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How new analytics can help lenders expand access to mortgage credit

Housing Wire

Last year FICO introduced a new analytic tool designed to capture consumer credit risk specifically linked to economic disruptions. The FICO Resilience Index (“FRI”) is an always-on tool that complements the standard FICO Score to assess the resilience of consumers to economic shocks.

Mortgage 417
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ReverseVision acquired by Constellation Software

Housing Wire

The acquisition includes the components of ReverseVision’s full product suite including its core platform, ReverseVision Exchange (RVX), RVDOC Composer (RVDOC) that provides customized compliant reverse mortgage documents, and ReverseVision Sales Accelerator (RVSA) which includes advanced loan modeling and comparison tools.

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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.

Mortgage 371
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HW+ Member Spotlight: Reina Ramos

Housing Wire

Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. I’m focusing on preparing my lenders with the right tools to be successful and stay sharp in this ever-changing industry. The good news is that there’s a lot of cash in the market. HousingWire : What keeps you up at night and why?

Inventory 383
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Heidi Weed Receives Quarterly Production Achievement from the NHMR Board of REALTORS®

Lamacchia Realty

Since 2007, Heidi has been successfully helping clients throughout the home buying and selling process by sharing her experience, tools, and resources. Heidi is the first REALTOR® to qualify for this distinction since Lamacchia Realty opened its first Connecticut office in Southington last December.

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Fannie Mae Changes 2018

Robinson Appraisal Group

This form has been a requirement since 2009 as a tool to establish the increase, decrease or stabilization of markets in the aftermath of the housing crisis occurring between 2007 – 2010 due to sub prime lending practices. The most recent Fannie Mae change is the removal of the 1004MC form in an appraisal.

Tools 78
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Clear Capital and BeSmartee Partner to Bring Home Value Verification Solution to Mortgage Lenders

Clear Capital

property through our field valuation services and analytics tools, and improve their workflows with our platform technologies. Our goal is to provide customers with a complete understanding of every U.S.