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Mortgage Lenders Rallying Around Directly Sourced Data as a Time Saver
National Mortgage News, Sept. 17, 2018--Bonnie Sinnock (subscription)Accessing a mortgage applicants' data from a direct source goes a long ways toward shortening the origination process, according to 96% of mortgage underwriters responding to a recent CoreLogic survey.
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This is Why Americans Are Losing Confidence in the Housing Market
MarketWatch, Sept. 17, 2018--Taylor White Owning a home, that time-honored life milestone, used to simply be what you did as an adult in America, and for many people home ownership was the ultimate indicator of life success and social status. But times have changed.
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Richard Clarida Sworn in as Vice Chairman of Federal Reserve Board
Wall Street Journal, Sept. 17, 2018--Nick Timiraos (subscription)Clarida will serve as the No. 2 to Fed Chairman Jerome Powell, who administered the oath of office. Mr. Clarida was nominated to a four-year term as vice chairman in April by President Trump, and the Senate confirmed his nomination in August on a 69-26 vote.
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2019 Home Purchase Financing Outlook Cut
Mortgage Daily, Sept. 17, 2018Fannie Mae now says expected business from all U.S. residential lenders is projected to reach a trough in the first quarter of next year, when mortgage originations are anticipated to fall to $338 billion.
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Ginnie’s Jumbo Issuance Sinks to 4-Year Low
Mortgage Daily, Sept. 17, 2018As monthly issuance ascended to the highest level in nine months at Ginnie Mae, jumbo securitizations retreated to a low not seen in nearly four years.
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‘Just a Matter of Time’ Before Amazon, Google Enter Mortgages: loanDepot CEO
National Mortgage News, Sept. 17, 2018--Penny Crossman (subscription)LoanDepot CEO Anthony Hsieh delivered a bracing message to mortgage lenders on Monday--strong new competitors are coming into this market, so they need to expand their offerings.
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Hurricane Florence Creating Housing Shortage for Displaced North Carolinians
Wall Street Journal, Sept. 18, 2018--Laura Kusisto (subscription)Finding temporary housing for thousands of North Carolinians displaced by Hurricane Florence could prove more difficult than it was for those uprooted by other recent U.S. storms and hurricanes.
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CFPB Tries Sweetening Pot for Firms Testing Disclosure Changes
National Mortgage News, Sept. 17, 2018--Kate Berry (subscription)The Consumer Financial Protection Bureau is revamping a program to encourage innovation in consumer disclosures after an earlier effort drew little industry interest.
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