Lending

The jury is in: This cycle ends in 2020

Wall Street Journal survey reveals 59% of economists predict a slowdown in 2020
We have been hearing about this for a while now, but the jury is finally in: Most economists predict this up cycle will end in 2020. America may have less than two fat years to make hay while the sun is still shining on the economy.
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Fannie Mae adds former BBVA Compass chairman and CEO to its board of directors

Manuel “Manolo” Sánchez Rodríguez joins GSE’s board
Fannie Mae is adding the former chairman and CEO of BBVA Compass, Manuel “Manolo” Sánchez Rodríguez, to its board of directors, the government-sponsored enterprise announced Monday. Sánchez served as president and CEO of BBVA Compass, a U.S. subsidiary of Banco Bilbao Vizcaya Argentaria, from December 2008 to January 2017.
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New York sues federal government over fintech bank charter plan

NYDFS is taking the government to task over decision to offer bank charters to fintech companies
New York state’s top banking regulator sued the federal government to void its decision to begin offering national bank charters to online lenders and payment companies, saying the decision was unconstitutional and posed a threat to consumers. According to Reuters, Maria Vullo, NYDFS superintendent called the Office of the Comptroller of Currency’s decision to allow fintech companies to obtain bank charters, “lawless, ill-conceived and destabilizing of financial markets.”
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Why are more seniors holding onto mortgage debt?

Study sheds light on factors influencing older homeowners
Fewer older homeowners are paying off their mortgages in retirement, and some are worried the trend may be detrimental to the financial health of the Baby Boomer generation. A working paper from the Center for Retirement Research at Boston College sites three reasons why and aims to assess the lasting impact.
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Adopting HECMs as a "generational lending" strategy

Why LOs need to include reverse mortgages in their product offerings
You help a first-time homebuyer get into that starter house. Then, you help them refinance, and maybe later they turn to you for a HELOC. But then what? Is that it? It shouldn’t be, according to reverse mortgage software provider ReverseVision. There’s one loan left and it may be the last loan a client gets.
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CoreLogic's AutomatIQ Borrower streamlines mortgage workflows

AutomatIQ Borrower is first offering from the AutomatIQ Suite of Digital Mortgage Solutions
CoreLogic recently announced it launched phase one of AutomatIQ Borrower, which is the first offering from the new AutomatIQ Suite of Digital Mortgage Solutions. The new underwriting solution is designed to help lenders streamline their current mortgage workflows and increase underwriter productivity and loan quality.
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HECM mortgage-backed securities data reveals low flow and lots of payoffs

Issuance totals highlight concerns about market health
The latest data on HECM mortgage-backed securities sheds light on issues plaguing the struggling reverse mortgage industry. A report by New View Advisors reveals a massive, record-breaking wave of payoffs and assignments to HUD. Coupled with low origination volume, this could mean HMBS float will continue to decline, raising liquidity concerns for investors.
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Optimal Blue announces integration with HomeScout's National MLS platform

Technology platform permits access to complete MLS inventories
Optimal Blue, a secondary marketing automation platform and 2018 HW Tech100 winner, recently announced its integration with HomeScout’s National MLS platform. The integration enables mutual clients to create direct leads with consumers, generate referrals for real estate partners and more.
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Qualia launches "first" fully integrated notary service

Notary by Qualia provides title and escrow agents simplified notary services
Qualia, a real estate technology company and a 2017 HousingWire Tech 100 winner, recently announced it launched a new platform feature designed to provide title and escrow agents with easy-to-use notary services.
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