Overall, non-current rates are 38% higher for mortgage borrowers carrying student loan debt.
Platinum Data Solutions, a provider of valuation data and analytics technologies, says it has integrated its RealView technology with Ellie Mae’s Encompass all-in-one mortgage management solution. According to Platinum, the integration will allow lenders to order RealView appraisal-quality reports by [Read More]
Brookfield, Wis.-based mortgage lender Inlanta Mortgage Inc. says it has implemented the Web-based loan origination system (LOS) from LendingQB, a provider of mortgage loan origination technology solutions, into its business processes. “We have grown quickly in the past few years, [Read More]
The Community Development Trust (CDT), a New York-based real estate investment trust that provides capital for the preservation and creation of affordable housing, has announced its donation of a $1.2 million first mortgage loan to Detroit-area nonprofit Southwest Housing Solutions [Read More]
DebtX, a provider of third-party loan valuation services, has announced that the prices of commercial real estate loans underlying commercial mortgage-backed securities (CMBS’) increased in June. During the month, the estimated price of whole loans securing the CMBS universe rose [Read More]
A California man has been sentenced to prison for a mortgage loan modification scheme that defrauded homeowners in Connecticut and other states, according to an Associated Press (AP) report. Connecticut U.S. Attorney Deirdre Daily says 33-year-old Aria Maleki of Santa [Read More]
On average, homes are selling a week faster than they did a year ago, meaning home buyers should be prepared to move quickly in a competitive housing market, according to Zillow’s June Real Estate Market Report. The report states that tight inventory continues to [Read More]
U.S. home prices increased 0.2% in May compared with April and increased 5.6% compared with May 2015, according to the Federal Housing Finance Agency’s (FHFA) monthly home price index (HPI). The previously reported 0.2% increase in April was revised upward [Read More]
PERSON OF THE WEEK: Brent Chandler is the founder and CEO of FormFree Holdings Inc., producer of AccountChek, an investor-accepted automated asset verification solution that collects and analyzes data directly from a borrower’s financial institution to help lenders save time, [Read More]
If you think the Home Equity Conversion Mortgage, or reverse mortgage, is a relatively new product, you had better think again.
PERSON OF THE WEEK: Leonard Ryan is founder and president of QuestSoft, a provider of automated compliance software to the mortgage banking industry. MortgageOrb recently interviewed Ryan to get his perspective on how lenders should go about preparing for the [Read More]