Underwriting

When it comes to cars, tunnels and rockets, Elon Musk thinks big. The same is true for his household finances.

Through digital validation and intelligent data automation, borrowers will know if their loan would be approved in as little as seven minutes and be able to close in eight days, according to loanDepot.

Mortgage insurer Radian Group was in takeover talks with an investor group earlier this month including Apollo Global Management and Centerbridge Partners, before discussions stalled over the terms of a potential deal.

The state's tougher oversight has stripped Property Assessed Clean Energy of its go-to project financing status among contractors. That shift may result in adverse selection.

The private equity acquisition of the fintech vendor Ellie Mae will give it some breathing room in a declining originations market because it will have a more patient and strategic investor than its myriad shareholders as a public company.

The mortgage loan origination system developer Ellie Mae is going private, agreeing to be acquired by the private equity firm Thoma Bravo in an all-cash transaction valued at $3.7 billion.

Ellie Mae's latest update to the Encompass loan origination system includes templates to help mortgage lenders with Americans with Disabilities Act compliance.

Genworth's U.S. mortgage insurance unit's adjusted operating income increased over the previous year as the lower corporate tax rate and lower loss ratio overcame a 9% reduction in new insurance written.

A top official at the Office of the Superintendent of Financial Institutions defended tougher underwriting rules blamed recently for a slump in the nation’s housing market, but left open the possibility that regulations could ease if conditions change.

Mortgage growth has shrunk to a 17-year low in Canada, increasing pressure on the country's big banks to find business elsewhere.

A significant percentage of consumers are willing to turn to technology companies for their financial needs, including applying for a mortgage, although they have trust issues with them, a Fannie Mae report said.

The New York Department of Financial Services disapproved the merger between Fidelity National Financial and Stewart Information Services, regulatory filings from both title insurance underwriters said.

Some hopeful souls in Washington believe the commercial banking industry will return to originating and servicing higher-risk mortgages, but most banks are more likely to continue withdrawing from the sector.

With its new round of funding, the mortgage fintech company will look to expand its geographic reach and reduce the mortgage closing process to a week in 2019.

The same TILA-RESPA integrated disclosure errors continue to plague mortgage lenders, though those documents have been required for over three years, a report from MetaSource said.

As 30-year fixed-rate mortgages rose 30 basis points year-over-year, non-QM originations are estimated to grow 400% in 2019.

Adjustable-rate mortgages for the second consecutive month hit a post-crisis high, due to strong demand for housing being constrained by a lack of supply, according to Ellie Mae.

Rising mortgage rates will only be "a mild deterrent" to home purchase activity during 2019 as other indicators like price and demand will cancel that out, according to Standard & Poor's.

Fannie Mae and Freddie Mac are adding another round of new underwriting requirements and a workaround for employment verification in response to the prolonged government shutdown.

Radian and Essent will make their "black box" mortgage insurance pricing methods live on Jan. 21, leaving MGIC as the only company yet to announce its adoption.