Game changer? Quicken Loans takes mortgage lending fully digital

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae continues shifting credit risk to insurers

Completes fifth and sixth Credit Insurance Risk Transfer deals


Freddie Mac: Mortgage rates drift lower

Continue to sit slightly below 4%
Mortgage rates reported little change for the week, with the average 30-year fixed mortgage rate staying just barely below 4%. Freddie Mac Chief Economist Sean Becketti noted that it’s a quiet week leading up to the Thanksgiving holiday.
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MBA: Mortgage applications drop 3.2%

Purchase application loan size reaches new high
After the jump in mortgage applications last week, the Mortgage Bankers Association’s latest survey found that applications changed direction and dropped 3.2%.
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Fannie Mae joins e-document revolution

Partners with DocuSign, will offer e-signatures for several documents
Fannie Mae joins the electronic document revolution. The government-sponsored enterprise announced that it is partnering with DocuSign to provide an "easy, fast, and secure way" to execute agreements with Fannie Mae by allowing electronic signatures on several of its documents.
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MBA adds 27 new members in October

Growth of Mortgage Bankers Association continues
The Mortgage Bankers Association announced that it welcomed 27 new members in the month of October, as it continues to push its membership beyond 2,200 organizations. Here are the MBA's new members.
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CFPB: Complaints against Ocwen are falling

Nonbank showing improvement in consumer complaints
Perhaps constantly being under the microscope of regulators is having a positive impact on Ocwen Financial and its standing with its customers. According to a new report from the Consumer Financial Protection Bureau, complaints about Ocwen dropped by a significant margin in the last year.
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Placester continues to boom with substantial capital raise

$27 million Series C funding more than doubles previous investments
Boston-based Placester, a real estate marketing platform, that has experienced significant growth in 2015, continued its strong year with the announcement that it raised $27 million in a Series C round of funding. Placester’s latest round of funding more than doubles the previous investments in the company, which totaled $23 million.
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Game changer? Quicken Loans takes mortgage lending fully digital

Launches Rocket Mortgage
Quicken Loans now officially offers a fully online mortgage through its new end-to-end online product Rocket Mortgage. The move comes as the industry increases its push for companies to go digital due to regulatory pressure combined with consumer expectations for convenient and efficient service. Is this the latest sign that digital is the new normal?
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