LenderLogix, Buffalo, N.Y., announced its QuickQual integration is now built leveraging Encompass Developer Connect and available through ICE Mortgage Technology, part of Intercontinental Exchange, Inc.
Category: News and Trends
MBA Weighs In to Support Improving Access to the VA Home Loan Benefit Act
The Mortgage Bankers Association supports modernizing and streamlining the homebuying process for our nation’s veterans, including efforts related to home appraisals, MBA told Members of Congress.
Renting More Affordable than Buying Starter Home in Most Large Cities
Higher mortgage rates are increasingly tipping the housing affordability scale in favor of renting over first-time buying, the National Association of Realtors reported.
CoreLogic: Annual Single-Family Rent Growth Holds Steady at Record High in May
CoreLogic, Irvine, Calif., said annual U.S. single-family rent growth remained at a record high in May, posting a 13.9% increase from May 2021.
Sales Boomerang: Surge in Credit Improvement Alerts Suggests Opportunity for Lenders to Revisit Turndowns
Sharp increases in cash-out, credit-improvement and new-listing alerts quarter-over-quarter point to opportunity for lenders in a contracting mortgage market, reported Sales Boomerang, Owings Mills, Md.
Dealmaker: MCR Closes on $420M Hotel Portfolio Refinancing
MCR, New York, closed on a $420 million refinancing of 30 hotels across the country.
DBRS Morningstar: Solid Credit Performance for Non-QM RMBS
The credit performance of residential mortgage-backed securities backed by non-Qualified Mortgage loans rated by DBRS Morningstar remained steady in the first half of 2022, the ratings firm reported.
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“Improving the process by which appraisals for loans guaranteed by the Department of Veterans Affairs are conducted holds the potential to lower costs for veterans seeking to buy a home and make their offers more attractive in a highly competitive housing market.”
–MBA Senior Vice President Bill Killmer in a letter to Congress supporting H.R. 7735, the Improving Access to the VA Home Loan Benefit Act of 2022.
Existing-Home Sales Fall 5.4% in June
Existing-home sales dropped for the fifth straight month in June, the National Association of Realtors reported Wednesday.
Buyers Gaining Time, Options as Competition Eases
House shoppers are finding more options to choose from, more time to make decisions and even price cuts in some areas, according to Zillow, Seattle.