The nation's heartland also experienced a dramatic increase in foreclosures last year, according to ForeclosureS.com.The Midwest recorded 204,656 foreclosure filings in 2006, an increase of more than 70% from 120,298 in 2005, the company reported. Iowa and Kansas experienced increases of more than 100% in foreclosure filings, while Illinois, Michigan, Missouri, Nebraska, and North Dakota reported filing surges ranging from 80% to 96%, ForeclosureS.com said.
Atlas VMS acquired CloseClear.ai to help lenders prevent post-appraisal GSE buybacks. The tech continuously matches active pipelines against live disaster maps to plug closing blind spots.
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
Researchers showed a message with no return address slips past Reject Direct Send. Credit unions were told to close this kind of gap in 2021.
Also, the Broker Action Coalition announced Jamie Cavanaugh as its next CEO, while Dark Matter Technologies added two new members to its leadership team.
Two online ads promise Fannie Mae and Freddie Mac are working to boost purchase applications but it's unclear whether they signal interest in a stock offering.
