Following an intensive search, Fannie Mae has picked Keystroke.com's product eligibility and pricing technology to enhance Fannie Mae's Desktop Originator on the Web. Fannie Mae will use Keystroke's decision technology to give lenders and brokers real-time determinations of the best loan for a particular borrower. "Working with Keystroke will help build our online presence by giving lenders and brokers the tools they need to offer a variety of products to meet their customer's needs," said Harvey Trimble, Fannie Mae's vice president of e-business solutions. "The technology allows lenders and brokers to receive real-time decisions on eligibility and availability via Desktop Originator on the Web, making the process faster and easier. This kind of speed and accuracy just isn't available offline." In 1998, the Seattle-based Keystroke.com began offering online borrowers a loan-eligibility decision that emulated Fannie and Freddie AU decisions with a very high degree of accuracy, based only on the information Web visitors input anonymously prior to submitting a formal loan application. Keystroke's website address is http://www.keystroke.com.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
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The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18