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News

As individuals make their way through the industry and companies merge, follow all the important highlights in this activity update.

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Paradatec’s WriteUCD Is Approved by Freddie Mac

Paradatec, Inc., based in Cincinnati, Ohio, announced Thursday its WriteUCD module has been verified as a technology integration vendor for Freddie Mac’s Loan Advisor platform as it satisfies the requirements of the GSE’s Uniform Closing Data files. A provider of optical character recognition solutions, Paradatec’s WriteUCD takes data from mortgage closing disclosure documents “in mere seconds per page” and then transfers it to the new required format. In fact, Paradatec claims to provide “quick and accurate identification of over 500 unique documents in the typical mortgage file,” and it is adapting to new industry standards.

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Mortgage Options for Veterans

Originally introduced by Representative Marc Veasey (D-Texas) in June, the goal of a new bill could change requirements in the National Housing Act in order to help veterans make an informed decision when deciding which route to take when buying a home.

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Watch Out for the Little Guy

With banking regulations becoming more strict, it may be hard for small banks to stay afloat. What are federal regulators doing to keep community banks competitive?

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The Fight for New Homes

With low inventory hampering the housing market, new home sales may be the solution. Take a look at the current state of the single-family new home market.

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History Might Not Repeat Itself

An Insights Blog by Molly Boesel, Principal Economist at CoreLogic, analyzed mortgage origination data from 2016 to discover if the past might repeat itself in 2017.

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Mortgage Deduction Possibility Causes Uncertainty

In December 2016, then incoming Treasury Secretary Mnuchin boldly stated the Trump administration would employ the “largest tax change since Reagan.” However, that change could come with significant adjustments to the mortgage interest deduction, something that sparks mixed emotions across the country.

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Is the Real Estate Market Changing?

Most Realtors agree, according to a recent survey, that the landscape of their industry is changing. What aspects of real estate do firms believe will be important in the year to come?

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