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    In a move that is one of the first of its kind for the industry, Mercury Network, an appraisal management system, announced it acquired Platinum Data Solutions, a QC technology company. In light of the changes, HousingWire talked with Will Clemens, CEO of Mercury Network, and Phil Huff, CEO of Platinum Data, to see how the change fits perfectly into both of the companies.

Items Tagged with 'Mortgage Bankers Association'

ARTICLES

MBA: Mortgage applications post quiet week

Applications slightly dip
Mortgage applications recorded another quiet week despite record low-interest rates and it being one of the busiest housing seasons of the year. And this is only the latest report in a series of up and application reports from the MBA.
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Housing industry's biggest trade groups push FHA to reconsider PACE rules

Concerned about energy improvement loans being given super priority status
Last month, the Department of Housing and Urban Development and the Federal Housing Administration announced that the FHA will soon begin insuring mortgages that also carry liens created by energy retrofit programs, as long as the energy lien remains subordinate to the mortgage. But the fine print of the new rules has the housing industry's largest trade groups concerned.
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MBA: Mortgage applications swing back down

Refinance apps stopped pushing up demand
Mortgage applications continue to swing up and down, falling 4% from one week earlier. The news comes after last week’s rise, primarily driven by refinance applications. The week before that, however, also posted a decline.
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MBA: The most important factor for lenders in the TRID proposed changes

Responds to CFPB open-comment period
Pending a complete government shift in housing regulation, the industry is left to implement the Consumer Financial Protection Bureau’s Know Before You Owe mortgage disclosure rule. As one of the biggest voices in the industry, the Mortgage Bankers Association added to the discussion on the importance of the comment period that is now open for the CFPB’s proposed updates to the rule.
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MBA: Refinance rush pushes mortgage applications back up

Demands grows after several weeks of decline
The demand for refinance applications rekindled as applications surged, driving applications as a whole higher. While refinance applications have dropped the last several weeks, they were actually booming about a month ago in the wake of Brexit. Now according to this report, the boom is back.
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[video] MBA CEO: Here's why a new president is pivotal for housing

Now that the housing crisis is over, what will the next president accomplish?
The Democratic and Republican national conventions are officially wrapped. At both conventions, MBA President and CEO Dave Stevens said the Mortgage Bankers Association hosted panels with members of Congress to stress the importance of housing for the next administration. Stevens noted that we’ve spent the last eight years with an administration that dealt with a recession. So what will happen during the next four years?
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Credit availability loosens slightly

MBA revises methodology to reflect new loan program types
After several months of interest rates near record lows, but decreasing credit availability, the mortgage credit availability index finally increased in July. Why? The MBA revised its methodology to better reflect new loan programs.
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MBA: Mortgage applications drop again

Both refinance and purchase applications fall
While the decline isn't as severe as the prior week, mortgage applications still posted a drop from one week earlier. But unlike the last report, the fall in refinance applications didn’t lead the overall dip in applications.
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From HW Magazine

The state of gender equality in housing

How does the industry increase participation by women across the board?
Gender data isn’t always reported; even when it is, there is usually a long lag time, making the information less helpful. As Morgan Stanley noted in publishing its study, “While human resources departments should have ready access to gender-related data, companies either don’t consider this metric meaningful to investors or don’t want to expose themselves, particularly when no requirement exists.”
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