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Lending (1572)

First American Financial to Buy Docutech for $350M

First American Financial to Buy Docutech for $350M

Tuesday, 18 February 2020
Lending
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First American Financial has announced a deal to acquire Docutech, a provider of document, eClose and fulfillment technology for the mortgage industry, for $350 million in cash. Read more...
Refinances Hit 7-year High As Mortgage Rates Stay Down

Refinances Hit 7-year High As Mortgage Rates Stay Down

Wednesday, 19 February 2020
Lending
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Mortgage rates have edged higher but remain near historic lows, driving a surge in refinancing activity. So reports CNBC. Read more...
Ex-Mortgage Employees Get Prison for Fraud

Ex-Mortgage Employees Get Prison for Fraud

Friday, 21 February 2020
Lending
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Two former employees of a California mortgage and real estate company have received federal prison sentences for a mortgage scam going back 15 years. So reports the local Vacaville Reporter. Read more...
Why Today’s Housing Market May Be a Recession Buster: First American

Why Today’s Housing Market May Be a Recession Buster: First American

Friday, 14 February 2020
Lending
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In the third quarter of 2019, the United States reached its longest economic expansion in history, which caused some people to wonder whether we were overdue for a correction. Additionally, global uncertainty resulted in a flight to safety of U.S. Treasury bonds, prompting the dreaded inversion of the yield curve. Read more...
11.3M Have Refi Incentive, $3B in Monthly Savings on the Table: Black Knight

11.3M Have Refi Incentive, $3B in Monthly Savings on the Table: Black Knight

Thursday, 13 February 2020
Lending
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The Freddie Mac 30-year average came in at 3.45% last week, the lowest level in almost 3.5 years and just 14 BPS above all-time lows. Read more...
CFPB Head Refuses to Say Whether Agency Is Needed

CFPB Head Refuses to Say Whether Agency Is Needed

Wednesday, 12 February 2020
Lending
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House Democrats rebuked Kathy Kraninger, the head of the Consumer Financial Protection Bureau, during a committee hearing in which she declined to say whether the agency should exist. Republicans, meanwhile, applauded her gentler regulatory approach. So reports Roll Call. Read more...
Weekly Mortgage Refinance Applications Leap 15%

Weekly Mortgage Refinance Applications Leap 15%

Tuesday, 11 February 2020
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Refinance applications climbed by 15% in the week that ended January 31, 183% higher than a year ago. So reports CNBC. Read more...
Mortgage Rates Drop to Lowest Point Since 2016

Mortgage Rates Drop to Lowest Point Since 2016

Saturday, 08 February 2020
Lending
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Rates for long-term mortgages rates have fallen to their nadir since before the last presidential election. So reports MarketWatch. Read more...
JPMorgan Eyes Going Back Into FHA Loans

JPMorgan Eyes Going Back Into FHA Loans

Saturday, 08 February 2020
Lending
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JPMorgan Chase & Co. is debating whether to offer more Federal Housing Administration-backed loans. So reports Bloomberg, citing sources familiar with the matter. Read more...
Pace of Mortgage Fraud Risk Decline Cooled in December: First American

Pace of Mortgage Fraud Risk Decline Cooled in December: First American

Thursday, 06 February 2020
Lending
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The First American Loan Application Defect Index for December 2019 finds that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 1.5% compared with the previous month. Read more...

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