How the upcoming tax season will be different for servicers

HousingWire recently spoke with LERETA Chief Operating Officer Jim Micali about tax season and how technology is solving legacy issues servicers have historically had with taxes. HousingWire: We’re about to go into the fourth quarter, which historically has been crunch time for servicers and tax providers. Will this tax season be

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Prestwick adding more fuel to a hot MSR market

Advisory and brokerage firm Prestwick Mortgage Group is out with three new mortgage-servicing rights (MSR) offerings for agency loan pools valued in total at $2.6 billion. One of those MSR offerings involves a Ginnie Mae loan pool of 7,591 mortgages with valued at $2 billion based on the unpaid principal balance. The

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Blend strikes partnership deal with PNC Bank

Despite steep financial losses, mortgage tech company Blend continues to add some of America’s largest mortgage lenders to its client roster. On Tuesday, the fintech and PNC Bank announced a partnership that allows customers to digitally apply for a mortgage and import bank/payroll information directly into their application. Once an

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New home sales rebound but homebuilders aren’t smiling

After a sharp decline in July, new home sales rebounded in August, according to data released Tuesday by the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% compared

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Fannie Mae launches rent payment reporting pilot program

Fannie Mae on Tuesday launched a pilot program to help renters of multifamily properties build their credit histories and improve their credit scores. Effective Sept. 27, eligible multifamily property owners can share rent payment data through a vendor network to TransUnion, Equifax, and Experian in the renter’s credit profile. “Around

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Home-price growth slowed further in July

Annual home-price growth continued to slow in July, with year-over-year price gains shrinking for the fourth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index, released Tuesday. Nationwide home prices posted a yearly gain of 15.8% in July, bringing the index to a reading of 307.45. In

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