As homeowners and other borrowers seek debt relief during the coronavirus pandemic, America’s four largest banks report at least $151.5 billion in loans with payments in deferral at midyear.
Read More »Speeding Up the Verification Process
Finicity's new Verification of Income and Employment (VOIE) solution will speed up borrower verifications and advance the industry's shift to become fully digital.
Read More »New Mortgage Marketplace Launched
Simplist's next-generation platform seeks to enhance transparency, affordability, and access for borrowers spanning diverse backgrounds.
Read More »Mortgage Cadence Adds DataVerify Capabilities
Mortgage Cadence's updated capabilities powered by DataVerify will provide additional data verification, fraud prevention, and compliance assistance to lenders.
Read More »How Effective Is FHA’s Distressed Asset Stabilization Program?
A study examined the FHA’s program for distressed assets and the ways in which it could be improved. Here’s what it recommended.
Read More »How a New Law Affects Ginnie Mae’s VA Securities
Protecting Affordable Mortgages for Veterans Act of 2019, that was signed by President Trump recently will impact certain Ginnie Mae securities for VA loans. Click through to learn more.
Read More »Impact of the Economy on Default Risks
A new index assessing the risk of default for government-backed mortgages revealed the correlation between the current economic conditions and borrower risks.
Read More »Re-examining Lenders’ False Claims Act Liability
An analysis gives an overview of some of the pitfalls of the current False Claims Act the FHA must address to help lenders extend loans to higher risk borrowers—a demographic that is under FHA’s mission to serve.
Read More »Racial Disparities in Lending and Foreclosure Trends
Here’s what a recent study, based on the Federal Financial Institution’s Examination Council’s data, revealed about the places where racial dispairites exist in mortgage lending rates, and what can be done to minimize this challenge.
Read More »Finicity Partners with LendingQB
LendingQB’s platform now uses Finicity’s VoA solution to allow lenders to free up resources, increase processing speed and reduce mortgage fraud.
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