Underwriting

The number of mortgage holders with refinancing potential dropped by 1.5 million as the average long-term rate for home loans continued to rise, according to Black Knight.

Commercial real estate transaction volume rebounded in the second quarter from a poor first three months of 2019, although property price growth plateaued, according to Ten-X Commercial.

The mortgage industry has put more emphasis on organizing data in a digital manner and presenting it in an easily digestible format.

Freddie Mac is partnering with Finicity to give lenders access to a new automated process that advances efforts to consolidate borrower-authorized data validation checks used in the secondary market underwriting process.

While the critical defect rate for closed mortgage loans fell on a quarter-to-quarter basis, there were increases in income and packaging-related deficiencies, an Aces Risk Management study found.

A mere 7-basis-point increase in interest rates reduced what was a record-high number of borrowers with refinancing incentive by 2 million in a matter of days, according to Black Knight.

Mortgage credit availability tightened in August by the most since the end of last year, even though falling interest rates sparked a strong uptick in refinancings, the Mortgage Bankers Association said.

Stewart Information Services has decided to make some big changes at the top following the dissolution of a planned merger with Fidelity National Financial.

The Federal Trade Commission wants to block the merger of Fidelity National Financial and Stewart Information Services stating the deal would reduce competition for title insurance, including for large commercial real estate transactions.

The Mortgage Industry Standards Maintenance Organization has released a dataset designed to prepare lenders for a new mortgage application and automated underwriting system upgrades at Fannie Mae and Freddie Mac.