The Labor Department yesterday reported a record 6.648 million Americans filed initial unemployment insurance claims last week, smashing the previous record set the previous week.
Category: News and Trends
First American: Fraud Risk Continues to Drop
Today’s housing market benefits from new technology and policy guardrails against fraud and defect risk, innovations that will serve the industry well in the uncertain days ahead, said Mark Fleming, Chief Economist with First American Financial Corp. Santa Ana, Calif.
Ellie Mae: Older Millennials Drive February Refinance Surge
Older Millennials—and yes, there is such a thing—took advantage of near record-low interest to spark a surge in refinancings, according to the Millennial Tracker report from Ellie Mae, Pleasanton, Calif.
ATTOM: February Foreclosure Activity at Record Low
ATTOM Data Solutions, Irvine, Calif., reported 48,004 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in February, the lowest number of total foreclosure filings recorded it began tracking in April 2005.
MBA Tech All-Star Rick Triola: The Crusade for Remote Online Notarization
One of the most remarkable mortgage technology developments in the past couple of years has been emergence of Remote Online Notarization as standard operating procedure. And the industry has Rick Triola to thank for that.
Industry Briefs
CoreLogic, Irvine, Calif., launched its COVID-19 Housing Market Resource Center. This publicly accessible insights hub that shares data and insights from CoreLogic economists, scientists and other senior management executives related to the spread of the coronavirus and impact on the housing economy.
Joe Langner: HECMs Shield Seniors from Investment Sequence Risk in Turbulent Times
eniors are being especially hard hit by the health and economic impacts of the COVID-19 pandemic. Compounding worries of being among the population’s most vulnerable to the disease is the prospect of premature retirement portfolio depletion due to sequence of returns risk (sequence risk) in a volatile market.
MBA 2020 Tech All-Star Julie Felts: Driving Force Behind Amrock’s eClosing Domination
Like many homebuyers, Julie Felts and her husband did not have a positive experience at the closing table. With mounds of paperwork and a seller in tears sitting just across from them, the close was nightmarishly long, inconvenient, stressful and emotionally draining.
MBA 2020 Tech All-Star Howard Botts: Meet the Wizard of ‘Weather Forensics’
Howard Botts could be in Los Angeles and tell you within 15 minutes of a tornado touching down in the Midwest, if any, properties sustained damage and the severity of the damage. He’s not psychic; he’s scientific.
MBA 2020 Tech All-Star Jane Mason: Bringing Clarity to Chaos
On the website of Clarifire, a Software-as-a-Service company specializing in workflow automation in multiple industries, particularly mortgage servicing, the company declares its vision: “To transform chaos into clarity.” And that is a philosophy perfectly embodied by MBA 2020 Tech All-Star Jane Mason, CEO and founder of St. Petersburg, Fla.-based Clarifire.