New automated underwriting capabilities such as verification of assets, income, and employment using borrower-approved bank account data increases efficiency and reduces risk.
Read More »Mortgage Rates Fall in the Face of ‘Multiple Headwinds’
A slight drop in mortgage rates may be a sign of market normalization, but lingering economic instability and inflationary issues remain hurdles that prospective buyers are still unable to overcome.
Read More »Rate Volatility and Economic Instability Drive Down Mortgage Apps
Consistently rising mortgage rates are forcing many refi borrowers to reconsider, as refinance activity is down 66% year-over-year according to the MBA.
Read More »Sandra Thompson Officially Named Head of FHFA
U.S. Senate confirms Thompson to formally lead supervision, regulation, and oversight of the GSEs and the Federal Home Loan Bank System.
Read More »Existing-Home Sales Tail Off in April
A rise in mortgage rates over the 5% mark, and an increase in prices has impacted April buyer activity, as buyers wait for the market to show signs of stability.
Read More »Mortgage Rates Fall Slightly Week-Over-Week
After weeks of rising mortgage rates, continued economic unpredictability has driven rates down slightly this week, as homebuilder sentiment hit its lowest level in 24 months.
Read More »Rate Hikes Continue to Drive Down Mortgage App Volume
With interest by prospective buyers waning, mortgage application volume fell 11% week-over-week, as economic volatility has forced some households to delay their home search.
Read More »Housing Starts Decline Slightly in April
The rise in mortgage rates and inflationary concerns are impacting new residential construction, as borrower costs continue to force many prospective buyers to the sidelines.
Read More »Laura Brandao Joins EPM as Chief Growth Officer
Former head of AFR joins Atlanta-based lender as a shareholder and part of the executive team, responsible for fostering growth of the company.
Read More »The Cost of Quality
Sara Knochel of Candor Technology explains how a strong technology partner can help make or break a lender’s future in the mortgage industry.
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