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Amazon-Ellie Create Partnership

Amazon-Ellie Create Partnership

Monday, 26 November 2018
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Ellie Mae Inc. has decided to move its infrastructure to Amazon Web Services—with the intention of rebuilding its core applications, creating new digital products that support lenders needs for efficiency. Amazon Web Services is a subsidiary of Amazon that provides on-demand cloud computing platforms. Ellie Mae will use AWS services, including computing, storage, database, and… Read more...
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NAR Economist: Time for Fed to Re-Evaluate Monetary Policy

NAR Economist: Time for Fed to Re-Evaluate Monetary Policy

Wednesday, 21 November 2018
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With the cost of home ownership on the rise, it’s time for the Federal Reserve to reconsider its approach to monetary policy. The average commitment rate for a 30-year, conventional, fixed-rate mortgage increased to 4.83 percent in October from 4.63 percent in September, according to Freddie Mac. The average commitment rate for all of 2017… Read more...
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Americans Love Hosting Thanksgiving, Despite Stress, Costs

Americans Love Hosting Thanksgiving, Despite Stress, Costs

Wednesday, 21 November 2018
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Hosting Thanksgiving can be stressful, expensive and time-consuming for hosts, though most of them think it's worth it. Hosts will entertain an average of 11 dinner guests, spend an average of $251.11 on the meal, and buy an average of $83.23 worth of housewares like dishes, serving ware and decorations, according to LendingTree's 2018 Thanksgiving… Read more...
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Regulators Propose Increasing Appraisal Thresholds

Regulators Propose Increasing Appraisal Thresholds

Tuesday, 20 November 2018
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Mortgage regulators have proposed that the threshold for residential real estate transactions requiring an appraisal be raised to $400,000. The Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corp. developed the proposal. They think the increase, from the $250,000 current level set in 1995, could provide relief from the time and… Read more...
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Top-100 Lender Unveils Tech for Top Teams

Top-100 Lender Unveils Tech for Top Teams

Tuesday, 20 November 2018
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Homeside, a national mortgage lender, has launched Rev, a platform designed to deliver an entrepreneurial branch model experience built specifically for top-ranking lending teams. According to the company, the objective of the technology is to increase sales and revenue, complete originations faster—and create more opportunity for the teams. Rev was designed to deliver a tool… Read more...
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Homeowners Have Their Ages in Common

Homeowners Have Their Ages in Common

Sunday, 18 November 2018
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Homeowners have their ages in common. In the largest metropolitan statistical areas , the average age of a homeowner is 54, according to a survey from Lending Tree that relied on Census Bureau Data to complete the rankings. "It's no secret that young and old people gravitate toward different parts of the country," said Tendayi… Read more...
MBA: New Home Purchase Apps Drop

MBA: New Home Purchase Apps Drop

Monday, 19 November 2018
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New home purchases decreased 2.1 percent from a year ago, according to the Mortgage Bankers Association Application Survey for October. The performance in September increased 11 percent compared with September 2018. This change does not include any adjustment for typical seasonal patterns. “While we have seen some monthly swings in new home sales in 2018,… Read more...
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Household Debt Rises in Q3

Household Debt Rises in Q3

Friday, 16 November 2018
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The amount of household debt increased in the third quarter and is now greater than the level consumers held at the bottom of the post-financial crisis. Household debt increased by $219 billion (1.6%) to $13.51 trillion in the third quarter of 2018. Furthermore, overall household debt is 21.2% above the post-financial-crisis trough reached during the… Read more...
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Enotes Integration Completed

Enotes Integration Completed

Friday, 16 November 2018
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eOriginal Inc. and LendingQB have completed an integration that supports the generation, execution and management of eNotes. In October, eOriginal began an eNotes program with Wells Fargo Home Lending and joined with MERSCorp Holdings to offer MERS eNote Solutions. “LendingQB’s work with eOriginal is another milestone in the creation of an open ecosystem for technology… Read more...
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Broeksmit: 1st Timers Better Served, Reverse Mortgages Cause Angst

Broeksmit: 1st Timers Better Served, Reverse Mortgages Cause Angst

Wednesday, 14 November 2018
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The mortgage marketplace is doing a better job of serving once underserved borrowers and has been effective at mitigating risk from that effort, according to a review of The Department of Housing and Urban Development's Annual Report to Congress Regarding the Financial Status of the FHA Mutual Mortgage Insurance Fund. "The continued growth of the… Read more...
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