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Originating (1372)

Homeowners Have Their Ages in Common

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

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...

Household Debt Rises in Q3

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...

Enotes Integration Completed

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...

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

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...

Alt-Reverse Tool Could Fund Retirement for Baby Boomers

Figure Technologies Inc. has developed a way for baby boomers to convert their home equity into retirement funds. With Figure Home Advantage, their home is sold and leased backed to the seller locking in any gains on the property. "We're building solutions to help Americans cope with this looming retirement issue. With rising interest rates,… Read more...

Prosper Offering HELOCs in 2019

 Prosper, a peer-to-peer lending platform, will inaugurate a new digital Home Equity Line of Credit product in 2019, working with banks to improve the application process and reduce the time from application to closing. Banks will have the opportunity to increase their HELOC business because they will be gaining access to Prosper’s customer base, proprietary… Read more...

MGIC, Ellie Complete Integration

Mortgage Guaranty Insurance Corp. has made its products available through an integration with Ellie Mae’s platform. Customers can place orders for MGIC Rates, Delegated MI, Non-Delegated MI, and Contract Underwriting through Ellie Mae's Total Quality Loan Program. It’s designed to equip customers with the capability to streamline rate quote and order processes through automation monitor… Read more...

LosetheAgent Slashes Agent Commissions

Losetheagent.com has developed a peer-to-peer real estate market, with access to mortgage professionals. The site includes marketing tools that assist the homeowner in selling their property without real estate agents, saving thousands of dollars in commissions, according to the company. All free of charge, the premium program allows sellers to advertise a property or land… Read more...

Americans Believe Housing Prices Cooling

Location might be everything in real estate, but buyer perception isn’t far behind. Consider that seventy-five percent of Americans believe their local housing market is cooling off--among them, 72 percent say they are not surprised, according to results from Valueinsured's Q4 2018 Modern Homebuyer Survey. This shift in market perceptions follows five consecutive quarters where… Read more...

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