Nine in ten lenders now use some form of digital mortgage during origination, up from 74% just two years ago, according to a survey of 100 lenders spanning banks, credit unions and independent mortgage banks. For the remaining 10%, the gap is starting to show up on the bottom line: lenders using eNotes can save […]
eNotes hit 15% of MERS volume; laggards risk $300/loan Read More »
Dynex Capital has been increasingly investing in specified pools as part of a strategy that drove consensus-beating earnings to common shareholders in the second quarter, highlighting some broader trends related to prepayment protection. Processing Content The real-estate investment trust generated $178.4 million in net income to common shares during the period, beating the S&P Capital
Why Dynex bet on spec pools as AI refi risk looms Read More »
The International Brotherhood of Teamsters is introducing a union-backed homeownership program to provide educational resources and lender discounts to help its members qualify for a mortgage loan. Processing Content Called HomeAhead, the initiative will be administered by Union One, the organization responsible for introducing and expanding benefits for workers of different labor groups. The financial
Lenders: Teamsters’ new HomeAhead is a referral pipeline Read More »