Tom Litke, executive vice president of marketing and product management of Woodstock, Ga.-based WellFound Decade, has told Mortgage Wire that the membership of the eMortgage Alliance is expected to hit 30 by the spring of 2005.The prediction was spurred by the announcement at the Mortgage Bankers Association convention in San Francisco that Bankers Systems Inc. and U.S. Recordings had joined the organization. Initially the eMortgage Alliance was designed to be an assemblage of technology companies that could combine their solutions to form a complete electronic mortgage. Now, the organization has changed its focus to support all companies that are compliant with standards developed by the Mortgage Industry Standards Maintenance Organization in the hope that the adoption of MISMO standards will spur more interest in attaining an e-mortgage. The Alliance can be found online at its new website at http://www.emortgagealliance.us.
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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.
7h ago -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
8h ago -
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.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
April 18