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Navigating the Future of Mortgage Lending in an Unpredictable Market Discover how mortgage lenders are adapting to market volatility, embracing digital transformation, and preparing for future trends in the mortgage lending industry.
Lending (1539)
Mountain America Deploys Digital Deposit Account Tool
Mountain America Credit Union has deployed a new digital deposit account tool from Blend. The tool enables the credit union to offer a seamless digital-account opening experience to consumers across desktop and mobile, within existing mortgage or home-equity-lending workflows. Mountain America Credit Union was able to roll-out Blend's deposit account product in one month, with… Read more...
CoreLogic Predicts Home Prices Will Rise 4.7%
Home prices will rise by 4.7 percent on a year-over-year basis between February 2019 and February 2020, , according to the CoreLogic HPI Forecast. On a month-over-month basis, home prices are expected to decrease by 0.5 percent between February 2019 and March 2019. The CoreLogic HPI Forecast is a projection of home prices calculated using… Read more...
Constellation Mortgage Acquires Mortgage Builder
Constellation Mortgage Solutions Inc has acquired Mortgage Builder, a provider of loan origination and servicing software systems. Mortgage Builder provides software to mortgage banks, community banks, credit unions and other financial institutions. In addition to loan origination software, its offerings include, servicing, relationship management, document management and a production portal. [caption id="attachment_11458" align="alignleft" width="147"] Scott… Read more...
Gen Xers Buying Multi-Generational Homes
One in six Gen Xers purchased a multi-generational home, overtaking younger boomers as the generation most likely to do so. Fully 52 percent of those buyers did so because their adult children have either moved back or never left home, according to the National Association of Realtors' 2019 Home Buyer and Seller Generational Trends study,… Read more...
MISMO To Expand Standards for Mobile Devices
MISMO, the mortgage industry's standards organization, is expanding its JavaScript Object Notation initiatives designed for mobile use and some transactions. A new group, known as the JSON Development Workgroup, will create guidelines for implementing JSON in business-to-business and business-to-consumer environments. It will also as well as to develop example JSON reference implementations. “JSON is the… Read more...
Transworld Systems to Acquire Altisource’s Financial Services Business
Transworld Systems Inc., a provider of analytics-driven accounts receivable management, healthcare revenue cycle and loan servicing solutions, has entered into a definitive agreement to purchase the financial subsidiaries of Altisource Portfolio Solutions for $44 million. The acquisition is expected to close before the end of the third quarter and is subject to customary closing conditions… Read more...
Sloan Steps Down as CEO of Wells Fargo
Timothy J. Sloan, has resigned as CEO, president and member of the board at Wells Fargo & Co., due to controversy surrounding a sales practices scandal. On a conference call Thursday, analysts were unsuccessful in their attempts to receive a direct answer to whether regulators had had forced Sloan to resign, or even whether criticism… Read more...
Lower Rates Spurred Big Increase in Refis
Mortgage applications increased 8.9 percent from one week earlier,according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 22. The Market Composite Index, a measure of mortgage loan application volume, increased 8.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index… Read more...
Fannie Mae Names Frater CEO
Fannie Mae has appointed Hugh R. Frater as chief executive officer, with responsibility for setting the vision and strategic direction of the company. In addition to his role as CEO, Frater, who was interim CEO since the fall, remains on the board. [caption id="attachment_11329" align="alignleft" width="149"] Hugh Frater[/caption] "Hugh's deep understanding of the housing and… Read more...
S&P CoreLogic: Rate of Home Price Increases Continues to Decrease
The rate of home price increases across has continued to decrease across the country. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 4.3 percent annual gain in January, down from 4.6% in the previous month. [caption id="attachment_9471" align="alignleft" width="300"] David Blitzer[/caption] The 10-City Composite annual increase came in at 3.2 percent,… Read more...
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