LoanScoreCard has introduced LO Connect, an integrated automated distribution solution for aggregators and wholesale lenders who source non-agency mortgage loans from third-party originators (TPOs) and correspondents.
Read More »Fintechs Present Both Opportunities and Challenges
Congress has taken note of the rise of companies that utilize technology to make financial services more efficient, or fintechs as they have commonly become known, and their increasing role in the financial services market.
Read More »How Much is the Average Down Payment These Days?
For most Americans, the largest obstacle to achieving the American Dream of homeownership—particularly for first-time buyers—is still saving for a down payment.
Read More »Landmark Network Appoints New Chief Strategy Officer
Landmark Network, Inc., a California-based provider of valuation management services and technology for mortgage lenders and mortgage brokers, has announced the addition of Robert Scheer to the company as Chief Strategy Officer.
Read More »Fifth Third Names New SVP of Mortgage Division
Edward L. Robinson has been named SVP and head of Fifth Third Mortgage, where he will be responsible for overseeing all mortgage-related functions at Fifth Third.
Read More »OCC: Compliance Risk Remains High
The banks' regulator said that complying with TRID, which went into effect on October 3 last year, is still a challenge.
Read More »Freddie Mac: Lessons Learned from the Crisis
The mortgage servicing industry has become stronger and more efficient in a post-crisis world, according to Freddie Mac.
Read More »Lawmakers Question Effectiveness of FHFA’s IG
Senators Chuck Grassley and Ron Johnson want more information on recent changes made to the FHFA watchdog's organizational structure and finances.
Read More »The Week Ahead: Non-Bank SIFI Process Under Microscope
The process by which the Financial Stability Oversight Council, an agency created by Dodd-Frank, designates non-bank firms as "systemically important financial institutions" will be examined in a Congressional hearing on Thursday, July 14.
Read More »Refi Requests Skyrocket in Brexit Aftermath
The aftermath of Brexit in the U.S. has been mortgage rates hovering just above their historic low level set nearly four years ago, which prompted the spike in refinance requests.
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