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Tag Archives: mortgage

Which Banking CEO Came Out on Top?

Both Citigroup and Bank of America recently released the 2016 earnings for their CEOs—with one receiving a compensation cut, while the other saw a boost thanks to a profitable year.

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Outsourcing May Be Best for Lender Document Trailing

Nationwide Title Clearing, a post-closing services provider serving many of the nation’s largest financial institutions, investors, servicers, and custodians, released a white paper for lenders offering a scoring method to help them manage their trailing document process after a loan is originated.

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OpenClose Experiences Unprecedented Growth

After sustaining a few years of mid-20 percent growth year-over-year, OpenClose, a provider of a web-based, software-as-a-service loan origination system, announced in February that it is experiencing 30 percent growth.

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First-time Homebuyers Flood the Market

According to the American Enterprise Institute’s International Center on Housing Risk, first-time buyer volume has jumped 18 percent since April of last year, totaling 98,000 first-time buyer loans for the entire month.

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Mortgage Write-Offs Hit a 9-Year Low

In the first quarter of 2016, consumers appear to be demonstrating strong repayment practices, while taking advantage of continued low-rate environment, according to data from the April 2016 Equifax National Consumer Credit Trends Report.

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