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Emerging Trends in Commercial Lending: A New Era of Opportunities Explore the latest trends in commercial lending, focusing on technology-driven solutions and the rise of sustainable finance. Learn about new opportunities for businesses and lenders.
Lending (1572)
CoreLogic to Enhance AMC; Will Exit LOS, Default Businesses
CoreLogic plans to enhance its appraisal management company services and will exit the loan origination software business and default management related services over the next couple of years in a bid to increase profit margins and enhance long-term organic growth trends. “The actions we are announcing today should further position the company to achieve its… Read more...
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Quicken Re-ups with Black Knight's Servicing Platform
Quicken Loans has signed a contract extension to continue using LoanSphere MSP, Black Knight’s servicing system. “As a company that has been ranked No.1 for client satisfaction in mortgage servicing [for] five years in a row by J.D. Power, it is clear we make our clients’ servicing experience a priority,” said Jay Farner, chief executive… Read more...
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Home Inventory Rises for Three Consecutive Months
After nearly four years of annual declines in inventory, the number of homes for sale has now increased year-over-year for three straight months. That's a bit of good news for home shoppers who face less competition as homes stay on the market for longer. But inventory levels are still well below where they were five… Read more...
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Freddie Mac: Mortgage Rates Moderated, After Dropping Last Week
Mortgage rates have moderated after turning in a significant drop last week, according to the Primary Mortgage Market Survey from Freddie Mac. “The response to the recent decline in mortgage rates is already being felt in the housing market,” said Sam Khater, chief economist for Freddie Mac. After declining for six consecutive months, existing home… Read more...
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Mortgage Applications Drop in Latest MBA Survey
The Mortgage Bankers Association’s Market Composite Index, a measure of mortgage loan application volume, decreased 5.8 percent--on a seasonally adjusted basis for the week ending Dec. 14, 2018, compared with one week earlier. “Despite mortgage rates falling across the board last week to their lowest levels in three months, mortgage applications also declined, as more… Read more...
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Millennials Prefer Homes In These 3 Cities
Millennial’s interest, or lack of interest, in home ownership has been a source of angst for the mortgage industry. Hard data on the subject has been relatively scarce, though that’s changing. For instance, according to a Lending Tree survey, Millennials in Salt Lake City, Minneapolis and Pittsburgh were more likely to be pursuing homeownership than… Read more...
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BuildFax: Single-Family Maintenance, Remodeling Drop in November
The BuildFax Housing Health Report for November found that the year-over-year rate of single-family housing authorizations, maintenance and remodeling have all decreased. This is the first time since 2011 that all three categories have decreased in the same month, pointing to a potential market slowdown on the horizon. The report, which leverages U.S. property condition… Read more...
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Workers Credit Union Joins the LoanStreet Lending Platform
Workers Credit Union has joined the LoanStreet Inc. lending platform, which is designed to offers significant cost savings to credit unions by automating manual processes and providing access to its nationwide network of loan buyers and sellers. “We turned to LoanStreet as an alternative funding source for our fast expanding loan operations. We simply had… Read more...
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Fannie Mae Names Plutzik As New Chair of Its Board
[caption id="attachment_8529" align="alignleft" width="225"] Jonathan Plutzik, new board chair at Fannie Mae[/caption] Fannie Mae named Jonathan Plutzik to succeed Egbert Perry as chair of the board, effective Dec. 12, 2018. Perry will step down on Dec. 19, 2018, following 10 years of service to the board. "I am pleased to announce Jonathan Plutzik as the… Read more...
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ServiceMac Licenses Black Knight MSP to Support Clients
ServiceMac, a provider of sub-servicing and portfolio management services, has selected the Black Knight MSP system to support its clients. It will leverage MSP to deliver a scalable and cost-effective servicing process, with a customer focus that complies with regulations. "We looked at every mortgage servicing platform on the market," said Bob Caruso, president and… Read more...
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