Mortgage loan

Equifax Solution Helps Mortgage Lenders Find and Nurture Prospective Buyers in Tightening Market

Retrieved on: 
Wednesday, November 28, 2018
Economy, Loans, Mortgage loan, Money, Finance, Personal finance, Banking, Mortgage

To help mortgage lenders better identify prospective buyers earlier in the process and retain them, Equifax today announced its Mortgage Lead Generation Models a new solution that uses connected and differentiated data to help predict the likelihood that a lead will apply for a mortgage within the next two to six months.

Key Points: 
  • To help mortgage lenders better identify prospective buyers earlier in the process and retain them, Equifax today announced its Mortgage Lead Generation Models a new solution that uses connected and differentiated data to help predict the likelihood that a lead will apply for a mortgage within the next two to six months.
  • "This solution makes the data actionable to help lenders find the right customer at the right time, which is important in a highly competitive market where 55 percent of buyers are starting their process online*."
  • The Mortgage Lead Generation Models allow lenders to determine their own scenarios and desired number of leads for retention or acquisition.
  • Headquartered inAtlanta, Ga., Equifax operates or has investments in 24 countries inNorth America, Central andSouth America,Europeand theAsia Pacificregion.

Tougher Road Ahead for Home Buyers and Sellers in 2019

Retrieved on: 
Wednesday, November 28, 2018
Loans, Mortgage loan, Economy, Mortgage-backed security, Odell Barnes

"Unfortunately for buyers, it's only going to get more costly to buy, especially the most-demanded entry level real estate.

Key Points: 
  • "Unfortunately for buyers, it's only going to get more costly to buy, especially the most-demanded entry level real estate.
  • To be successful, buyers should think through how they'll adapt to higher rates and prices."
  • What will 2019 be like for buyers?
  • Buying a home will be an even more expensive undertaking in 2019 as mortgage rates and home prices increase.

LendingTree Introduces New Mortgage Comparison Shopping Report

Retrieved on: 
Tuesday, November 27, 2018
LendingTree, Economy, Finance, Mortgage loan, Money, Mortgage industry of the United States, Mortgage industry of the United Kingdom, Mortgage

CHARLOTTE, N.C., Nov. 27, 2018 /PRNewswire/ -- LendingTree , the nation's leading online loan marketplace, today announced the release of its inaugural Mortgage Comparison Shopping Report .

Key Points: 
  • CHARLOTTE, N.C., Nov. 27, 2018 /PRNewswire/ -- LendingTree , the nation's leading online loan marketplace, today announced the release of its inaugural Mortgage Comparison Shopping Report .
  • The LendingTree Mortgage Rate Distribution details the range of mortgage interest rates on offer.
  • LendingTree's Mortgage Comparison Shopping Report does just this, improving consumers' understanding of the market by showing the range of rates that actual borrowers were offered on the LendingTree platform.
  • Mortgage Comparison Shopping Report for the week ending Nov. 25, 2018:
    For 30-year fixed-rate mortgages, 37.4% of purchase borrowers received offers under 5%, up from 29.4% the prior week.

California REALTORS® applaud FHFA for raising Fannie Mae and Freddie Mac conforming loan limits

Retrieved on: 
Tuesday, November 27, 2018
Mortgage industry of the United States, Finance, Economy, Money, Fannie Mae, Freddie Mac, Government-sponsored enterprise, Federal Housing Finance Agency, Conforming loan, Mortgage loan, Federal takeover of Fannie Mae and Freddie Mac, Jumbo mortgage

today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2019 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $484,350 on one-unit properties and a cap of $726,525 in high-cost areas.

Key Points: 
  • today issued the following statement in response to the Federal Housing Finance Agency's (FHFA) announcement to increase the 2019 conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac to $484,350 on one-unit properties and a cap of $726,525 in high-cost areas.
  • "Increasing the existing Fannie Mae and Freddie Mac conforming loan limits will greatly benefit higher-priced areas of the state and provide stability and certainty to the housing market."
  • and the NATIONAL ASSOCIATION OF REALTORS (NAR) both have long advocated for making higher conforming loan limits permanent.
  • The conforming loan limit determines the maximum size of a mortgage that government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac can buy or "guarantee."

Velocity Commercial Capital 'Goes Live' on SS&C's EVOLV Platform

Retrieved on: 
Tuesday, November 27, 2018
Loans, Mortgage loan, Velocity, Software

WINDSOR, Conn., Nov. 27, 2018 /PRNewswire/ --SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Velocity Commercial Capital, LLC ('Velocity') has successfully gone live on EVOLV , SS&C Primatics' integrated cloud-based risk and finance platform.

Key Points: 
  • WINDSOR, Conn., Nov. 27, 2018 /PRNewswire/ --SS&C Technologies Holdings, Inc. (Nasdaq: SSNC), a global provider of financial services software and software-enabled services, today announced that Velocity Commercial Capital, LLC ('Velocity') has successfully gone live on EVOLV , SS&C Primatics' integrated cloud-based risk and finance platform.
  • Velocity, a direct portfolio lender that actively manages over US $1 billion in commercial real estate loans and securitized assets, implemented EVOLV to transform their financial operations and capitalize on growth opportunities.
  • "Velocity joins an impressive list of high-growth institutions that have chosen SS&C Primatics and its robust platform, EVOLV.
  • Established in 2004, Velocity Commercial Capital is a portfolio lender to real estate investors and small business owners nationwide through its Velocity Mortgage Capital division.

Black Knight's First Look: Mortgage Delinquencies Rebound Strongly in October; Number of Seriously Past-Due Loans Falls Below 500,000 for First Time Since 2006

Retrieved on: 
Tuesday, November 27, 2018
United States housing bubble, Economy, Mortgage, Money, Finance, Foreclosure, Real property law, Urban decay, Mortgage loan

1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.

Key Points: 
  • 1) Totals are extrapolated based on Black Knight's loan-level database of mortgage assets.
  • 2) All whole numbers are rounded to the nearest thousand, except foreclosure starts, which are rounded to the nearest hundred.
  • For a more detailed view of this month's "first look" data, please visit the Black Knight newsroom .
  • For more information about gaining access to Black Knight's loan-level database, please send an email to [email protected] .

Genworth Mortgage Insurance Launches GenRATE, a Proprietary Risk-Based Pricing Engine, to Complement Standard Rate Card Pricing

Retrieved on: 
Monday, November 26, 2018
Loans, Genworth Financial, Mortgage loan, Economy, Finance, Financial services

With the introduction of GenRATE, lenders can opt-in to this proprietary pricing solution or choose from Genworth's standard published rate card.

Key Points: 
  • With the introduction of GenRATE, lenders can opt-in to this proprietary pricing solution or choose from Genworth's standard published rate card.
  • GenRATE provides that solution, allowing Genworth to expand its value proposition to meet a broader range of customer needs.
  • "Maintaining our standard rate card to complement GenRATE allows us to still offer the transparency and simplicity some lenders prefer while addressing other lenders' shifting prioritization towards more dynamic pricing."
  • From time to time, Genworth's publicly traded subsidiaries, Genworth MI Canada Inc. and Genworth Mortgage Insurance Australia Limited, separately release financial and other information about their operations.

Ryan Zannini Joins New Fed Mortgage as a Licensed Mortgage Loan Originator

Retrieved on: 
Monday, November 26, 2018
Loans, Money, Economy, Finance, Mortgage loan, Mortgage origination

DANVERS, Mass., Nov. 26, 2018 /PRNewswire-PRWeb/ -- Ryan Zannini comes to New Fed Mortgage with an extensive mortgage lending background that spans over the last 13 years.

Key Points: 
  • DANVERS, Mass., Nov. 26, 2018 /PRNewswire-PRWeb/ -- Ryan Zannini comes to New Fed Mortgage with an extensive mortgage lending background that spans over the last 13 years.
  • President and CEO Brian D'Amico commented, "We are proud to have Ryan as part of our team at New Fed.
  • His professionalism and dedication to help his clients combined with his mortgage lending experience will enhance our mortgage origination endeavors in Massachusetts".
  • New Fed Mortgage, locally based in Massachusetts has specialized in residential retail mortgage lending since 2001 offers in-house processing, underwriting, and closings.

Michael Romano joins New Fed Mortgage as a Producing Branch Manager

Retrieved on: 
Friday, November 23, 2018
Loans, Mortgage loan

DANVERS, Mass., Nov. 23, 2018 /PRNewswire-PRWeb/ --Michael comes to New Fed Mortgage with over 20 years of mortgage lending expertise.

Key Points: 
  • DANVERS, Mass., Nov. 23, 2018 /PRNewswire-PRWeb/ --Michael comes to New Fed Mortgage with over 20 years of mortgage lending expertise.
  • Prior to Sage Bank, Michael was at Omega Mortgage as a branch manager for 13 years.
  • New Fed Mortgage, locally based in Massachusetts has specialized in residential mortgage lending since 2001.
  • To contact Mike Romano he can be reached at mromano(at)newfed.com or at 978-490-0473 or visiting at the New Fed Mortgage website http://www.newfed.com

Housing Research Award Recipients Recognized for Shaping the Future of Housing in Canada

Retrieved on: 
Thursday, November 22, 2018
Housing in Canada, Canada Mortgage and Housing Corporation, CMHC, Economy, Affordable housing in Canada, Canada, Mortgage loan

OTTAWA, Nov. 22, 2018 /CNW/ -The Government of Canada through the CMHC Housing Research Awards program under the National Housing Strategy (NHS) is proud to recognize three Canadian researchers for their world-class housing research initiatives which are helping to shape the future of housing in Canada.

Key Points: 
  • OTTAWA, Nov. 22, 2018 /CNW/ -The Government of Canada through the CMHC Housing Research Awards program under the National Housing Strategy (NHS) is proud to recognize three Canadian researchers for their world-class housing research initiatives which are helping to shape the future of housing in Canada.
  • The three award recipients were announced during this week's National Housing Conference, which is being hosted by Canada Mortgage and Housing Corporation (CMHC).
  • The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation
    The CMHC Housing Research Awards highlight achievements in research, research training, knowledge mobilization and outreach activities.
  • The Housing Research Awards program provides monetary awards for impactful housing research as well as a travel award to support research activities in Northern or remote areas.