Tightening of lending standards by banks in the wake of elevated interest rates has created an opportunity for nonbanks to increase their share of the home-equity lending market.
Interplay between debt ceiling and mortgage interest rates; mortgage employment declines; rate locks down; Rithm considers spin-off; Planet Financial looking for lenders; new LO recruiting software; Blend’s market share grows; Black Knight’s margins; new appraisal marketplace; MISMO requests for comment.
Technology and mortgage industry experts will team up to develop solutions to improve the digital mortgage experience, reduce costs and improve access to mortgage finance.
Profitability outlook; Fitch downgrades Home Point’s corporate ratings; UWM aims to limit trigger leads; New American Funding looking for joint ventures; new initiatives at MISMO.
While there is potential in the alternative data space to promote fair housing outcomes, the new methods come with their own concurrent risks, according to industry experts.
The data analytics firm said its web-based appraisal tool Validate will help streamline the valuation process by removing obstacles caused by traditional in-person appraisals.
Failed banks and interest rate risk; DOJ-Sterling Bank settlement; big banks boost First Republic; ICE to fight FTC over Black Knight deal; FHFA delays DTI fee; Guaranteed Rate offering fast approvals.
Mortgage servicing companies’ business and information technology divisions must work together to ensure timely approval for new technology, according to speakers at a recent webinar.