Former Ellie Mae vice president Terri Davis has joined Notarize as general manager for its real estate-related business. Davis has worked in digital real estate for more than 20 years, holding positions at Fannie Mae, Ellie Mae, and PMI, to name a few. At Ellie Mae – now ICE Mortgage
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The Department of Housing and Urban Development (HUD) has restored its 2015 definition of affirmatively further fair housing with an interim final rule, but it falls short of fully restoring the Obama-era policy. The rule will go into effect at the end of July, after a 30-day public comment period.
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Understanding the market value of collateral is a key fundamental component of safe and sound lending. This is accomplished through obtaining an appraisal. The Uniform Standards of Professional Appraisal Practice (USPAP) and numerous laws protect the public trust by mandating the opinions of value provided by appraisers be “impartial, and
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This is Part II of HousingWire’s deep dive into the appraisal profession, and the wave of racial bias claims that has rocked it. In Part I, we looked at the origins of the profession, its present demographic makeup and leadership, and the many struggles of appraisers. In Part II, we
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Homebuilder confidence fell to its lowest level since August 2020, according to the latest National Association of Home Builders (NAHB) and Wells Fargo Housing Market Index (HMI) report. Rising material prices and supply chain shortages — specifically, the declining availability of softwood lumber and other building materials — contributed to confidence falling two points to
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Mortgages in forbearance fell for the 15th consecutive week last week to 4.04% of servicers portfolio volume ― a 12 basis point decline, according to a survey from the Mortgage Bankers Association. As of June 6, the MBA now estimates 2 million borrowers are still in some form of forbearance.
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Courtney Graham, Princeton Mortgage CMO, will speak at HousingWire’s annual engage.marketing on June 17. Graham will join Bill Dallas, president of Finance of America Mortgage, on a panel entitled Winning in a Red-Hot Purchase Market. Graham, a 2020 HousingWire Woman of Influence, led the creation of Princeton’s affinity partnership channel in 2019. That
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ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc. is providing the eVault technology which will be integrated into Encompass eClose, ICE’s closing
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This is Part I of a deep dive into the home appraisal industry, which has faced a growing number of claims of racial bias. Today we explore the origins of the appraisal industry and its current lack of diversity. In Part II, we will examine what hard evidence of bias
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Mortgage operations were a make or break component of every lender’s 2020 strategy, putting operational professionals in the housing economy to test in a turbulent market. As Chief Operating Officer at Waterstone Mortgage, Rich Tucker is no stranger to the challenges of last year as he led his team through
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Ohio-based Lanco Title Agency has joined forces with the Northwest Title group, bringing the two Buckeye State firms together. “The new affiliation will help provide Lanco Title with a greater depth of resources and support available to their customers,” the companies said in a release. Lanco Title, owned by Jon
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The recent action in the 10-year bond yield has puzzled many people, but it looks wonderful to me as it shows that the U.S. economy is leading the world out of the recession. When I wrote the America Is Back economic model on April 7, 2020, the bond market was
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