Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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BlackFin Group has named Finastra, a provider of financial software applications and marketplaces, a Preferred Partner. This designation underscores Finastra’s commitment to delivering cutting-edge technology solutions that drive innovation, efficiency, and growth in the financial services industry.
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At the end of March, the preliminary HMDA data for 2023 was released, so iEmergent has updated its mortgage origination forecast to align with that new information. For 2023, first lien mortgage originations totaled $1.44 trillion, a 37% decline from 2022 and the lowest level since 2014. Moreover, the company expects this year will only be slightly better. The forecast for 2024 is $1.59 trillion, with only a modest increase in purchase volume – mostly driven by loan size increases – and continued low levels of refinances.
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Snapdocs, a digital closing provider, has partnered with Republic Bank & Trust Company to accelerate its eClosing adoption.
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LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, recently announced the addition of American Pacific Mortgage to its roster of clients utilizing Fee Chaser. Employing Fee Chaser enables American Pacific Mortgage to efficiently and compliantly collect initial mortgage-related fees from borrowers.
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Commercial mortgage delinquencies increased in the first quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
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Premier One, a national IT, cybersecurity and web services provider Premier One has introduced its SMB Defender platform, which offers businesses a suite of essential cyber defense tools.
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Incenter, a family of companies dedicated to improving the performance of lenders and depositories, has promoted Sara Parrish to Chief Operating Officer. She will also remain President of Incenter company CampusDoor, where her focus on operational excellence, creativity, and team empowerment has propelled new growth since she took the reins in 2022.
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The latest ICE Home Price Index data shows annual home price gains continued to cool in April, marking the second consecutive month of pullbacks. Gains of +6.1% year over year in February slowed to a revised +5.7% in March before easing to +5.1% as of April. As ICE’s Vice President of Enterprise Research Strategy Andy Walden explains, the cooling is apparent from both seasonally adjusted and unadjusted perspectives.
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For the 6th year, we are honoring The Most Powerful Women in Fintech. The 2024 Award Winners are …
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