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It hasn’t been this hard to get a mortgage in six years

Housing Wire

Mortgage credit in August was the tightest in more than six years as a weak economy prompted lenders to tighten standards, the Mortgage Bankers Association said in a report on Thursday. The group’s Mortgage Credit Availability Index fell 4.7% The data comes from about 95 lenders and investors, MBA said. 20 forecast.

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DocuSign lays off 400 employees following stalemate in sale talks  

Housing Wire

Founded in 2003 by Tom Gonser, DocuSign went public in 2018 and was valued at about $6 billion at the time. The company was also hurt by increased competition from Adobe Inc’ s document business as investors lost appetite for DocuSign’s unprofitable software stocks. DocuSign’s market capitalization is close to $10.5

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QC Ally acquires due diligence solutions firm Inglet Blair

Housing Wire

“When we thought about joining forces with a due diligence company, Inglet Blair’s depth of expertise, which allows it to comply with regulatory, rating agency, and investor requirements, made the decision an easy one,” Jeffrey Flory , QC Ally’s new CEO, said in a statement.

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MBA forecast for 2021: Prepare for rising mortgage interest rates

Housing Wire

At its Annual event Wednesday, Mortgage Bankers Association Chief Economist Mike Fratantoni forecast that interest rates could rise in the year to come, but that they will remain near all-time lows. The chart below shows interest rates for the 30-year fixed-rate mortgage will end this year at about 3% and could hit around 3.3%

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Wipro Opus Risk Solutions Hires Kebra Rhedrick as Chief Compliance Counsel

Appraisal Buzz

Rhedrick previously served as in-house counsel for JPMorgan Chase Bank, where she gained extensive experience representing investors and servicers in residential mortgage-backed securities focusing on root cause analysis of non-performing assets.

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The last time houses were this unaffordable was 2006

Housing Wire

in February, which was the first month to see price growth greater than 20%, according to Black Knight ’s monthly mortgage monitor report. Adjustable-rate mortgages, which typically have lower interest rates than fixed-rate mortgages, have become an attractive option for borrowers in a challenging housing market.

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Top-producing Draper and Kramer LOs spurn NAF

Housing Wire

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. This is reflected in data collected by the mortgage tech platform Modex and the Nationwide Multistate Licensing System (NMLS). NAF, founded in 2003 by Patty and Rick Arvielo , originated $8.4 billion in mortgages in 2023. and NFM Lending.