The Consumer Financial Protection Bureau took action against Nationwide Equities Corp. for sending deceptive loan advertisements to hundreds of thousands of older borrowers.
Tag: ICE Mortgage Technology
ICE: 1Q Sees Significant Reduction in Time to Close
ICE Mortgage Technology, Pleasanton, Calif., said time to close all loans decreased over the first quarter, from 58 days in January to 52 days in March.
Millennials Get Comfortable with Mortgage Process
Reports from ICE Mortgage Technology and Zillow illustrate not only how comfortable they have become with the mortgage process—particularly online—but also in what kind of mortgages they obtain.
Housing Market Roundup
Here’s a quick-hit summary of several housing and housing finance reports released over the past several days:
Industry Briefs Jan. 15, 2021
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will extend several loan origination flexibilities until February 28. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on January 31.
Millennials Rush to Refinance Amid Record Low Rates
Ellie Mae, Pleasanton, Calif., said refinance activity climbed to 45% of all loans closed by millennial borrowers in November, up three percentage points from October to the highest percentage since May.
Industry Briefs Nov. 25, 2020
The Federal Housing Finance Agency released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2020.
Ellie Mae: Low Rates Sustain Refi Surge
Ellie Mae, Pleasanton, Calif, said interest rates below 3 percent pushed the share of refinances of closed loans to a record 60 percent in October.
Industry Briefs Nov. 17, 2020
The Federal Housing Finance Agency released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2020.
MBA Annual20: What 2020 Has Taught Us About Technology
Higher volume, lower interest rates and social distancing are changing customer expectations and mortgage industry technology.