Underwriting

The Mortgage Bankers Association is calling for Ginnie Mae, states, the Internal Revenue Service and other government agencies to overcome remaining digital mortgage challenges.

Cloudvirga, in collaboration with Freddie Mac, has created the capability for loan officers to submit mortgage loan data to both government-sponsored enterprises' automated underwriting systems simultaneously with a single click.

Mortgage rates increased a scant two basis points this past week, holding steady recently after their rapid rise at the start of this year, according to Freddie Mac.

The use of appraisal management companies does not result in higher quality property valuation reports, according to a working paper published by the Federal Housing Finance Agency.

Lennar Corp.'s home finance subsidiary with the help of Blend rolled out its own digital mortgage platform, as another small lender tries to keep up with Rocket Mortgage.

Technology startup Eave is making a foray into Colorado's fast-moving, high-end mortgage lending market by offering software designed to quickly analyze jumbo borrowers' more complex incomes and assets.

Mortgage rates dropped as the stock market downturn at the start of the week drove yields on the 10-year Treasury lower.

Mortgage credit availability tightened during March to its lowest level in over a year, adding another headwind to a market challenged by rising interest rates and a shortage of homes for sale.

Carrington Mortgage Services' decision to offer subprime mortgage loans was a natural progression from its decision four years ago to concentrate on borrowers with credit scores under 640.

Mortgage rates held largely steady for the week, dropping only 1 basis point, according to Freddie Mac.