Author name: Ricky Vasquez

HomeServices of America’s mortgage unit, Prosperity Home Mortgage, is expanding into loan servicing, a strategic move by the Berkshire Hathaway affiliate that signals a heightened retention threat for competing lenders accustomed to picking up offloaded purchase borrowers. Processing Content By retaining long-term servicing rights in-house, Prosperity eliminates the post-closing handoff to external institutions, creating an […]

ICE Mortgage Technology will not be charging for access for software developer kit to Encompass after the Dec. 31 sunset date, providing some relief for those who have not made the switch, the company confirmed. Processing Content A copy of an email sent to clients who signed up for transitional access to Encompass SDK was

Key takeaway: The personal consumption expenditure index, the Federal Reserve’s preferred measure of inflation, increased to 3.7% in July. Supporting data: Core PCE inflation, which excludes volatile food and energy prices, rose 3.3% from a year earlier. What’s at stake: Federal funds futures contracts tracked by CME Group showed Wednesday that just under 60% of