Public Service Presentation Links Scoring Factors with Perfection: FICO 850 Combination Unlocked for All

Author:  //  Category: Mortgage

SubscriberWise founder and USA Credit Captain David E. Howe continues to shape FICO and world financial history through educational bequest to fellow citizens

DENVER, CO, USA, October 18, 2017 /EINPresswire.com/ — SubscriberWise (www. …

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Public Service Presentation Links Scoring Factors with Perfection: FICO 850 Combination Unlocked for All

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Freddie Updates Appraisal Requirements

Author:  //  Category: Mortgage

Updates are being made to the Federal Home Loan Mortgage Corp.’s appraisal policies. The change is being made to streamline requirements.

Freddie Mac’s underwriting guidelines require that a new appraisal is obtained when the settlement date is more than 120 days after the note date.

But in an effort to streamline appraisal policies, the McLean, Virginia-based government-sponsored enterprise is eliminating that requirement.


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Freddie Updates Appraisal Requirements

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MGIC Earnings Leap as Delinquency Sinks

Author:  //  Category: Mortgage

Quarterly earnings at MGIC Investment Corp. soared on a year-over-year basis, while new business improved on a quarter-over-quarter basis. Delinquency sank.

The Milwaukee-based mortgage insurance company reported in its third-quarter 2017 earnings report that it earned $184 million before taxes.

Earnings soared compared to the $84 million earned in the same-three months last year. But there was little change in income from $181 billion in prior quarter.


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US Bank Mortgage Income, Lending Down from Yr Ago

Author:  //  Category: Mortgage

While quarterly mortgage earnings and originations held up from the prior period at U.S. Bancorp, both retreated from a year ago. Residential holdings expanded, though.

From July 1 through Sept. 30 of this year, the financial institution earned $2.2 billion before taxes, according to its third-quarter earnings report.

Company-wide income at the Minneapolis-based organization was little changed compared to $2.1 billion in the previous quarter and the same quarter last year.


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US Bank Mortgage Income, Lending Down from Yr Ago

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Weekly Mortgage Application Volume Increases

Author:  //  Category: Mortgage

Prospective borrowers were busier during the holiday week completing applications for a new mortgage. Both refinancing and purchase financing activity accelerated.

The Market Composite Index for the seven days that concluded on Oct. 13 moved up 4 percent from the preceding week. The index was adjusted for Columbus Day.

However, when no adjustments are made for seasonality, the index — a representation of retail residential loan applications — tumbled 7 percent from the week ended Oct. 6.


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Weekly Mortgage Application Volume Increases

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Qualified Intermediary Capital Advisor Founder Dr. Robert Hetsler, Jr. to Speak at Oregon Real Estate Investor’s Expo

Author:  //  Category: Mortgage

Network with national real estate experts at this complimentary, one-day event.

JACKSONVILLE, FLORIDA, UNITED STATES, October 18, 2017 /EINPresswire.com/ — Dr. Robert Hetsler, Jr., J.D., CPA, CVA, FCPA, CFF, MAFF, CMAP, the founder and managing …

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Qualified Intermediary Capital Advisor Founder Dr. Robert Hetsler, Jr. to Speak at Oregon Real Estate Investor’s Expo

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Global Luxury Hotels Market 2017 Share, Trend, Segmentation And Forecast To 2022

Author:  //  Category: Mortgage

Luxury Hotels -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2022

PUNE, MAHARASHTRA, INDIA, October 18, 2017 /EINPresswire.com/ — Luxury Hotels Industry

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Global Luxury Hotels Market 2017 Share, Trend, Segmentation And Forecast To 2022

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Bank Regulators Waive Appraisals in Hurricane Areas

Author:  //  Category: Mortgage

In an effort to help the recovery of areas impacted by the recent hurricanes, federal banking regulators have temporarily waived the requirement for an appraisal.

Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 requires federally regulated financial institutions to use state certified or licensed appraisers to perform appraisals on loans.

But Section 2 of the Depository Institutions Disaster Relief Act of 1992 authorizes regulators to make exceptions to statutory and regulatory appraisal requirements of Title XI for areas that the president declares a major disaster.


Bank Regulators Waive Appraisals in Hurricane Areas

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5-Month High for GSE Refinances

Author:  //  Category: Mortgage

The volume of government-sponsored enterprise loans that were refinanced ascended to the highest level in five months — though government supported refinances remain weak.

Refinances of loans backed or owned by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. totaled 124,997 units during August.

The last time that GSE refinances were this strong was in March, when primary mortgage originators refinanced 143,455 single-family loans.


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Mortgage Origination Outlook Boosted By $249 Bil

Author:  //  Category: Mortgage

The latest forecast for overall residential loan production this year and next year has been beefed up by nearly $250 billion. But last year’s estimate of purchase financing was cut.

During the fourth quarter, $427 billion in single-family loans are expected to be originated by U.S. home lenders. The total includes loans to finance a home purchase and refinances.

Business is then expected to tumble to $359 billion in the first-three months of next year then rise to $476 billion during the second-quarter 2018.


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