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Lending (1534)

Mortgage Delinquencies Dip to Lowest Since 1995

Mortgage Delinquencies Dip to Lowest Since 1995

Wednesday, 20 November 2019
Lending
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The seasonally adjusted delinquency rate for mortgage loans on one- to four-unit residential properties fell to 3.97% of all loans outstanding at the end of the third quarter, the Mortgage Bankers Association has announced, citing its survey results. Read more...
Why the Time May Be Right for New Home Construction to Accelerate: First American

Why the Time May Be Right for New Home Construction to Accelerate: First American

Friday, 15 November 2019
Lending
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Thus far in 2019, the story of the housing market has been a tale of strong housing demand and limited supply. On the demand side, steadily rising house-buying power has fueled greater demand. Falling mortgage rates and rising household income sparked a nearly 12.6% increase in house-buying power year to date through September. Read more...
FHFA Requests Input On GSEs’ UMBS Pooling Practices

FHFA Requests Input On GSEs’ UMBS Pooling Practices

Thursday, 14 November 2019
Lending
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The Federal Housing Finance Agency has announced that it issued a request for input about Fannie Mae’s and Freddie Mac’s pooling practices for forming “To-Be-Announced”-eligible Uniform Mortgage-Backed Securities (UMBS). Read more...
More Homes 'Equity Rich' Than Underwater: ATTOM

More Homes 'Equity Rich' Than Underwater: ATTOM

Tuesday, 12 November 2019
Lending
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U.S. homeowners are more likely to be “equity rich” than underwater. That’s according to a new report by ATTOM Data Solutions. Read more...
BB&T-SunTrust Merger Wins U.S. Antitrust Approval

BB&T-SunTrust Merger Wins U.S. Antitrust Approval

Sunday, 03 November 2019
Lending
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U.S. antitrust authorities gave their blessing to a merger between BB&T and SunTrust Banks, the Justice Department has announced. So reports CNBC. Read more...
Black Knight, PennyMac Sue Each Other Over Business Tactics

Black Knight, PennyMac Sue Each Other Over Business Tactics

Monday, 11 November 2019
Lending
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Two giants of the U.S. mortgage industry, Black Knight and PennyMac, have opened up a legal battle with each other over what each side views as unfair business practices. So reports Newsweek. Read more...
Bill Bodnar of MMG: What Week for the Mortgage Business!

Bill Bodnar of MMG: What Week for the Mortgage Business!

Monday, 04 November 2019
Lending
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Bill Bodnar of the Mortgage Market Guide discusses last week's Fed rate cut, the jobs report that easily beat expectations, revisions to previous jobs numbers, hourly earnings data and how a lot of recent data has poured cold water on a recession talk. Read more...
Mortgage Fraud Risk Reaches Multi-Year Low: First American

Mortgage Fraud Risk Reaches Multi-Year Low: First American

Tuesday, 05 November 2019
Lending
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The First American Loan Application Defect Index for September 2019 finds that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications decreased by 5.5% compared with the previous month. Read more...
Guaranteed Rate, @properties Join Forces for New Mortgage Lender

Guaranteed Rate, @properties Join Forces for New Mortgage Lender

Friday, 08 November 2019
Lending
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Independent mortgage retail company Guaranteed Rate and residential brokerage firm @properties have announced a new joint venture, Proper Rate. So reports Crain’s Chicago Business. Read more...
Docutech Hires Ex-NewRez Exec as Chief Product Officer

Docutech Hires Ex-NewRez Exec as Chief Product Officer

Thursday, 07 November 2019
Lending
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Docutech, a provider of document, eSign, eClose, and print fulfillment technology in the mortgage industry, has named Adam Stern as its chief product officer. Read more...

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