London Bridge Group has acquired the rights to market MortgageHub's lending wholesale/correspondent Web service platform as a component of BridgeLink network.The agreement allows London Bridge to offer connectivity to a network of lenders and third party vendors. London Bridge is a provider of business software and e-commerce technology solutions. MortgageHub is a provider of mortgage frontline systems and has clients like GMAC Mortgage Corp., Wachovia Bank, Wells Fargo Home Mortgage and others.
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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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The technology firm posted annual gains in servicing, origination and closing solutions, although the segment at large posted an operating loss.
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Growth in retained and investment portfolios drove gains as the government-sponsored enterprise reported the highest refinancing share seen in four years.
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Higher utilization and aggregate excess payments point to pressure, according to TransUnion. Debt-to-income averages remain below traditional mortgage caps.
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Rocket, United Wholesale Mortgage and Pennymac said they will use the new government-sponsored enterprise credit metric as large lenders get on board.
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