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How new analytics can help lenders expand access to mortgage credit

Housing Wire

As the economic recovery from COVID-19 continues, conflicting trends in mortgage credit availability have emerged. The Federal Reserve Bank of New York reports that the number of mortgages reached its highest level to date in 2020, with $1.2 trillion in new home loans in the fourth quarter of 2020 alone. this June. .

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Fed pauses rate hikes in June. But how long will it last?

Housing Wire

The Federal Reserve (Fed) maintained the federal funds rate in the 5% to 5.25% range on Wednesday, following 10 consecutive hikes that brought rates to a level never seen since 2007. The CME FedWatch Tool showed a 98% chance the Fed would hold rates at the current range on Wednesday morning, according to interest rate traders.

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Nearly 40 housing tech firms make the 2023 Inc. 5000 list

Housing Wire

As a consequence, the number of real estate, mortgage and general housing tech firms to make the annual Inc. Mortgage origination platform Maxwell , which was in the top 200 last year and a HW Tech 100 award winner in 2021, was ranked No. The past year hasn’t been particularly good for tech or housing. The company was No.

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Deephaven CTO on building a non-QM tech stack

Housing Wire

HousingWire Editor in Chief Sarah Wheeler sat down with Matt Lehnen, chief technology officer at Deephaven Mortgage , to talk about building a tech stack for non-QM loans. ML: Our bank statement scenario tool, because a high number of our loans are bank statement income-based. On the front end, AI is deploying tools for our users.

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ReverseVision acquired by Constellation Software

Housing Wire

Reverse mortgage software solutions and loan origination system (LOS) provider ReverseVision announced on Thursday morning that it has been acquired by a division of Toronto-based Constellation Software , a holding company that bought another mortgage LOS in 2019. Leadership at Constellation Mortgage Services, Inc.

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FHA Commissioner Julia Gordon talks MIP cut

Housing Wire

More than two years after mortgage industry trade groups began openly calling on the Federal Housing Administration ( FHA ) to cut annual premiums on mortgages the agency insures, the Biden administration and the FHA have done just that. So, that’s always a risk for any mortgage insurance company. Has that changed?

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HW+ Member Spotlight: Reina Ramos

Housing Wire

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors.

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