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Growing e-note use catches FHFA watchdog’s attention

Electronic notes did come in handy this year given the mortgage industry’s need to operate remotely, but they also increase the government-sponsored enterprises’ responsibility for monitoring the risk of multiple counterparties.

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CoreLogic rebuffs Senator and Cannae’s latest offer as inadequate

The potential acquirers included a “go shop” provision as a sweetener in the rejected offer.

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North Texas home sales make up for pandemic losses with August surge

The North Texas housing market continued to thumb its nose at the pandemic in August, with home sales up 11% from a year ago.

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Harrisburg area homes selling faster and at higher prices

The Harrisburg, Pa., area real estate market has come a long way since it was shut down completely by Gov. Tom Wolf due to COVID-19 back in March and reopened slowly in April and May.

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Commerce Home says FHLBank’s denial of membership akin to redlining

After being approved, retroactively denied and having a second application rejected, the firm is appealing the decision with federal regulators.

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Lenders can no longer put off tech investments: Panel

Any roadmaps for client service that existed before the pandemic have changed, according speakers at DigMo2020.

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Freddie Mac adding more features to digital servicing platform

The government-sponsored enterprise’s seller/servicer guide is now integrated into the online portal. Freddie also improved the readability of loan-level reporting it provides, and has further changes in the works.

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From IPOs to ice cream, 5 bits of wisdom from Quicken’s Bob Walters

Quicken Loans president and COO, Bob Walters, provided the first keynote of the 2020 Digital Mortgage Conference and gave insight into how this year changed the industry.

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Changes to the qualified mortgage rule are coming; be prepared

The proposals offer lenders both cause for celebration and for concern.

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Forbearance rate takes biggest plunge in a month

After flattening over the three prior weeks, the number of loans going into coronavirus-related forbearance dove at a rate not seen since early August, according to the Mortgage Bankers Association.

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