Underwriting
- Mortgage
Declining mortgage affordability quantified in new index
Affordability for home buyers decreased in February by 6.3% from the month before, according to a new monthly metric from…
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Rise in wire fraud partially attributed to exhausted home buyers
With potential buyers becoming more desperate to secure a property, the hot housing market has been a driving force in…
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Removing medical collections from credit data should raise scores
A change by credit-reporting agencies on how medical-collection data are handled will likely benefit consumers seeking a mortgage, but to…
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3 mortgage-related takeaways about the Fed rate hike
Historically, purchase loans are considered more at risk for material misrepresentations in mortgage applications. Although certain risk product types that…
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Wholesalers bring out new nonconforming offerings
As the potential mortgage origination market shrinks because of rising interest rates, some wholesale lenders are coming out with products…
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EarnUp’s new investors include KeyBank, LendingTree
Mortgage fintech has completed a $31 million Series C funding round, which includes investments from KeyBank and lead generation company…
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ICE Mortgage creates eClose ties with Roostify and Floify
ICE Mortgage Technology has entered into integration agreements with a pair of point-of=sale vendors to allow for cross platform operability…
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MGIC, Radian, Arch report 4Q21 earnings
Radian Group’s earnings grew to $193.4 million in the fourth quarter, up from $126.4 million in the third quarter and…
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Mortgage application fraud risk soars in 4Q
Mortgage fraud risk soared upward in the fourth quarter due to the drop in overall loan application volume and the…
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First-time buyers use pandemic funds to help save for down payments
Rather than spending their federal pandemic stimulus money, some Americans banked it, and now almost one-quarter of first-time home buyers…
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