- Mortgage Spirit Provides Revenue Management and Loan Search and Pricing Technology to Mortgage Industry (Business Wire via Yahoo! Finance)
DENVER----Mortgage Spirit, a Denver-based loan search and pricing revenue management engine for the mortgage industry, was launched to improve the loan origination process by protecting and maximizing loan officers’ profits on every closed-loan transaction.
- Lenders One, DocMagic Partner for Mortgage Loan Fulfillment (Centre Daily Times)
Lenders One Mortgage Cooperative , a national alliance of mortgage bankers, has developed a partnership with Document Systems Inc. (DSI) to provide cooperative members with preferred pricing of DocMagic’s fully compliant initial disclosures and closing documents. DocMagic seamlessly integrates with all leading loan origination software systems to provide lenders with error-free mortgage ...
- Jumbo mortgage loan rates put damper on refinancing (Boston Globe)
While plunging mortgage rates have spawned a frenzy of refinancing, borrowers with larger, so-called jumbo loans are still seeing interest rates in the 7 percent range, prompting many to abandon refinancing plans altogether or resort to creative transactions.
- Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2) (Bloomberg)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand.
- Non-Agency Mortgage Bonds Rallied as Rates Declined (Update1) (Bloomberg)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime- jumbo mortgages with five years of fixed rates climbed 5 cents on the dollar in December to 75 cents, according to JPMorgan Chase & Co. data.
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