Entries by Progress In Lending

WFG Lender Services Announces “Five-Second” Title Report

WFG Lender Services, in conjunction with its affiliated title insurance underwriter, WFG National Title Insurance Company (WFG), a Portland-based, full-service provider of title insurance and real estate settlement services, announces DecisionPoint, a new  product that can process title requests within seconds by simply using the borrower’s name and the property address. Featured Sponsors:   Lenders will […]

MAXEX Receives Investment From New Strategic Investor

MAXEX, a residential mortgage loan exchange, announced today the closing of a Series B investment round that was led by AGNC Ventures, an affiliate of AGNC Investment Corp. (“AGNC”) and included the participation of Moore Asset Backed Fund, LP and other repeat institutional and private investors. AGNC is the largest internally-managed mortgage real estate investment […]

New Trading Platform Drives Automated Bidding And Trade Execution

Mortgage Capital Trading, Inc. (MCT), a mortgage hedge advisory and secondary marketing software firm, has officially launched Trade Auction Manager (TAM) to enable more efficient bidding of TBA mortgage-backed securities used by lenders to hedge their open mortgage pipelines. The browser-based software module is accessible via MCTlive!, the company’s award-winning comprehensive capital markets platform. Featured Sponsors:   […]

Commercial/Multifamily Originations Increase 12 Percent In The First Quarter

Commercial and multifamily mortgage loan originations rose 12 percent in the first quarter compared to the same period last year , according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations. In line with seasonality trends, originations the first three months of the year were 34 percent lower than the fourth […]

Mortgage Delinquencies Rise In The First Quarter

The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 4.42 percent of all loans outstanding at the end of the first quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.  Featured Sponsors:   Despite an uptick of 36 basis points on a quarterly basis, the […]

Seriously Underwater Properties Increase

ATTOM Data Solutions released its Q1 2019 U.S. Home Equity & Underwater Report, which shows that at the end of the first quarter of 2019, more than 5.2 million (5,223,524) U.S. properties were seriously underwater (where the combined balance of loans secured by the property was at least 25 percent higher than the property’s estimated […]

Mortgage Credit Availability Increased In April

Mortgage credit availability increased in April according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from Ellie Mae’s AllRegs Market Clarity business information tool. The MCAI rose 2.1 percent to 186.0 in April. A decline in the MCAI indicates that lending standards are tightening, while […]

Newly Formed Boutique Consulting Firm Promises A New Approach

BlackFin Group – a boutique-style consulting firm focused on mortgage banking and financial services, announced that it has formally launched operations with the goal of bringing a unique method to projects that drastically deviates from the way traditional consulting practices work with clients. The essence of BlackFin Group’s business model and value proposition is to offer fixed project pricing, well-defined […]