Items Tagged with 'Mortgage'

ARTICLES

  • Freddie Mac: Mortgage rates are virtually stagnant

    Sluggish construction activity deterring growth
    Mortgage rates remained flat this week, likely due to a lack of construction activity, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said mortgage rates moved sideways, primarily because of the mixed bag of economic data released this week.
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  • Housing starts drop 12.3% in June

    Labor and supply holding construction back
    Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. LendingTree Chief Economist Tendayi Kapfidze said although 3-month average building permits are close to the highest level since 2007, labor shortages are weighing on building activity.
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  • MBA: Mortgage applications decrease 2.5%

    Refinance volume stays afloat
    Mortgage applications decreased 2.5% from last week, however, the refinance index increased 2% from the previous week, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
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  • ComplianceEase announces solution integration with Tavant Technologies

    ComplianceEase integrates three solutions in Tavant's VELOX suite
    ComplianceEase announced on Tuesday that its ComplianceAnalyzer, 4506xpress and LicenseManager solutions are now integrated within Tavant Technologies' VELOX product suite. The integrations aim to allow its customers to securely audit loans for regulatory compliance violations, verify borrower income and automatically verify mortgage loan originators.
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  • Finicity, Cre8tech introduce digital lending solution

    Verification of Assets solution integrated into Lender Price Digital Lending platform
    Finicity, a provider of real-time financial data aggregation and insights, recently announced a collaboration with Cre8tech Labs, a provider of technology products for the financial services industry. The company aims to digitally speed up the verification process in for lenders and borrowers.
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  • Freddie Mac: Mortgage rates moderately increase

    Higher wages and better benefits increase home affordability
    Rising employment and increasing wages led to a slight climb in mortgage rates, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says global trade tensions are keeping investors cautious, thus borrowing costs have become more affordable for potential homebuyers.
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  • Pavaso adds remote online notarization feature to eClosing platform

    Feature added to meet growing demand for online notarizations
    This week, mortgage technology provider Pavaso introduced a new remote online notarization tool to its Digital Close eClosing platform to meet the growing demand for remote notarizations. Pavaso's Nancy Pratt said that the tool, known as RON, "is a strong indicator that the mortgage and settlement industries are evolving."
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  • Freddie Mac: ACIS loss coverage reaches $10B

    Second ACIS transaction to cover losses on HARP loans
    On Friday, Freddie Mac announced it obtained a new insurance policy under its Agency Credit Insurance Structure, which will provide a combined maximum limit of up to approximately $294 million of losses on single-family loans made under the Home Affordable Refinance Program.
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  • Waterstone Mortgage opens largest office yet

    Lender opens Southwestern regional office
    Waterstone Mortgage announced it has opened a new Southwestern regional office in Albuquerque, New Mexico. While Waterstone extends its reach, decreasing origination rates are forcing other mortgage companies to downsize.
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  • Joe Cartellone joins BBVA Compass as director of mortgage banking and home equity

    20-year industry vet to take charge of BBVA's U.S. mortgage business
    BBVA Compass appointed Joe Cartellone as its director of mortgage banking and home equity. In his new role, Cartellone will head BBVA Compass’ mortgage and home equity business across the U.S., including mortgage and home equity originations, servicing, secondary marketing and portfolio management.
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