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Author Archives: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.

Talking Barriers to Homeownership

Potential homeowners may face several barriers when trying to buy a home, such as down payments, credit availability, and affordability. A recent report discusses these challenges, and notes the alternatives and options available to buyers.

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Mortgage Capital Trading Updates Security Protocols

Mortgage Capital Trading, Inc., a mortgage hedge advisory and secondary marketing software firm, has announced the implementation of multi-factor authentication security protocols, which require multiple methods to verify a user’s identity for logins and transactions.

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OpenClose Hires FinTech Expert

OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, announced the hiring of Mark Michel, an industry veteran in enterprise-level mortgage technology systems.

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Freedom Mortgage Ranks on Inc. 5000 List

Freedom Mortgage has been named to the 2018 Inc. 5000 list of the fastest growing private companies in the U.S. 2018 marks the sixth straight year that Freedom has been named to this list.

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Reverse Mortgage Rules Receive an Update

Lender

The Federal Housing Administration recently announced that it will begin requiring lenders originating new reverse mortgages, to provide a second property appraisal under certain circumstances. Find out what circumstances call for a second appraisal.

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Ocwen Ready to Close on PHH Acquisition

Ocwen announced that it is ready to close on its acquisition of PHH Corporation. Ocwen will acquire all outstanding shares of common stock of PHH for approximately $360 million in cash or $11 per diluted common share.

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