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Pavaso Introduces New “Fast Track” Program

By xhevrije In an effort to prepare for August 1 TRID changes, Pavaso recently introduced a new program designed to help companies easily transition to digital closings called “Fast Track.” The program is intended to help lenders and title companies provide a better consumer experience for the upcoming law changes. Pavaso reports that the Digital Close solution takes only two …

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Accurate Group Launches New Property Inspection Tool

By xhevrije Appraisal management company Accurate Group announced the launch of a new interior property inspection tool—iValueNet. The Cleveland, Ohio-based company said that iValueNet is part of their ValueNet suite of appraisal tools that can be utilized by banks, credit unions, and mortgage lenders as a cost effective-alternative to other interior appraisal options on the market. The post Accurate Group …

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MBS Day Ahead: Bond Markets Take Running Start at NFP

By Matthew Graham Posted To: MBS Commentary Today is probably the most interesting of the year when it comes to long term implications for domestic bond markets. If you think about it, things may have been awesome earlier in the year, but they were boring in terms of long term momentum. All we could really observe was that the long …

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DS News Webcast: Friday 5/8/2015

By Jordan Funderburk Fannie Mae reported a net income of $1.9 billion dollars for the first quarter of 2015, up from $1.3 billion from the previous quarter, according to Fannie Mae’s Q1 2015 financial results released Thursday. The primary driver of the nearly 50 percent quarter-over-quarter increase in net income was lower fair value losses for Q1, which totaled $1.9 …

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Lender Survey: Credit Scores Matter, Often More than Downpayment Amounts

By xhevrije In their “Eye on Housing” blog, the National Association of Builders (NAHB) broke down the findings of the April 2015 Senior Loan Officer Opinion Survey (SLOOS), conducted by the Federal Reserve Board. In the survey, banks were asked questions that attempted to judge how they were responding to GSE guidelines issued on November 20, 2014 on life-of-loan representation …

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Fannie Mae Reports Net Income of $1.9 Billion for Q1

By Brian Honea Fannie Mae’s comprehensive income for Q1 was reported at $1.8 billion, up from $1.3 billion in Q4. The Enterprise reported a net worth of $3.6 billion as of the end of Q1, which will result in a payment of $1.8 billion to the Department of Treasury in June per the terms of a 2012 amendment to the …

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House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory Overreach’ Hearing

By Brian Honea The Oversight and Investigations Subcommittee will convene on that day to discuss the controversial piece of legislature, which was enacted in 2010 in response to the financial crisis. The Chairman of the Oversight and Investigations Subcommittee, Representative Sean Duffy (R-Wisconsin), has been an outspoken critic of Dodd-Frank. The post House Subcommittee to Hold ‘Dodd-Frank Act and Regulatory …

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