The odds that the Federal Reserve will cut benchmark interest rates again in December are still high — but not as high as they were before last week’s cut. As of Monday, according to the CME Group’s FedWatch tool, 70% of interest rate traders are anticipating another 25-basis-point pullback after the Fed’s final meeting of […]
Fed interest rate cut odds drop amid inflation concerns Read More »
[embedded content] Nestment Key Nestment Key empowers agents to transform dormant leads into “ready buyers”. Our team fully prepares your buyers with personalized assessment, affordability planning, strategy matching, property analysis, credit and savings support, and gamified education. By the time they return, they’re confident, qualified, and ready to buy. Product Fast Facts #1 Leverage your
November Demo Day: Nestment Key by Nestment Read More »
[embedded content] Intelligent Quality Control Blend’s AI-powered Intelligent Quality Control product enhances loan quality control, helping QC analysts detect issues more efficiently. It applies digitized underwriting guidelines to loan data and documents and provides step-by-step validation and reasoning, enabling the QC analyst to focus on areas of high judgment. This ensures a comprehensive, accurate, and
November Demo Day: Intelligent Quality Control by Blend Read More »
[embedded content] Dara Invoice Dara Invoice streamlines invoice management between servicers and their default servicing partners. It automates the invoice-review process by applying investor guidelines and servicer-specific business rules, helping organizations improve efficiency, minimize errors, and accelerate payments. Product Fast Facts #1 Over 30 invoice types available; covers end to end default processing #2 Investor
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[embedded content] OneHomeowner OneHomeowner makes long-term client connections easy. It’s an intuitive, branded platform that helps you be your client’s trusted home management resource before and after the sale. Deliver timely content, gain insights, and stay top of mind for years, strengthening your professional sphere. Product Fast Facts #1 Provide ongoing value to homeowners: Clients
November Demo Day: OneHomeowner by Cotality Read More »
[embedded content] DocMagic One DocMagic One is a unified mortgage production platform that streamlines document preparation, automated compliance, and eSignature management in one place. Powered by AI and machine learning, it enhances seamless collaboration between lenders, notaries, settlement providers, and borrowers—delivering faster, more accurate workflows with advanced pipeline analytics and business intelligence capabilities. Product Fast
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The average top tier 30yr fixed mortgage rate was technically 0.01% higher than yesterday, but that’s the smallest possible detected move. It’s just as fair to say rates held steady today. While it’s always nice to avoid a more serious rate spike on any given day, by holding flat, rates are remaining in line with
Mortgage Rates Hold Steady Near Recent Highs Read More »
Reverse mortgage company Finance of America’s continuing operations took a net loss on a one-time adjustment in the third quarter, but it was profitable on that basis for the year-to-date, unaudited interim results show. The company reported a $29 million in net loss from continuing operations during the third quarter due to home price model
Finance of America reports 3Q loss, nine-month profit Read More »
The Mortgage Bankers Association largely supports the Federal Housing Finance Agency reduction of certain low-income single-family finance goals for the government-sponsored enterprises. But the one goal that was not changed in the proposal from the agency called U.S. Housing Finance by its director, the single-family low-income refinance goal, might not be attainable due to market
Fannie Mae, Freddie Mac housing goals need revisions: MBA Read More »
Newrez subsidiary Shellpoint Servicing finds itself at the center of another class action lawsuit surrounding the attempted collection of a second “zombie” mortgage originated prior to the Great Financial Crisis. In documents filed in a Virginia federal court in late October, attorneys for former homeowner and plaintiff Mariel Castellon claimed the company made attempts this
Newrez faces another zombie-seconds class action filing Read More »