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Loan mods more than doubled in Q1, narrowing gap with deferrals

National Mortgage
Mortgage Finance
3 years ago

Loan modification numbers at government-sponsored enterprises Fannie Mae and Freddie Mac expanded notably in the first quarter, confirming other recent,.. Read More;

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Black entrepreneurs take aim at racial wealth gap by starting mortgage fintech

National Mortgage
Mortgage Finance
3 years ago

A fintech startup launching this Labor Day is looking to chip away at the racial wealth and homeownership gaps by,.. Read More;

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Mortgage fintech Lower sued over data breach

National Mortgage
Mortgage Finance
3 years ago

A customer whose Social Security number was compromised in a hack at mortgage fintech Lower has filed a class action,.. Read More;

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Refinance apps are 80% below their 2021 level

National Mortgage
Mortgage Finance
3 years ago

Mortgage activity edged up by a fraction over the holiday week, as refinances increased but now sit at just one-fifth,.. Read More;

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Freddie Mac automating rent-based underwriting for single-family loans

National Mortgage
Mortgage Finance
3 years ago

Freddie Mac on Wednesday announced that it’ll make it possible to submit loans for automated underwriting based on 12-months of,.. Read More;

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Govt failing net zero housing test: Climate Change Committee

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The annual 619-page study released to parliament today reviews the UK’s commitment to a 68% cut in greenhouse gas emissions,.. Read More;

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Glenhawk appoints head of mortgage operations and three other senior hires

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The specialist lender has appointed Michael Clifford as commercial director, Simon Lee as head of mortgage operations, Sarah Wade as,.. Read More;

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TAB loan book hits

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The Hertfordshire-based lender hit the new milestone, despite six loans redeeming in May totalling over £7m with the largest being,.. Read More;

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Keystone signs onboarding deal with Phoebus Software

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The agreement, for an undisclosed sum, means that all of the lender’s new completions will be onboarded onto the software,.. Read More;

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First Guaranty cuts 75% of its workforce

National Mortgage
Mortgage Finance
3 years ago

First Guaranty Mortgage Corp. gutted its workforce Friday in one of the largest and swiftest industry layoffs this year, blaming,.. Read More;

post

Five ways the CFPB could rein in Facebook

National Mortgage
Mortgage Finance
3 years ago

Rohit Chopra, the director of the Consumer Financial Protection Bureau, is laying the groundwork to rein in Facebook and other,.. Read More;

post

Prestwick puts $1.6B in mortgage servicing rights up for bid

National Mortgage
Mortgage Finance
3 years ago

A $1.6 billion portfolio of servicing rights with some unusual geographic concentrations and a nearly 2.63% delinquency rate went up,.. Read More;

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