Black Knight: Tappable Equity Rises to Record-High $9.1 Trillion

Driven by the red-hot housing market, tappable equity – the amount available to homeowners before reaching a maximum 80% combined loan-to-value ratio – surged nearly 40% from last year to a record $9.1 trillion in the second quarter, said Black Knight, Jacksonville, Fla.

Industry Briefs Aug. 27, 2021: Home Lending Pal Raises $2M

The Mortgage Collaborative, San Diego, announced the TMC Emerging Technology Fund LP led a pre-Series A investment round in Home Lending Pal, a technology-enabled marketplace that focuses on fair lending practices.

Industry Briefs Aug. 23, 2021

Fannie Mae, Washington, D.C., revised its full-year 2021 real GDP growth forecast modestly downward due in part to the expectation that COVID-related disruptions to consumer spending and supply chains will more greatly hinder economic activity in the second half of the year than previously forecast.

Industry Briefs Aug. 17, 2021

The Federal Housing Finance Agency released reports providing the results of the 2020 and 2021 annual stress tests Fannie Mae and Freddie Mac under the Dodd-Frank Act.

Industry Briefs Aug. 6, 2021

CoreLogic, Irvine, Calif., said its analysis of homebuyer migration trends in 2020 found coastal metro areas in Florida such as Lakeland and Tampa ranking highest, as many moved away from large coastal areas such as New York, Los Angeles and San Francisco.

Industry Briefs Aug. 5, 2021

CoreLogic, Irvine, Calif., said its analysis of homebuyer migration trends in 2020 found coastal metro areas in Florida such as Lakeland and Tampa ranking highest, as many moved away from large coastal areas such as New York, Los Angeles and San Francisco.

Industry Briefs July 29, 2021

NotaryCam, Newport Beach, Calif., partnered with RUTH RUHL P.C., a Texas-based law firm, to add security and automation to the firm’s loss mitigation services through remote online notarization.

Industry Briefs July 26, 2021

NotaryCam, Newport Beach, Calif., partnered with RUTH RUHL P.C., a Texas-based law firm, to add security and automation to the firm’s loss mitigation services through remote online notarization.

Black Knight: 1.55 Million Serious Delinquencies Nag Market

Black Knight, Jacksonville, Fla., said the national delinquency rate hit its lowest level since the onset of the pandemic in June and is now back below its pre-Great Recession average. Despite the improvement, more than 1.5 million homeowners remain 90 or more days past due on their mortgages but who are not in foreclosure, still nearly four times pre-pandemic levels.

People in the News July 22, 2021

Evolve Mortgage Services, Frisco, Texas, hired Tim Anderson as executive vice president and director of eMortgage strategy, to oversee further deployment of its digital closing platform.