Tag: Industry Briefs

Fairway Independent Mortgage Corp., Madison, Wis., in the wake of recent actions by United Wholesale Mortgage to obtain exclusive partnerships with mortgage brokers, said it reaffirmed its commitment to all its mortgage origination partners, including mortgage brokers help consumers find options for financing a home.

HUD approved a Conciliation Agreement between JPMorgan Chase Bank and a Black woman, resolving the woman’s claim that the mortgage lender, relying on an appraisal that she believed was inaccurate, valued her home at an amount lower than its actual worth because of her race.

Ginnie Mae, Washington, D.C., said mortgage-backed securities issuance volume fell in February to $76.92 billion, down from the record $82.6 billion issued in January.

Finicity, Salt Lake City, announced its one-touch Mortgage Verification Service, enabling lenders to allow consumers to permission data so lenders can verify assets, income and employment in a single interaction. The verification is accepted by both Freddie Mac and Fannie Mae.

Redfin, Seattle, announced it entered into an agreement to acquire RentPath, an Atlanta-based owner of ApartmentGuide.com, Rent.com, and Rentals.com, for $608 million in cash.