Equifax has launched a new solution, The Work Report Indicator, enabled by the Equifax Cloud™ to empower lenders by delivering a first in market Equifax credit report with an indicator of employment status earlier in the mortgage qualification process.
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MISMO is seeking public comment on the Loan Boarding Data Segment which is the first published subset of the Industry Transfer of Servicing Dataset (ITSD). The 30-day public comment period runs through April 19, 2025.
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Days after the confirmation of Bill Pulte as Director of the Federal Housing Finance Agency (FHFA), The Community Home Lenders of America (CHLA) sent a comprehensive letter to Director Pulte, laying out CHLA’s priorities for protecting small IMB mortgage lenders and the GSE affordable housing mission.
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ATTOM released its year-end 2024 U.S. Home Flipping Report, which shows that 297,885 single-family homes and condos in the United States were flipped in 2024. That was down 7.7 percent from 322,782 in 2023 and 32.4 percent from a recent peak of nearly 441,000 reached in 2022.
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The level of commercial and multifamily mortgage debt outstanding at the end of 2024 was $172 billion (3.7 percent) higher than at the end of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
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Dark Matter Technologies (Dark Matter), has successfully completed its IT infrastructure migration to Amazon Web Services (AWS). This strategic move enhances Dark Matter’s ability to deliver superior performance, scalability and reliability to mortgage industry clients.
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Xactus has launched its open API portal, allowing partners to easily access integration rules which enable a faster, easier way to integrate their own tools or platforms with Xactus360, an Intelligent Verification Platformsm (IVP).
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The U.S. Senate voted 56-43 to confirm William Pulte as Director of the Federal Housing Finance Agency (FHFA). The bipartisan vote comes quickly after the Senate Banking Committee favorably reported Pulte on a 15-9 vote last week. This move is getting high industry praise. Here’s what has been said:
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Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $40 on each loan they originated in the fourth quarter of 2024, a decrease from the reported net profit of $701 per loan in the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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A new report released today from ServiceLink revealed that Gen Z remains eager and ready to buy a home this year. But high interest rates and home prices could deter them from crossing the finish line as their tolerance is waning. The annual survey analyzes generational trends among recent and prospective homebuyers, revealing their sentiment about the current housing market and their intentions to purchase, refinance or leverage home equity this year.
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