Tim Anderson, executive vice president of business development of Minneapolis-based Dexma Inc., has been elected to the Governance Committee of the Mortgage Industry Standards Maintenance Organization.Mr. Anderson has over 25 years of mortgage banking technology and management experience and is credited with creating the eMortgage Alliance that supports MISMO standards for delivering legal paperless processes. MISMO was established by the Mortgage Bankers Association to coordinate the development and maintenance of Internet-based Extensible Markup Language real estate finance specifications. The Governance Committee is made up of 16 representatives from MISMO subscriber organizations, including two origination technology companies. Mr. Anderson will serve a two-year term.
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The lender won its motion for summary judgment just about two months after the court denied a plaintiff's attempt to certify a class of over 50,000 consumers.
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While delinquencies eased overall quarter to quarter, they trended upward on a yearly basis across all loan types, the Mortgage Bankers Association said.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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