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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)
More Than 1 Million Ocwen Customer Loans Converted to the Black Knight MSP Loan Servicing System
Black Knight, Inc. (NYSE: BKI), a leading provider of integrated software, data and analytics to the mortgage and real estate industries, announced today that Ocwen Financial Corporation has converted more than 1 million customer loans to the Black Knight MSP loan servicing system. MSP offers a single, comprehensive system used by financial institutions to service… Read more...
Mortgage Rates Deliver Surprise Boost to Demand and Supply in 2019, According to First American Real Estate Sentiment Index
First American Financial Corporation (NYSE: FAF) today released First American’s proprietary Real Estate Sentiment Index (RESI) for the second quarter of 2019. The RESI is based on a bi-annual survey of independent title agents and other real estate professionals, providing a unique gauge on the real estate market using the crowd-sourced wisdom and expertise of… Read more...
Pretium to Acquire Deephaven Mortgage from Värde Partners
Pretium and Värde Partners announced that they have entered into a definitive agreement for Pretium to acquire Deephaven Mortgage LLC from Värde Partners. Founded in 2012, Deephaven is a leader in the Non-Qualified Mortgage industry. The company partnered with Värde in 2014 to fund its growth and expansion and, over the past 5 years, has… Read more...
Closing Corp Integrates SmartFees with Wipro Gallagher Solutions
ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, today announced that ithas integrated its SmartFees®service with Wipro Gallagher Solutions (WGS), a Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) company and a leading provider of loan origination software (LOS) solutions. This integration… Read more...
RE/MAX National Housing Report - Inventory up, Home Sales Slightly Higher
May home sales ticked slightly higher year-over-year, ending a 9-month streak of declines, according to the RE/MAX National Housing Report. At the same time, inventory grew for the eighth consecutive month, representing the most units for sale since August 2016 in the report's 54 metro areas. Homes sold quickly, as evident in the Days on… Read more...
Ditech Holding Corporation Signs Purchase Agreements with New Residential Investment Corp. and Mortgage Assets Management, LLC
Ditech Holding Corporation ("Ditech Holding" or, together with its subsidiaries, the "Company") (OTC Pink: DHCP) today announced that it and certain of its subsidiaries have entered into an asset purchase agreement with New Residential Investment Corp. ("New Residential") and a stock and asset purchase agreement with Mortgage Assets Management, LLC and its affiliate (collectively, "Mortgage… Read more...
House Financial Services Committee Offers Rulings on FHA, Flood Insurance and DACA Loan Eligibility
It was a busy week for the House Financial Services Committee who, among other things, passed bills that addressed the cost of FHA loans, countered a recent HUD proposal on DACA borrowers and once again renewed The National Flood Insurance Program. Yesterday, the House Committee on Financial Services overwhelmingly passed U.S. Congresswoman Joyce Beatty’s (OH-03)… Read more...
Being Creative in the Pursuit of Affordable Housing
By Alexander von Hoffman, Harvard Joint Center For Housing Studies Observing how creative practitioners have addressed the knotty problems involved in providing good homes to people who otherwise could not afford them is one of the great pleasures I get from my work as a student of low-income housing. I discuss five of these efforts… Read more...
Merger of Equals Between BB&T and SunTrust Will Create Truist
BB&T Corporation (NYSE: BBT) and SunTrust Banks, Inc., (NYSE: STI) today announced Truist as the name for the combined company to be created through their merger of equals. Truist will be the sixth-largest U.S. bank holding company serving more than 10 million households in the U.S., with a leading presence in many of the most… Read more...
Intercontinental Exchange Completes Acquisition of Simplifile
Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today announced it has completed its acquisition of Simplifile, LC. On May 1, 2019 ICE announced that it would acquire Simplifile for $335 million. The acquisition will not be material to ICE’s 2019 earnings or… Read more...More...
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