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Lenders’ Share of Purchase Volume Picks Up in March According to Origination Insight Report

By xhevrije Lenders’ share of mortgage purchase volume increased for the first time in 2015, jumping 5 percent according to the latest Origination Insight Report released by Ellie Mae, a leading provider of on-demand software solutions and services for the residential mortgage industry. The report found that purchases represented 46 percent of lenders’ overall volume in March, compared to 53 …

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Appellate Court Dismisses Company’s Constitutional Challenge to CFPB’s Authority

By Brian Honea The U.S. Court of Appeals for the District of Columbia Circuit dismissed a constitutional challenge to the Consumer Financial Protection Bureau (CFPB) brought about by Costa Mesa, California-based support services company Morgan Drexen Integrated Systems. The post Appellate Court Dismisses Company’s Constitutional Challenge to CFPB’s Authority appeared first on DSNews. Via:: Appellate Court Dismisses Company’s Constitutional Challenge …

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Mortgage Rates Continue Disturbingly Higher

By Matthew Graham Posted To: Mortgage Rate Watch Mortgage rates continued higher today, extending a troubling move up to the highest levels since early March. Normally, movement in domestic interest rates is driven by economic data and inflation expectations. This time around, neither of those quintessential indicators are showing much cause for concern. Instead, it’s European market movements that have …

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Training Tips: How (and Why) to Evaluate a New Vendor’s Internal Training Program

By Brian Honea Ensuring a well-trained workforce could mean the difference between sinking or swimming in today’s strictly regulated environment. This select feature originally appeared in the May 2015 issue of DS News. The post Training Tips: How (and Why) to Evaluate a New Vendor’s Internal Training Program appeared first on DSNews. Via:: Training Tips: How (and Why) to Evaluate …

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Freddie Mac to Announce Q1 Financial Results Tuesday, May 5

By Brian Honea Freddie Mac reported a net income of $227 million for the fourth quarter of 2014, a decline of $1.9 billion from the third quarter. The GSE attributed the drop in net income to derivative losses, which totaled $3.4 billion for the quarter driven by declining interest rates. The post Freddie Mac to Announce Q1 Financial Results Tuesday, …

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OCC Announces Bank, FSA Growth in South

By xhevrije Financial conditions are improving in the Southern U.S., according to a report released by the Office of the Comptroller of the Currency (OCC). The report, which details the performance of national banks and federal savings associations (FSAs), showed that nine states in the OCC’s Southern District showed improvement in 2014. Those states included Alabama, Arkansas, Florida, Georgia, Louisiana, …

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