The number of borrowers whose forbearance plans will expire in the fall is greater than they might have been because maximum forbearance periods are varied based on when a borrower started a plan.
Digital verification of borrowers’ income, employment and assets can significantly reduce the length of the mortgage closing process. And the tech got a boost from the pandemic.
The patent awarded to Liquid Mortgage covers a significant portion of the tech startup’s business model. LM is looking to apply blockchain to the mortgage securitization process.
With refi lending expected to wane, lenders are planning to create a faster, more efficient experience for borrowers, according to a new study from Fannie Mae.
But does the bill have the numbers to pass the Senate? Investment banking firm Cowen and Company believes moderate Democratic lawmakers would present an obstacle.
HMDA data show that minorities face notably higher denial rates than white borrowers, and more so if the mortgage is underwritten manually. (Includes data chart.)
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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