Constellation Mortgage Solutions, a provider of enterprise mortgage loan origination and servicing software systems, announced a partnership with Lender Price, a provider of mortgage product and pricing engines.
The Consumer Financial Protection Bureau released its annual report on residential mortgage lending activity and trends for 2021. The report shows a shift from refinance loans in 2020 to home purchase loans in 2021, with a greater share of home purchase loans going to Asian, Black and Hispanic white borrowers
HUD announced availability of $12.5 million through the Self-Help Homeownership Opportunity Program for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities.
Qualia, San Francisco, released the Qualia API, which provides real estate businesses and PropTech companies seeking to start, optimize, or scale their title agency operations the ability to automatically connect internal software tools, integrate with their commercial partners, and analyze their performance data.
In the mortgage industry’s current environment of rising rates, shrinking volumes and tight-enough-to-choke margins, lenders are faced with making tough decisions in their efforts to “right the ship,” according to mortgage advisory firm STRATMOR Group, Greenwood Village, Colo.
Planet Home Lending LLC, Meriden, Conn., entered into a definitive agreement to acquire certain assets of the delegated correspondent channel of Home Point Financial Corp., a mortgage originator and servicer and a subsidiary of Homepoint Capital Inc.
Wells Fargo, San Francisco, announced an initiative to help advance racial equity in homeownership. The company will develop a Special Purpose Credit Program to help minority homeowners, whose mortgages are currently serviced by Wells Fargo, refinance those mortgages. Initially, through the program, Wells Fargo will identify eligible Black homeowners who could benefit from a refinance product.
Homebridge Financial Services Inc., Iselin, N.J., launched its “Our Community” hub on the company’s website. This resource provides a new level of transparency about Homebridge’s current diversity and inclusion internal workforce efforts and measures progress.
Wolters Kluwer Governance, Risk & Compliance, Minneapolis, signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc., Draper, Utah, a provider of compliance and document generation software platforms for the mortgage and real estate industry, for $70 million in cash.
ICE Mortgage Technology, Pleasanton, Calif., announced the Colorado Housing and Finance Authority integrated Encompass Investor Connect and AIQ into its technology, enabling faster and easier loan delivery and funding.