GE Capital Mortgage Insurance Company, Raleigh N.C., announces several Internet applications designed for its lender and servicer customers.GE Mortgage Insurance Connect (www.gemiconnect.com) provides its Excel lenders with the ability to receive new commitments in a paperless environment. GE Mortgage Insurance Connest's Certiprint feature allows lenders and servicers to print mortgage insurance certificates or commitments for new and existing loans. The company reports that is processes 1,000 transactions per day on Certilink, including servicing transfers, claims, loan status reporting, account maintenance and billing. Certilink is used by more than 200 servicers.
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National Mortgage News spoke with Shant Banosian of Rate, Mark Cohen of Cohen Financial and Amanda Sessa of SWBC on how they stand out in their markets.
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The partnership was designed to support the growth of Redwood's Sequoia platform and give Castlelake purchasing power for fully documented loans.
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Home affordability declined on a monthly basis across loan types and racial demographics, but improved from a year ago, the Mortgage Bankers Association said.
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A federal judge harshly criticized the settlement of a civil suit between the Department of Justice and a Texas land developer.
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The latest study from LodeStar found the ratio of average closing cost to home sales price in several states, led by Delaware, well above the national average.
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The benchmark 10-year Treasury yield topped 4.4% on April 29 — its highest level since late March — as investor anxiety mounted.
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