The Community Reinvestment Act (CRA) is headed for changes by The Treasury and will relook at reinvestments of banks towards supporting community needs through initiatives such as fair mortgage lending, affordable housing development, small business lending, and similar activities. In ...
Read More »Ripple Effect
Editor's note: This story was originally featured in the March issue of DSNews, out now. When the Tax Cuts and Jobs Act went into effect, many in the industry began to speculate what impact this would have on home prices, ...
Read More »LoanCare Welcomes EVP of Strategy and Business Development
LoanCare, a national provider of full-service subservicing and interim subservicing headquartered in Virginia Beach, Virginia, announced that Rodney Moss will succeed Gene Ross in the role of EVP of Strategy and Business Development.
Read More »Tom Rice Joins OpenClose as VP Enterprise Account Executive
Florida-based OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, has announced the appointment of long-time industry veteran Tom Rice as VP, Enterprise Account Executive. Rice has experience with multiple LOS platforms as well as other enterprise-class mortgage ...
Read More »Finicity Partners with Ellie Mae
Utah-based Finicity, a financial data aggregator specializing in credit decisioning, has announced an integration agreement with Ellie Mae, the cloud-based platform provider for the mortgage finance industry, to provide Finicity’s digital asset verification solution through Ellie Mae’s Encompass platform. The ...
Read More »Homebuyers, Fixed-income Families Brace for Impact of Rising Prices
As housing prices increase, potential homebuyers and fixed-income homeowners might feel the pinch or see long-term financial benefits if they’re invested in home equity, a Freddie Mac study found.
Read More »The Industry Pulse: Updates on Black Knight, Ginnie Mae, and More …
From new appointments to new milestones, get the latest information on the industry in this weekly update. Florida-based Black Knight, Inc. announced that Fannie Mae has signed an agreement to continue its use of the Default Management Reporting System (DMRS). Developed by ...
Read More »Why Aren’t More Renters Becoming Buyers?
With rent medians increasing at a record rate, a new report shows why homeownership isn’t being sought after as a solution.
Read More »Rising Rates to Impact Homebuyers
On Wednesday, after Jerome Powell's first Federal Open Market Committee (FOMC) meeting as Fed Chair, the Federal Reserve announced that it had increased the Fed funds rate by a quarter point at a target of 1.5 percent to 1.75 percent. ...
Read More »Fannie Mae Streamlining Processes With Black Knight’s DMRS Tool
Florida-based Black Knight, Inc. announced that Fannie Mae has signed an agreement to continue its use of the Default Management Reporting System (DMRS).
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