Optimal Blue has responded to a class action lawsuit filed against it and 26 mortgage lenders, calling the claims “baseless” and “frivolous” and vowing to fight the lawsuit “all the way through.” “Optimal Blue is aware of the complaint filed against it, Black Knight, Inc., and many of the largest mortgage lenders, alleging a purported […]
Optimal Blue comes out swinging on price-fixing lawsuit Read More »
Software group PartnerOne announced on Tuesday that it has entered into an agreement with Accenture to acquire Mortgage Cadence, a provider of cloud-based digital lending solutions. PartnerOne said in its press release that it focuses on acquiring firms for the long term and investing to strengthen their operations and performance. “This agreement represents a powerful
PartnerOne to acquire Mortgage Cadence Read More »
Last month, Members of Congress were treated to an on-the-ground look at manufactured housing – the sector of the housing industry that holds the greatest promise for meeting our nation’s affordable homeownership and rental housing challenges. At the U.S. Department of Housing and Urban Development (HUD) “Innovative Housing Showcase” in early September on the National
Manufactured housing Is the future of affordable housing Read More »
While it may seem second-nature to realtors, lenders, and others in the industry, navigating the homebuying process can be overwhelming and confusing, particularly for first-time homebuyers. It can feel like a foreign language and it’s often easy for misconceptions to take root. This includes the characterization of private mortgage insurance, which helps first-time buyers and
Welcome back to Tech Pulse — HousingWire‘s weekly series rounding up the latest in technology news, including tools, integrations and trends that impact mortgage and real estate. Here’s what happened this week: It’s up to MLSs to decide if the Zillow-ChatGPT integration violates IDX policies The National Association of Realtors (NAR) said individual MLSs must determine whether Zillow’s ChatGPT integration
Tech Pulse: MLS AI debate; CoStar disputes Zillow announcement Read More »
Fannie Mae on Friday announced the promotion of two long-time employees to lead its Single-Family business and general counsel’s office. “We are pleased to announce the promotion of Fannie Mae seasoned veterans Jake Williamson to acting head of single-family and Tom Klein to acting general counsel. These highly respected leaders will help lead the company
Fannie Mae names new head of single family and acting general counsel Read More »
The mortgage market remains largely resilient — with delinquencies and foreclosures still below long-term averages — even as performance among Federal Housing Administration (FHA) loans continues to weaken. That’s according to ICE Mortgage Technology’s First Look report on September mortgage performance data. The data, released Friday, show the national delinquency rate — loans 30 or
ICE’s First Look report shows mortgage performance is strong despite FHA strain Read More »
United Wholesale Mortgage (UWM) on Friday announced three new tools to help independent mortgage brokers streamline loan processing, improve workflow efficiency and expand marketing efforts. The announcement, made at the Association of Independent Mortgage Experts’ (AIME) Fuse conference in Nashville, introduced UWM’s Income Calculator, Loan Lab and an upgraded version of Brand 360 created in
UWM announces three new broker tools at AIME Fuse Read More »
Among the many tedious steps in the mortgage manufacturing process, verification of income and employment (VOIE) might top the list of challenges for lenders. Ethan Winchell’s company, Truework, aims to remove these headaches. The San Francisco-based firm was founded in 2017 and has sprouted into a major mortgage technology partner. When Truework was acquired in
How Truework is transforming mortgage tech with innovation Read More »
Prosecutors reviewing the mortgage occupancy fraud case against New York Attorney General Letitia James determined there is evidence that undercuts the allegations against her, according to an ABC News report based on sources. According to a September memo summarizing the findings, any financial benefit James may have received would have been minimal — roughly $800
Memo reportedly undercuts mortgage fraud allegations against Letitia James Read More »