Nearly one in six prospective homebuyers across different races and ethnicities reported facing some form of discrimination during the homebuying process, according to the National Association of Realtors. Others cited their primary reasons for stalling their home purchase as waiting for mortgage rates and home prices to decline, alongside a lack of available homes within their budget.
Read More »Fannie Mae Survey Predicts Return to Normal Market Conditions
Mortgage lenders are predicting the market will return to some semblance of normal in 2022, at least that’s according to Fannie Mae’s Mortgage Lender Sentiment Survey, which is a quarterly poll of senior lending executives to assess their views and outlook across the mortgage market. Among ...
Read More »Diminishing Access to Credit Possible
Click through to read to read if a return to stricter lending practices could return due to COVID-19.
Read More »Knox Capital Invests in a360inc
With this new capital investment, a360inc plans to accelerate its strategic expansion and improvement of its technology and services in the creditors’ rights market.
Read More »Simplifile Powers E-recording In Nevada
Nevada has become the ninth state in the Simplifile network to implement e-recording statewide.
Read More »Ellie Mae Announces Hall of Fame Winners and Finalists
The Ellie Mae Hall of Fame Awards honors mortgage lenders who have distinguished themselves with their innovative use of Ellie Mae technology.
Read More »Patrick McClain Named FirstClose CFO and COO
FirstClose, a provider of technology solutions for mortgage lenders nationwide, announced the appointment of Patrick McClain as CFO and COO this week.
Read More »Why Are Lenders Loosening Credit Standards?
According to a new survey from Fannie Mae, lenders have loosened their credit standards once again, marking the third straight quarter standards have eased up. Does this make a trend, though? And what’s inspiring lenders to expand the credit box? The survey has some interesting insights.
Read More »Servicers Suffer from Disparate Tech
Out-of-sync technologies are holding businesses back, according to a recent report. Additionally, make it hard to serve the millennial homebuyer, who expects a more seamless, digitized solution when purchasing a home. This is largely because tech solutions in today’s post-crisis, highly-regulated industry are product-specific, which creates a “complex ecosystem made up of siloed disparate systems.”
Read More »Empower Incorporates HMDA Rule, New Tech Integrations
Black Knight Financial Services announced last week the release of LoanSphere Empower 7.0, a new version of its loan origination system (LOS), including updates aimed at compliance with the Consumer Financial Protection Bureau’s (CFPB) Home Mortgage Disclosure Act (HMDA) and enhanced technological integrations.
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