This year brought significant change for ICE Mortgage Technology. The company made a major shift within its Encompass loan origination system (LOS). ICE transitioned from its SDK technology in favor of built-in features and use of modern application programming interface (API). APIs including Encompass Developer Connect and Encompass Partner Connect. In this executive conversation, Nancy […]
During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 — a goal of more than 100% growth over the next 18 months. […]
In walking back policies designed to boost participation in foreclosed property sales for nonprofit and government bodies, the Federal Housing Administration (FHA) said that policies put in place in 2022 that restrict certain sales to these entities for a 30-day period have produced “mixed results at best” and will now be rescinded. Mortgagee Letter (ML) […]
Following the devastation wrought by Hurricane Helene last year, a recovery action plan needed to access more than $1 billion in federal assistance has been approved by the U.S. Department of Housing and Urban Development (HUD), the office of North Carolina Gov. Josh Stein (D) announced on Friday. The outlook for fulfilling the $1.4 billion […]
In an effort to provide options for older Americans who want to avoid costly congregate care facilities and intend to age in place, social work researchers at the University of South Carolina will use federal grant dollars to assess the effectiveness of remote home monitoring systems for people who may have more limited aging support […]
VantageScore credit score usage by the mortgage industry dropped in 2024, ahead of widespread changes expected in credit reporting in the coming years. The decline was due to overall market conditions and a spike in portfolio analysis conducted by the government-sponsored enterprises (GSEs) in the previous year. Meanwhile, originators more than doubled their usage of the […]
What drives some suburbs to see more homes knocked down? In most areas, the main driver is people wanting nicer homes. In these suburbs, the blocks are large, the areas have become more desirable over time and the homes may be rundown or of a type that is no longer so popular. Increasingly, however, homes […]
Feeling nostalgic about your school years? Relive those memories in this uniquely converted former school site, which comes with a hidden time capsule, two self-contained residences and potential for tourist accommodation. The old Tarpeena Primary School, at 12 Edward St, Tarpeena, opened in 1905 and, during its heyday in the 1940s and 1950s, had more […]
Refinancing can save you thousands off the life of your loan if done right. Picture: Flavio Brancaleone Waiting for the RBA to make the next move? With more than 100 lenders operating in Australia, chances are there’s already a cheaper rate elsewhere. But when it comes to refinancing, a cheaper rate doesn’t always mean a […]
It’s a busy time to be in the proprietary reverse mortgage space, with new and relaunched products hitting the market and other additional features being added to existing product catalogs. Earlier this month, Longbridge Financial announced the addition of Platinum Peak, a new variation of its private fixed-rate reverse mortgage offering. The Platinum Peak product […]
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