Fidelity National Information Services Inc., Jacksonville, Fla., has announced the acquisition of Applied Financial Technology, a provider of risk analytics, analysis, and data for the mortgage industry.The terms of the transaction were not disclosed. Fidelity said AFT's qualitative analytics can be fully integrated into various third-party systems and are used by brokers, banks, and investors to price, fund, trade, and hedge mortgages and mortgage-backed securities. "The importance of the analytic component that AFT will provide to FIS customers cannot be overemphasized," said Greg Whitworth, president of FIS Loan Portfolio Solutions. "In today's environment, lenders, loan servicers, and investors alike must incorporate meaningful analytics in the pricing and ongoing evaluation of loan performance." The company can be found online at http://www.fidelityinfoservices.com.
-
The lender recorded a $59 million net loss in the fourth quarter, an 83% improvement from its third quarter performance.
March 28 -
Initial analyses of Home Mortgage Disclosure Act data show UWM ahead in 2023 loan numbers and dollar volume, but Rocket's market share still looks competitive.
March 28 -
Last year, the Raleigh, N.C.-based Integrated called off a deal to sell itself to MVB Financial after bank stocks took a hit in the aftermath of the regional bank failures. Capital hopes to expand its government-guaranteed lending with the transaction.
March 28 -
The pending end of the program comes as over half of U.S. states have already ceased accepting new applicants for federal aid aimed to help struggling households with mortgage payments.
March 28 -
But the 30-year fixed rate mortgage is still near 7%, and that remains the overhang on the housing market, Freddie Mac said.
March 28 -
Mortgage payments rose 10% year-over-year to an all-time high for March, Redfin said.
March 28