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Navigating the Lending Landscape Amid Rising Interest Rates Explore the challenges and strategies in the lending landscape amid rising interest rates. Discover how lenders are adapting and educating borrowers.
Lending (1534)
CoreLogic: December Home Prices Rose 4.7%
The CoreLogic Home Price Index and HPI Forecast for December 2018 reported home prices rose on a year-over-year and month-over-month basis. Home prices increased nationally by 4.7 percent year over year from December 2017. On a month-over-month basis, prices increased by 0.1 percent in December 2018. Looking ahead, the CoreLogic HPI Forecast indicates home prices… Read more...
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Black Knight Deploys Big-Data Platform
Black Knight has launched the Rapid Analytics Platform, an interactive virtual analytics lab where users can source and upload data, execute queries, perform complex analytics and train machine-learning models, from a single workspace. A cloud-based platform for working with big data, RAP features a unique, advanced workspace environment offering a dynamic mix of traditional analytics,… Read more...
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Mortgage Credit Availability Rose In January: MBA
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association. The MCAI rose 2.3 percent to 179.0 in January. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to… Read more...
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Seniors Opt to Stay in Homes Longer, Leaving Slim Pickings for Buyers
Seniors who were born after 1931are less likely to sell their homes than were previous generations—and it’s a significant cause of the housing shortage, according to the “February Insight” report from Freddie Mac. The result is around 1.6 million houses weren’t for sale through 2018, representing about one year’s supply of new construction, or more… Read more...
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MBA: Mortgage Apps Dropped 2.5%
Mortgage applications decreased 2.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Feb. 1, 2019. The previous week’s results included an adjustment for the Martin Luther King Jr. Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased… Read more...
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Consolidated Analytics Acquires Carrington Property Services
Consolidated Analytics has acquired Carrington Property Services, bringing the company a step closer to offering a one-stop services solution to clients. The acquisition, which was finalized Feb. 1, 2019. Consolidated Analytics is adding REO asset management, rental management and valuation services for non-performing borrowers to a product line that includes property valuation, loan due diligence,… Read more...
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What FinTech Firm Is KKR’s Largest Holding?
The largest holding in KKR & Co. Inc. portfolio is First Data Corp., the company Fiserv plans to acquire. KKR owns more than $998 million dollars of the stock ,or 10.1 percent of the portfolio, according to the firm’s most recent earnings report. That investment is made through private equity funds the company manages. “Since… Read more...
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Ginnie Mae: Restricts loanDepot’s Use of VA Loans in Securities
Ginnie Mae has restricted loanDepot from including VA loans securities due to what it considered faster than average prepayment speeds. The lender “respectfully disagrees” with the restriction, according to a press release from loanDepot. It is restricted from including VA single family guaranteed loans in Ginnie Mae I or Ginnie Mae II multi-Issuer securities. The… Read more...
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Year-End '18 Performance Metrics Strong: Black Knight
More than a decade since the start of the financial crisis, performance metrics reflect a recovery to their long-term, 2000-2005 pre-recession averages, according to the “Mortgage Monitor Report” from Black Knight. "Across the board, 2018 year-end numbers are good news from a mortgage performance perspective," said Ben Graboske, president of Black Knight's Data & Analytics… Read more...
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Digital Banking Catching on with Consumers
In a sign that consumers are embracing digital banking, more than 72% of consumers reported they felt comfortable syncing their personal finances on their mobile phones. Over 60% of consumers use financial apps for everyday banking, such as viewing account balances, budgeting and tracking expenses, or paying bills and transferring money, according to a survey… Read more...
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