Mortgage Delinquencies Decrease in the Second Quarter of 2022
Delinquency rate drops to lowest level since survey inception in 1979 The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64 percent of all loans outstanding
Fannie Mae Announces Twenty-Seventh Sale of Reperforming Loans
Fannie Mae (FNMA/OTCQB) today began marketing its twenty-seventh sale of reperforming loans as part of the company's ongoing effort to reduce the size of its retained mortgage portfolio. The sale consists of approximately 6,130
Together Credit Union Selects Empower, Black Knight’s Loan Origination System, to Drive Growth and Streamline the Lending Process for Loan Officers and Members
Together Credit Union will use the Black Knight Empower loan origination system (LOS) to support the credit union's growth and elevate its member experience The credit union needed an LOS that would streamline the
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 5, 2022. The Market Composite Index, a measure
Black Knight Originations Market Monitor: Mortgage Production Continues to Decline With Purchase Demand Now Falling Below Pre-Pandemic Levels
Black Knight's Optimal Blue Mortgage Market Indices tracked 30-year rates as they pulled back to finish the month at 5.3%, a drop of 49 basis points (bps) from June Total lock volumes were down 14.4% from
Zillow’s AI-powered interactive home tours are now available nationwide
The next generation of Zillow surfing uses an AI-generated floor plan to bring together listing photos and 3D tours for a more authentic and seamless virtual home-shopping experience Zillow® surfing 2.0 is nationwide, starting today.
GoDocs and The Mortgage Office Announce New Integration That Will Revolutionize Loan Processing for Private Lenders
GoDocs and Applied Business Software, makers of The Mortgage Office (TMO), the leader in private lending software, are proud to unveil an industry redefining integration that will provide an end-to-end, single-system solution for processing commercial loans. Companies that have
Fannie Mae Announces Results of Recent Reperforming Loan Sale
Fannie Mae (OTCQB: FNMA) today announced the results of a recent reperforming loan sale. The sale of approximately 5,460 loans totaling $663.3 million in unpaid principal balance (UPB) was awarded to JP Morgan Mortgage Acquisition Corp. (Chase).
Three Men Arrested for Mortgage Fraud Scheme
Three more co-conspirators have been taken into custody on charges related to a multi-layered mortgage fraud, credit repair and government loan fraud scheme, announced U.S. Attorney Jennifer B Lowery. Heather Ann Campos, David Lewis
Black Knight’s First Look: Mortgage Delinquencies and Foreclosure Starts Edge Higher in June but Remain Well Below Pre-Pandemic Levels
The national delinquency rate rose nine basis points from May to reach 2.84%, after hitting consecutive record lows in each of the prior three months Increases were broad-based – the number of borrowers a