million, or $0.10 per basic and diluted share, for the three months ended Sept. 30, 2018, compared to net income of $1.5 million for the three months ended Sept. 30, 2017. The Sept. 30, 2018 quarterly earnings reflect increased tax expense of $2.2 million as a result… Read more...
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13% Delinquency Spike No Cause for Concern
Mortgage delinquencies reported a double-digit increase,13 percent, but it’s just a temporary blip, and delinquencies will continue to decline. “This is a blip, not a long-term trend. The industry is heading into a seasonal rise in the fall, and a drop in the spring. The increase was not credit driven,” said Andy Walden, director of… Read more...
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Fidelity Reports 3Q Revenue of $2.1B
Fidelity National Financial Inc. has reported total revenue of around $2.1 billion in the third quarter compared with $2.0 billion in the third quarter of 2017. And, over all, the third quarter average title fee per file was $2,623, an 11% increase compared to the third quarter of 2017. Fidelity National provides title insurance and… Read more...
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Wages Up 3.5%, ADP Reports
Wages increased for most workers, and that's good news for the mortgage industry. Wages for U.S. workers grew 3.5 percent over the last year, increasing the average wage level by $0.95 to $27.81 an hour, according to the Workforce Vitality Report from the ADP Research Institute. The growth, accelerating to 3.5 percent annual as of … Read more...
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Lake Michigan Implements Black Knight’s MSP
Lake Michigan Credit Union has completed the implementation of MSP, the loan servicing system from Black Knight. The solution encompasses all aspects of servicing--from loan boarding to when the loan is paid off--for first mortgages and home equity loans and lines of credit. MSP is used to service 34 million active loans and was designed… Read more...
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