Informative Research, a mortgage credit reporting company based in Garden Grove, Calif., has announced the formation of a technology-based partnership with IndyMac Bank.The partnership makes it easier to order credit reports from Informative Research via QuickPricer and e-MITS (electronic mortgage information and transaction system), IndyMac's proprietary online loan prequalification, pricing, and decisioning technology, Informative Research said. "This new functionality allows brokers to order or reissue Informative Research credit reports directly through QuickPricer and e-MITS for faster and more efficient loan processing," said Ondar Tarlow, vice president/director of Mortgage Bank Marketing at IndyMac. "e-MITS allows the user to submit loan application data and receive an online decision and pricing in less than a minute." The companies can be found online at http://www.informativeresearch.com and http://www.indymacb2b.com.
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After home equity surged in 2023, average gains slowed last year before falling into negative territory over the past 12 months, Cotality said.
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For 2026, the mortgage industry operating environment will improve, while nonbank financial metrics should be within Fitch's rating criteria sensitivities.
December 12 -
Rohit Chopra is named senior advisor to the Democratic Attorneys General Association's working group on consumer protection and affordability; Flagstar Bank adds additional wealth-planning capabilities to its private banking division; Chime promotes three members of its executive leadership team; and more in this week's banking news roundup.
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The executive order described state legislation on artificial intelligence as a cumbersome patchwork, and pledged to develop a national framework.
December 12 -
The Department of Housing and Urban Development announced the FHA-insured loan caps for low- and high-cost areas, which are set based on conforming loan limits.
December 12 -
Kansas City Federal Reserve President Jeffrey Schmid and Chicago Fed President Austan Goolsbee said in statements Friday that their dissents from this week's interest rate decision were spurred by inflation concerns and a lack of sufficient economic data.
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