Author: PROGRESS In Lending

In The News

Down Payment Resource Reports On Homebuyer Assistance Programs For People With Disabilities

In celebration of Disability Pride Month, Down Payment Resource (DPR) has issued a report on the 23 U.S. homebuyer assistance programs that are specifically designed to support people with disabilities and their family caregivers on their journey towards homeownership. While people with disabilities may be eligible for any of the 2,300-plus U.S. homebuyer assistance programs, this report sheds light on programs specially developed to promote accessibility and inclusivity for aspiring homeowners with disabilities.

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In The News

SimpleNexus And Empower Complete Tight Integration

SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of a U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, completed a new integration with Empower, Black Knight’s loan origination system (LOS). The bidirectional integration, available to financial institutions including independent mortgage banks nationwide, dynamically shares loan application data, milestone updates and documents in real time.

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In The News

Nationwide Property & Appraisal Services Partners With Integrity Appraisal Management

Nationwide Property & Appraisal Services LLC (NPAS), a national appraisal management company (AMC) owned by Arcapita, has acquired Integrity Appraisal Management (Integrity), a regional AMC based in Houston, TX. This strategic partnership will further solidify Nationwide Property & Appraisal Services’ market share and will create significant growth opportunities for both organizations. 

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In The News

Share Of Mortgages In Forbearance Decreases To 0.49% In May

The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.51% of servicers’ portfolio volume in the prior month to 0.49% as of May 31, 2023. According to MBA’s estimate, 245,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 7.9 million borrowers since March 2020.

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