A just-released collection module for Interlinq's MortgageWare Loan Servicing version 2.0 has been shown at the 12th annual MortgageWare Users' Group conference in Bellevue, Wash. The module enables lenders to track delinquent borrowers and bring servicing in-house at a per-loan annual cost of less than $4.The Kirkland, Wash.-based Interlinq has also developed an interface to Fannie Mae's MortgageLinks that will allow users to connect to their choice of credit bureaus, order credit reports, and autopopulate the liabilities into an application. Another Interlinq product, MortgageWare InvestorLinq, works with MortgageWare MarketLinq to help manage secondary marketing risk.
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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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