Regardless of the reasons, the one thing that is clear is homeowners who took advantage of the historical low-rate mortgage environment should be prime targets for new home equity acquisitions.
Category: News and Trends
MBA Premier Member Profile: Ascent Software Group LLC
Ascent Software Group LLC provides the Jaro suite of appraisal tools. Ascent brings changes to the valuation process through automation and deep integration to the entire end to end workflow. At Jaro, we build more than tech—We forge connections.
Steve Ferringer of INCENTER LLC on Home Equity Lending
teve Ferringer is Executive Vice President of Enterprise Business Development with INCENTER LLC, Fort Washington, Pa. Incenter helps mortgage bankers optimize processes and improve performance.
FHFA, Ginnie Mae Update Capital, Liquidity, Net Worth Requirements for Seller/Servicers, Issuers
The Federal Housing Finance Agency and Ginnie Mae updated their minimum financial eligibility requirements for seller/servicers and issuers on Wednesday.
MBA: Commercial/Multifamily Borrowing Up 19 Percent Year-Over-Year
Commercial and multifamily mortgage loan originations increased 19 percent in the second quarter compared to the same period last year, the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations reported.
CoreLogic Fraud Risk Index Down 13.5%
CoreLogic, Irvine, Calif., said its National Mortgage Application Fraud Risk Index fell in the second quarter, in part because of changes in its scoring model.
Rise in Foreclosures Sparks Uptick in ‘Zombie’ Properties
ATTOM, Irvine, Calif., said pre-foreclosure properties sitting vacant—“zombie properties”—increased by nearly 2 percent in the third quarter and by more than 2 percent from a year ago.
Single-Family Rent Growth Slows
CoreLogic, Irvine, Calif., said U.S. single-family rent growth slowed in June but remains elevated.
Dealmaker: Gantry Secures $20M For Phoenix Industrial
Gantry, San Francisco, secured $20 million to refinance a 100,000-square-foot flex-industrial building in central Phoenix.
MBA Home For All Pledge Partner: SimpleNexus
SimpleNexus, an nCino Company, is an award-winning developer of mobile-first technology for the modern mortgage lender founded in 2011.