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Lending (1540)

Black Knight: July Prepayment Activity Hits Highest Level Since 2016

Black Knight: July Prepayment Activity Hits Highest Level Since 2016

Thursday, 22 August 2019
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Prepayment activity jumped 26% from June to its highest level in nearly three years and 58% above this time last year as falling interest rates continue to fuel refinance incentive. That's according to Black Knight's “first look,” which is based on its July 2019 month-end mortgage performance statistics derived from its loan-level database representing the… Read more...
Real Estate Startup FlyHomes Raises $141M

Real Estate Startup FlyHomes Raises $141M

Thursday, 22 August 2019
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FlyHomes, a real estate startup with a business model it compares to “a traditional broker with super powers,” has secured a fresh $141 million in debt and equity funding. So reports GeekWire. Read more...
Mutual of Omaha Bank-CIT Deal Leaves Out Mortgage Biz

Mutual of Omaha Bank-CIT Deal Leaves Out Mortgage Biz

Wednesday, 21 August 2019
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CIT Group has announced that it is buying Mutual of Omaha’s banking arm, Mutual of Omaha Bank, but the purchase does not include Mutual of Omaha’s mortgage business, Synergy One Lending. So reports TheStreet. Read more...
SEC Launches Probe of First American Security Lapse: Report

SEC Launches Probe of First American Security Lapse: Report

Tuesday, 20 August 2019
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First American is under investigation by the Securities and Exchange Commission over a cybersecurity lapse on its website that potentially exposed more than 885 million mortgage-related records dating to 2013. So reports cybersecurity blog Krebs on Security, which also broke the news of the data exposure. Read more...
Fannie Mae Predicts Rise in Refinances, Another Fed Rate Cut

Fannie Mae Predicts Rise in Refinances, Another Fed Rate Cut

Monday, 19 August 2019
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A new analysis by Fannie Mae forecasts that refinances will account for 35% of all new mortgages in 2019, up from 29% last year. So reports Yahoo Finance. Read more...
New Whitepaper: Treasury and Mortgage Rates Perspective, August 2019

New Whitepaper: Treasury and Mortgage Rates Perspective, August 2019

Tuesday, 13 August 2019
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Treasury yield plummeted at the beginning of August after a confusing post-meeting press conference by Fed Chairman Powell. That was followed by an escalation in the trade dispute between the U.S. and China. Read more...
Tech Startup Morty Launches First-time Homebuyers Platform

Tech Startup Morty Launches First-time Homebuyers Platform

Thursday, 15 August 2019
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Morty, an online mortgage startup, has announced a new platform for first-time homebuyers. So report TechCrunch and Forbes. Read more...
Zillow Slows Mortgage Division Hiring

Zillow Slows Mortgage Division Hiring

Wednesday, 14 August 2019
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Zillow CEO Rich Barton said in the company’s latest earnings call that it is reducing the pace of hiring for its mortgage lending division. So reports Geekwire. Read more...
Mortgage Applications Surge in Rush to Refinance

Mortgage Applications Surge in Rush to Refinance

Tuesday, 13 August 2019
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Total mortgage application volume climbed 5.3% in the week ended August 2, according to the Mortgage Bankers Association’s data, a 46.5% increase from last year. So reports CNBC. Read more...
Mortgage Rates Tumble Back to Three-year Low

Mortgage Rates Tumble Back to Three-year Low

Monday, 12 August 2019
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The 30-year fixed-rate mortgage averaged 3.60% last week, dropping sharply from 3.75% a week earlier and returning to its lowest since November 2016, said Freddie Mac. So reports the Associated Press. Read more...

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