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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)
Freddie, InCharge Offering Automated Technology to Help Manage Debt
Freddie Mac and InCharge Debt Solutions, a non-profit credit counseling service, are providing a limited number of low- and moderate-income borrowers access to a platform designed to assist them in managing their outstanding loans. EarnUp is an online solution that helps borrowers manage loans, and provides personalized recommendations on how to pay down debts. “The… Read more...
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FHFA House Price Index Increases 0.3 Percent in October, Rates Rose in November
U.S. house prices rose in October, up 0.3 percent from the previous month, according to the Federal Housing Finance Agency seasonally adjusted monthly House Price Index. The previously reported 0.2 percent increase in September remained unchanged. The FHFA monthly HPI is calculated using home sales price information from mortgages sold to, or guaranteed by, Fannie… Read more...
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CoreLogic Launches Alliance Network to Complement Real Estate Platform
CoreLogic has launched the Alliance Network, offering third-party solutions that complement and integrate with the organization’s real estate technology platforms such as Matrix, Realist and Trestle. The Alliance Network is made up of third-party solutions for multiple-listing organizations and real-estate brokers that enhance the use of CoreLogic real estate platforms. “A wide variety of real estate… Read more...
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Fannie, Freddie Approve Acquisition of GMIC
Fannie Mae and Freddie Mac have approved China Oceanwide Holdings Group Co.’s acquisition of Genworth Mortgage Insurance Corp. Also, the Delaware Department of Insurance gave the greenlight for Oceanwide to purchase Genworth Life Insurance Co. Genworth Life Insurance Co. is the insurance subsidiary of Genworth Financial Inc., a Delaware-based corporation. The regulatory approvals are conditional… Read more...
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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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