MReport

MReport

Mortgage Cadence Licenses FirstClose’s Integration Hub Software Program

By Seth Welborn Mortgage Cadence recently reached an agreement to license FirstClose’s proprietary integration hub software platform, which provides loan services throughout the mortgage-origination process. The agreement will enable third-party service providers to integrate their services into Mortgage Cadence’s existing end-to-end loan origination product suite more quickly, providing lenders with additional one-stop loan origination capabilities. The post Mortgage Cadence Licenses …

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CFPB Outlines Diversity, Inclusion Strategies

By Seth Welborn Participants in the CFPB’s Divesity and Inclusion Meeting meeting included representatives from the mortgage industry, including from larger and smaller banks, as well as some nonbank financial companies. In addition, staff from the OWMI of other federal agencies, including the Office of the Comptroller of the Currency (OCC), Federal Deposit Insurance Corporation (FDIC), Federal Reserve, and Federal …

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Interest Rates Fall in March

By Seth Welborn According to the Federal Housing Administration on Thursday, interest rates on conventional purchase-money mortgages decreased nationally from February to March. As interest rates dropped, prices have been on the rise, as shown in the FHFA’s last House Price Index for February, which released on Tuesday. House prices rose an average of 6.4 percent that month year-over -year, …

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Mnuchin Supports Financial CHOICE Act

By Seth Welborn Following Wednesday’s Financial Services Committee hearing on the Financial CHOICE Act, Secretary of the Treasury Steven Mnuchin released a statement on Thursday supporting the act. Financial Services Committee Chairman Jeb Hensarling (R-Texas) had introduced the Financial CHOICE Act on Wednesday as an alternative to the Dodd-Frank act. Financial CHOICE aims to end taxpayer-funded bailouts of big banks, …

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Pending Sales Take a Dip in March

By Scott Morgan Tight inventory and stiff competition for homes proved disruptive to pending sales in March, according to a new report by the National Association of Realtors. Pending sales activity dropped by nearly a percent since February. But overall activity is still soaring, and in most markets is up from where it was a year ago. Which might or …

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Luxury Homes Prices Up; DC Sales Spike

By Aly J. Yale Luxury home prices are up more than 4 percent over the year, with Washington, D.C., seeing the biggest spike in price. According to one economist, potential tax cuts for the wealthy may be the cause. Other cities to see high year-over-year luxury home price growth were St. Petersburg, Florida; Portland, Oregon; Paradise, Nevada; West Palm Beach, …

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Seller ROI Hits Highest Point Since 2007

By Aly J. Yale Home seller ROI has hit an all-time high as of Q1 2017. The average seller now makes a 24 percent return on their original purchase investment, amounting to about $44,000 per sale. This is the highest point for seller ROI since 2007. The post Seller ROI Hits Highest Point Since 2007 appeared first on theMReport.com. Via:: …

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Discussing Diversity in the Mortgage Industry

By Seth Welborn On May 11, the second annual Five Star Diversity Symposium will be held in Dallas, Texas. The Diversity Symposium is a day-long event focused on advancing the conversation on diversity within the mortgage industry, and will feature keynote addresses from diversity leaders as well as roundtable discussions and panels. The post Discussing Diversity in the Mortgage Industry …

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