NYLX, a provider of point-of-sale product eligibility and pricing technology systems for the mortgage industry, has entered an integration partnership with Mortgage Builder, a provider of end-to-end mortgage banking software. As a result, Mortgage Builder users will have seamless access to NYLX's loan product and pricing information, accessible directly from the Mortgage Builder system. LoanDecisions, NYLX's flagship product, can be used for point-of-sale applications or secondary-market functions, and helps users identify the most profitable loan product, adapt to market conditions in real-time, and keep up to date with products and guidelines, the company said. NYLX, based in Mt. Arlington, N.J., can be found on the Web at http://www.nylx.com, and Mortgage Builder, based in Southfield, Mich., can be found at http://www.mortgagebuilder.com.
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Experts have some tips for how to best employ strategies that can minimize the damage from changes in the market.
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Bill Pulte, FHFA director, has ordered Fannie Mae to update its servicer guide to mirror Freddie Mac policy regarding notifying borrowers about dropping MI.
September 15 -
Seven of eight offices are open; debit cards are capped at $1,000 a day; and the bank's website is down. The bank has given no restoration date.
September 15 -
It will be a promotion for Jones, currently the deputy assistant secretary for single-family housing at the Department of Housing and Urban Development.
September 15 -
The Federal Housing Administration share of August new-home purchase applications hit its highest mark in three months, the Mortgage Bankers Association said.
September 15 -
While Federal Reserve Chair Kevin Warsh has sought to inject some mystery into the central bank's communications with markets, an American Banker analysis shows that officials other than the chair have been speaking more and more frequently over the last few decades.
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