Underwriting

The refinance boom kept mortgage loan application defect risk flat, with record-low levels in July, but fraud risk for purchases climbed again, according to First American Financial.

The new reality for investors and originators accounts for forbearances and ability-to-repay.

In the past, the people that close the loan have been left out of developing this technology.

There are five separate note offerings with maturities ranging from 2023 to 2060.

All states that had licensing restrictions related to remote work temporarily lifted them due to the pandemic, but whether those changes could become permanent remains to be seen.

May’s overall delinquency rate was up over 100% from the prior year.

Scheduling the meeting will remove uncertainty for CoreLogic shareholders over the hostile bid, its board said.

Conditions have improved for the first time since November.

An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.