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As it gets ready for more competition from VantageScore, the company also did not comment on reports of yet another impending price hike.
October 28
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Michigan-based University Bancorp is paying $30 million for a 50.5% stake in a business Voxtur acquired for $101 million in 2022.
July 30
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The final rule governing the use of automated valuation models for home assessments is substantially similar to the initial proposal made last June.
July 17
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A Rocket Mortgage securitization is the first private investor deal with a high share of e-notes, and the company is considering use with another loan product type.
July 15
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The proposed class action suit claims the fintech lender purposefully pushed customers applying for HELOC loans into higher rates, or misrepresented rates at the beginning.
June 11
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Though home mortgage issuance has slumped in line with originations, new potential bank capital rules and increased consumer debt consolidation could boost activity for these two subsets in the secondary market.
October 23
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The customers were affected by an incident involving a Progress Software program used by Sovos Compliance.
August 31
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The new technology expands the capabilities of automation used to obtain digital transcript information from self-employed borrowers.
August 7
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Fourth Capital Bank's collaboration with the megalender is made possible through a partnership with Q2 Holdings.
February 1
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New York-based broker platform Prevu currently offers buying and selling services in the Northeast, Texas and the West Coast.
October 27
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The automation provider, which could merge with ICE Mortgage next year, is updating secondary market tools sorely needed in a volatile market.
October 19
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The development, touted as an industry-first, is the latest move by the government-sponsored enterprises to expand housing opportunities for first-time and underserved homebuyers.
October 18
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Even though a Compass Point report states the pair have validated the credit scoring model and could implement it in the first quarter of 2023, interested parties would not verify it.
September 2
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The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.
June 29
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Delays in closing the deal after it was announced in August resulted in the parties' decision to remain separate, although they will still work together.
June 7
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Mortgage companies selling loans to the government-sponsored enterprise will be able to use the information for one type of employment check as well as to validate income and assets.
May 27
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The $146 million deal could indicate that volume in the asset class has gotten large enough to support programmatic activity in the pricey housing market.
October 12
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The pandemic, a refinancing boom and intensified appraiser shortage boosted appraisal alternatives in line with the rise in remote work. Now an overheating purchase market and policymaker scrutiny are shifting priorities.
September 13
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The government bond insurer allowed lenders to become “eIssuers” a little over a year ago, and the move contributed to a large surge in electronic notes this year.
September 7
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The expanded credit access in its automated mortgage decisioning goes into effect in mid September.
August 11
