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Lenders Improve Operations with Process Reviews

October 12, 2018
Comprehensive reviews of operations can provide lenders with a competitive advantage, according to Strategic Mortgage Finance Group, an advisory firm.
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New Index Offers Different View of Affordability

October 12, 2018
Home affordability varies geographically and over time due to unique economic drivers, such as home prices, income and wealth, according to a staff working paper published by the Federal Housing Finance Agency.
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Norcom Mortgage Deploys Fully Digitized Platform

October 12, 2018
Norcom Mortgage has completed its end-to-end electronic mortgage platform with the adoption of vendor e-closing technology, making it the first mortgage lender in Connecticut to offer fully digitized closings.
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Benefits Seen from Outsourcing Contact Center

October 12, 2018
Servicers can boost borrower satisfaction by outsourcing some of their contact-center duties, according to an analysis by CoreLogic.
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California Top Market for Mortgage Insurance

October 12, 2018
California ranked as the top state for primary mortgage insurance business in the third quarter of 2018, but not by as big a margin as its high housing costs might suggest. [Includes one data chart.]
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Correspondent Platforms Gain Share in 3Q18 Agency Market

October 12, 2018
John Bancroft
The correspondent share of the market rose to 39.5 percent, the highest it has been in years...
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Roughly 26 Percent of Home Lenders are Using AI, Machine Learning

October 11, 2018
Brandon Ivey
Use of artificial intelligence seems to be concentrated at nonbanks…
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Mortgage Insurance Firms Gained Market Share in 3Q18

October 11, 2018
John Bancroft
On a year-to-date basis, the volume of private MI loans delivered into GSE MBS was up 9.8 percent from the first nine months of 2017…
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More REITs Eyeing the Non-QM Sector. A Large MBS Deal in the Works?

October 11, 2018
Paul Muolo
MFA CEO Craig Knutson said he’s pleased the REIT has “gained traction on these new acquisition efforts, which involve relationships cultivated over the past year or more.”
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Invitation Homes Prepays Part of Loan from JPMorgan Chase

October 11, 2018
Paul Muolo
Next Thursday, the Senate Banking Committee will hold a hearing on GSE pilot programs…
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