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CMG Unveils Creative Down-Payment Strategy for Borrowers

CMG Unveils Creative Down-Payment Strategy for Borrowers

Thursday, 13 December 2018
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[caption id="attachment_8430" align="alignleft" width="250"] George: UpIt makes homes more affordable for consumers[/caption] CMG Financial, a privately-held mortgage banking organization, has launched the UpIt feature for its digital-down-payment platform, HomeFundIt. In addition to crowdfunding with HomeFundIt, home buyers can now grow their down payment when they, or a participant in their network, shops at participating UpIt… Read more...
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NAMB, Calyx Create Seamless Data Exchange for Brokers

NAMB, Calyx Create Seamless Data Exchange for Brokers

Wednesday, 12 December 2018
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The National Association of Mortgage brokers is launching NAMB All-In, an open platform that will be available to members at no cost. It’s slated to go live on Jan. 1, 2019. “We are thrilled to announce this new tool and are eager to watch our members gravitate to NAMB All-In to take advantage of the… Read more...
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Genworth: First-Timers Outperform Broader Market

Genworth: First-Timers Outperform Broader Market

Wednesday, 12 December 2018
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Despite the cross currents of rising interest rates and home prices, first-time homebuyers have outperformed the broader market. They recorded their best first nine months in 13 years and showed the current housing cycle's fundamentals remain strong despite a broader slowdown in activity, according to the First-Time Homebuyer Market Report from Genworth Mortgage Insurance. At… Read more...
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Ellie Mae Adds Floify to Its Platform

Ellie Mae Adds Floify to Its Platform

Tuesday, 11 December 2018
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Floify’s platform is now available for use with Ellie Mae’s Encompass digital mortgage solution. The integration provides lenders with access to Encompass directly through Floify, with the aim of driving loan origination efficiency. By using the Encompass integration with Floify, loan originators can process borrower loan applications, securely send and receive supporting documentation, automatically deploy… Read more...
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Home Price Perception Index Holding Steady

Home Price Perception Index Holding Steady

Tuesday, 11 December 2018
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The difference between owners' estimates of home values and appraisal values increased slightly in November across the U.S. Appraised values were an average of 0.36 percent lower than what homeowners expected, according to Quicken Loans' National Home Price Perception Index. The index represents the difference between appraisers' and homeowners' opinions of home values. The index… Read more...
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Princeton Mortgage, Finicity Digitize Verifications

Princeton Mortgage, Finicity Digitize Verifications

Sunday, 09 December 2018
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Princeton Mortgage is working with Finicity to automate borrower asset verification for lenders. The aim is to provide Princeton Mortgage loan officers and borrowers with a faster, simpler loan origination experience that reduces both paper and number of days required to close loans. Princeton Mortgage’s digital mortgage platform, SnapApp, will leverage Finicity’s verification of assets… Read more...
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Stop! Think About This Daily

Stop! Think About This Daily

Monday, 10 December 2018
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[caption id="attachment_7900" align="alignleft" width="300"] Brian Sacks[/caption]   By Brian Sacks This is the time of year, we are all making our plans for the upcoming 12 months. Most of us simply hope that everything will be ok? We hope rates will stay low. We hope the real -estate market will be active. We hope agents… Read more...
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CFPB Alleges Village Capital Misled Veterans

CFPB Alleges Village Capital Misled Veterans

Thursday, 06 December 2018
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The Bureau of Consumer Financial Protection filed a complaint in federal court that alleges Village Capital & Investment LLC, a non-bank mortgage company headquartered in Henderson, Nev., misled veterans by overstating the benefits of refinancing their mortgages. The case was filed in the United States District Court District of Nevada on Dec. 4. Village Capital… Read more...
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FinTech Firm Acquires North American Title

FinTech Firm Acquires North American Title

Friday, 07 December 2018
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States Title Inc. is acquiring the underwriting operations and retail title business of North American Title Group. The deal, which is expected to close in January, assuming regulatory approval in California and Arizona is obtained by year end, calls for States Title to acquire NATG's underwriter, North American Title Insurance Co., and a majority position… Read more...
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Credit Availability Loosening (Slightly)

Credit Availability Loosening (Slightly)

Thursday, 06 December 2018
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  The Mortgage Credit Availability Index increased 1.1 percent to 188.8 in November, signaling that credit was loosened last month. “The supply of credit continues to drift higher, driven once again by growth in the conventional credit space, while credit supply in government loans was essentially unchanged from the previous month,” said Joel Kan, associate… Read more...
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