The Federal Reserve’s decision to slow the pace of interest rate hikes this week pushed mortgage rates lower — and it happened in spite of the central bank reiterating that it would continue to tighten its grip on the economy next year. These lower rates are encouraging news for the
The repurchase-request volume, which includes both depository lenders and nonbanks, is being driven up this year by the huge volume of lower-rate loans made in 2020 and 2021 that Fannie and Freddie are continuing to vet for loan-sale representations and warranties violations. Mortgage lenders, already reeling from a downturn in
On the heels of the central bank’s announcement to raise the federal funds rate by 50 basis points to 4.25%-4.50% on Wednesday, most economists and industry experts were on the same page about the housing outlook and which direction mortgage rates would be headed. Growing concerns of a recession, led
CARE CARE is Sagent’s consumer platform that links a modern, bank-on-your-phone experience for borrowers with seamless human care from servicers. Borrowers can manage payments and escrows, plus monitor home equity, new offers, and tax matters. They can also quickly apply for and resolve forbearances and loan mods during hardships. Product
Nexbank, a privately held state-chartered bank in Texas and a subsidiary of NexBank Capital, Inc., promoted Brian Ralston to executive vice president and chief mortgage banking officer. In his new position, Ralston will lead the mortgage banking division’s strategies and oversee origination and servicing operations of the wholesale, non-delegated and
DocVu.AI from Visionet DocVu.AI uses the power of OCR, Computer Vision (CV), and Ai to transform information on Mortgage documents (paper and digital) into data and improve mortgage operations’ efficiency by enhancing speed and accuracy. DocVu.AI is designed to cater to the unique and critical requirements of the US mortgage
Velma Connector Velma Connector adds automation to your LOS! Alerts, reports, compliance emails, and postal mailings happen seamlessly. Interactive emails allow remote actions without the need to login. Connectors’ rules-based engine allows the automation of prebuilt and custom workflows! Connector auto-updates your LOS and sends out critical communications keeping you
Jaro The Jaro Suite is a full set of valuation management and products. JaroDesk was shown today and is an appraisal management platform designed for appraisal desks, appraisal management companies and appraisers and staff offices. Product Fast Facts #1 Jaro has proven effective in reducing turn times by 30% within
It’s no secret that since the beginning of the COVID-19 pandemic almost three years ago, the property preservation industry has been forced to adapt and adjust to continue to preserve and protect property assets across the country. Throughout forbearance and the foreclosure moratorium, volume has declined to unprecedented levels not
Slower housing market conditions, mortgage rate volatility and rising affordability challenges took their toll on the title insurance industry during the third quarter of 2022. During the quarter, the title insurance industry generated $5.4 billion in title insurance premiums, down 20.6% year over year, according to the American Land Title
After inflation slowed more rapidly than expected in November, the Federal Reserve raised the federal funds rate by 50 basis points on Wednesday to 4.25%-4.50%, a smaller interest rate hike than the 75 bps per meeting the Fed policymakers have stuck to since June. This slowdown is good news for
Mortgage Industry Standards Maintenance Organization (MISMO), the organization tasked with developing standards for the mortgage finance industry, appointed vice president of operations Jan Davis as its acting president. Davis has served as the VP of operations and associate vice president of industry standards at MISMO and MBA for more than
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial