Underwriting

The move by Self Financial could add momentum to recent efforts in this areas by influential mortgage-market participants like Fannie Mae and Freddie Mac.

CA Risk Profiler Plus compares the properties selected to support the valuation with others in the same neighborhood using the company's databases.

The lender and the home improvement retail chain will facilitate eligible borrowers paying for energy-efficient appliances using Federal Housing Administration loans.

In the agreement, the bank denied allegations that it refused to issue a mortgage until one of the applicants returned to work from maternity leave.

The business opportunity comes at a time when lenders are looking to save money because of tightening margins.

But current economic and geopolitical tensions and the shift to a purchase market means lenders should remain vigilant, Ace Quality Management warned.

Originators offered fewer high loan-to-value and lower credit-score products, but jumbo offerings increased for the 10th time in 12 months, the Mortgage Bankers Association said.

Consumers should be sharing in the benefits from this fiscal year’s expected earnings of $8.8 billion, said the CHLA's Scott Olson.

An analysis of Home Mortgage Disclosure Act data reveals that banks continue to trail nonbanks in volume and another reveals that despite some improvement, inequities in lending to minority groups persist.

The Purchase Applications Payment Index was 8.3% higher in February compared with January and 22% over the same month in 2021, the Mortgage Bankers Association found.

Dollar losses from business email compromise attacks, many of which target real estate transactions, grew to $2.4 billion last year from $1.8 billion in 2020, a Federal Bureau of Investigations report found.

But since every customer’s case is different, it is hard to quantify how large a boost borrowers might get by not having this information on file.

Production costs reached a high as secondary-market loan sale margins continued to decline.

The effect is likely to be felt in consumer debt burdens and application misrepresentations, industry leaders say.

As the rising rates shrink the number of potential customers, mortgage brokers are seeking these products in order to keep business up.

The mortgage payments fintech completed a $31 million Series C capital raise with Bain Capital Ventures and SignalFire as the lead investors.

These are the first partnerships the Encompass software creator has made with outside providers and more such integrations are expected, company leadership said.

However, all but one company did less business in the most recent period than during the third quarter, and new insurance written was down across the board compared with one year prior.

A rise in reverse occupancy fraud is contributing to the uptick, a CoreLogic report found.

Using stimulus checks and money saved from lower spending were each cited by just under one-quarter of those looking to buy in the next 12 months, a Redfin survey found.