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Freddie Mac Updates Income Assessment Tool for Digital Paystubs

Freddie Mac Updates Income Assessment Tool for Digital Paystubs

Friday, 26 May 2023
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Freddie Mac has revised its automated income assessment tool so that lenders may now use a borrower’s digital paystub data as part of their assessment of a homebuyers’ income paid through direct deposit. So reports DSNews. Read more...
Colonial Savings Shutters Mortgage Origination Unit

Colonial Savings Shutters Mortgage Origination Unit

Friday, 26 May 2023
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Colonial Savings has revealed that it will exit the mortgage origination business as of July 31. So reports NEXT Mortgage News. Read more...
Man Arrested in $525,000 Mortgage Fraud Case

Man Arrested in $525,000 Mortgage Fraud Case

Friday, 26 May 2023
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Authorities have arrested a man accused of scamming investors out of $525,000 in a mortgage fraud scheme. So reports the Daily Voice. Read more...
Getting A Grip On the Housing Affordability Crunch

Getting A Grip On the Housing Affordability Crunch

Monday, 22 May 2023
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A recent study conducted by Lending Tree brought the housing affordability crunch into focus and identified the demographic groups most likely to be impacted. If lenders and LOs are going to effectively serve potential borrowers, understanding the scope of the affordability crisis is an essential part of the puzzle. Read more...
Fintech Startup Maxwell Buys LenderSelect Mortgage Group

Fintech Startup Maxwell Buys LenderSelect Mortgage Group

Monday, 22 May 2023
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Maxwell, which offers a digital mortgage platform tailored to small and midsize mortgage lenders, has purchased LenderSelect Mortgage Group from Blue Ridge Bank. So reports NEXT Mortgage News. Read more...
Grand View Financial’s Sedlar Convicted in $7M Mortgage Scam

Grand View Financial’s Sedlar Convicted in $7M Mortgage Scam

Monday, 22 May 2023
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The former president of mortgage company Grand View Financial, Robert Sedlar, has been found guilty on 100 felony counts for running a $7 million fraudulent scheme across California. So reports the Daily Republic. Read more...
Ransomware Gang Claims Academy Mortgage Cyberattack

Ransomware Gang Claims Academy Mortgage Cyberattack

Monday, 22 May 2023
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Academy Mortgage has joined the list of organizations that the ALPHV/BlackCat ransomware organization claims to have targeted with cyberattacks. So reports The Cyber Express. Read more...
Special Report: How to Navigate the 2023 Non-QM Arena

Special Report: How to Navigate the 2023 Non-QM Arena

Friday, 19 May 2023
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Non-QM lending has snapped back nicely from its pandemic doldrums, with 2022 a particularly robust year for originations earning a four percent share of the total mortgage market. Now, the question is, what do lenders and investors need to be alert for to be able to negotiate this year’s non-QM markets?        … Read more...
National MI and Vesta LOS Are Now Integrated

National MI and Vesta LOS Are Now Integrated

Sunday, 14 May 2023
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National Mortgage Insurance Corp. has integrated with loan origination systems provider Vesta. So reports MortgageOrb. Read more...
Ex-Live Well Financial CFO Avoids Prison Time

Ex-Live Well Financial CFO Avoids Prison Time

Sunday, 14 May 2023
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The former chief financial officer of Live Well Financial, Eric Rohr, has dodged prison time for his role in a massive scam that led to the collapse of the mortgage firm. So reports Richmond BizSense. Read more...

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