In The News

In The NewsInnovation

HarborOne Mortgage Joins Forces With Calque To Launch Innovative Buy Before You Sell Solutions

HarborOne Mortgage, a mortgage provider serving the Northeast since 1983, has partnered with Calque to offer its borrowers cost-effective ‘buy before you sell’ solutions like The Trade-In Mortgage and the Contingency Buster. These innovative loan options allow homeowners to purchase a new property without needing to sell their existing property first.

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ApplicationsIn The News

Mortgage Application Payments Decreased 3.9 Percent To $2,057 In August

Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,057 from $2,140 in July. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS). 

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2024 ForecastIn The News

iEmergent Revises 2024-2026 U.S. Mortgage Origination Forecast

 iEmergent, a forecasting and advisory services firm for the financial services, mortgage and real estate industries, announced downward revision of its 2024–2026 U.S. Mortgage Origination Forecast. Updated to reflect ongoing economic conditions, iEmergent now expects lower-than-anticipated growth for the next two years, particularly in the purchase mortgage market, while refinance volumes are projected to rise due to a gradual decline in mortgage interest rates.

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Execs On The MoveIn The News

Josh Balson Joins Fay Servicing As Senior Vice President Of Data Science

Fay Servicing, a mortgage servicing firm, announced Josh Balson has joined the company as senior vice president of data science. In this newly created role, Balson will lead Fay’s data science initiatives, focusing on leveraging advanced analytics and artificial intelligence (AI) to enhance the overall borrower experience and drive internal operational efficiencies.

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ComplianceIn The News

White Paper Details Benefits Of Automating New FHA, VA Loss Mit Requirements

DLS Servicing and WaterfallCalc published a free white paper detailing how one of the nation’s largest mortgage servicers leveraged automated technology to successfully adopt the FHA Payment Supplement Agreement (PSA) and the VA Veterans Assistance and Support Program (VASP). The white paper, “Automating VASP and FHA PSA Compliance,” also examines how early adoption of these programs can help lenders reduce default rates and improve borrower satisfaction rates.

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