The mortgage industry's digital transformation is revolutionizing the home buying experience and upending the status quo for lenders and servicers. The Digital Mortgage Conference is the premiere event exclusively dedicated to these developments, bringing over 1,500 professionals to Las Vegas on Sept. 17-18 for keynote speakers, panels and the main attraction: live product demos showcasing the latest mortgage innovations.
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As the share of forborne loans increased for the first time in more than two years, servicers are cautiously eyeing data trends but appear equipped to handle storm-related distress.
November 22
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Mortgage bonds are close to the cheapest they've been since the financial crisis by some measures, and money managers like Pacific Investment Management Co. are betting that prices have fallen far enough to make the securities a great buy now.
November 22
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The case involved a customer who was charged $100,000 in legal fees when he tried to pay off a commercial mortgage early. After the borrower waged a nearly decadelong legal fight, a Florida court ordered the bank to reimburse a portion of the fees.
November 22
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Loan officers, processors and closers were impacted, a source said. What remains is a "skeleton crew" to run operations.
November 22
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Rising mortgage rates also led to the highest level of listing price reductions as well as the largest annual drop in pending home sales, Redfin found.
November 22
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Christopher Hayden, CPA, CMA, CGMA is the managing partner of
Hayden Nelson & Yoder , a CPA firm based in Pennsylvania.November 22
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IT departments are largely focused on finding solutions that will beef up volume while shrinking expenses, those in the field say.
November 22
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Two vendors have added non-agency mortgage and co-issue servicing sales respectively, and a government agency has confirmed that it's working on overcoming a hurdle to more scalable eNote use.
November 21
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