Fitch: Two-year run of home price growth is over

Fitch: Two-year run of home price growth is over

“Several markets are still overvalued”

Fannie Mae will buy 97% LTV mortgages

Credit improvements lead to mortgage product

MBA leaders challenge federal regulators to take action

MBA: It's time for the penalty phase to end
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The Ticker

Allstate Appraisal and Bradford Technologies launch valuation tool

Valuation Express targets valuations for HELOCs, seconds and REOs
Ben Lane
"The market needs alternatives that provide the strength and accuracy of an appraiser-driven valuation but without the time and expense of a full appraisal,” said Steven Albert, president of Allstate Appraisal. “The Valuation Express report provides the right balance of quality and expertise of the local appraiser at the price points lenders require."
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IMA selling $46.1 million whole loan and REO portfolio

Seller has “very strong financials”
Ben Lane
There are 210 loans total in the portfolio, with an average loan size of $216,367. The loans carry a weighted average seasoning of 75.2 months and a weighted average interest rate of 3.89%.
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Fannie Mae to make proprietary appraisal tool available to lenders

Lenders can use Collateral Underwriter in 2015
Ben Lane
Beginning in early 2015, Fannie will make Collateral Underwriter available to lenders as part of its industry tools package, which also includes Desktop Underwriter and Early Check.
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CoesterVMS integrates with Mercury Vendor Management Portal

Simplifies appraisal process
Brena Swanson
CoesterVMS, an appraisal management and technology provider, has integrated its Cloud Control appraisal management service into a la mode’s Mercury Vendor Management Portal, simplifying the appraisal process for users.
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Churchill Mortgage's purchase volume surges 49%

Purchases claim larger production volume
Brena Swanson
Churchill Mortgage experienced an increase in homebuyer demand, recording a 49% year-over-year growth in its purchase volume from April to September.
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California foreclosures hit lowest level in eight years

Keeps heading down
Brena Swanson
Lending institutions initiated formal foreclosure proceedings last quarter on the lowest number of California homes in more than eight years. Will it last?
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SunTrust’s earnings more than triple

Revenue, loan portfolio grow
Brena Swanson
SunTrust Banks’ third-quarter profit more than tripled as its revenue and loan portfolio grew, beating analyst estimates.
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Pavaso event at MBA conference features former Miss America

Gathers lenders for a night of industry discussion
Brena Swanson
Pavaso is hosting an exclusive event Monday, Oct. 20 at MBA’s annual convention in Las Vegas, with special guest Nicole Johnson, Miss America 1999, who will share insights of overcoming change and adversity with Mark McElroy, CEO and president of Pavaso.
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Ditech rolls out two new product features

Expands correspondent lending services
Brena Swanson
Ditech Mortgage Corp’s correspondent lending division announced two new features of its crimson jumbo product: non-warrantable condos and condotels that will be launched followed this year’s Mortgage Bankers Association Annual Convention & Expo.
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Morgan Stanley profits surge 83%

Beats analyst estimates
Brena Swanson
Morgan Stanley’s third-quarter profits surged 83% driven by broad-based strength across trading, investment banking and wealth management.
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