Cardinal Financial issues first mortgage-backed security using FICO 10 T

Global analytics software leader FICO on Tuesday announced the launch of the first-ever government-issued mortgage-backed security (MBS) with loans originated using FICO Score 10 T. The MBS pool was issued by Cardinal Financial and included loans from the U.S. Department of Veterans Affairs (VA). FI
Read MoreTrump’s mass deportation plan could be ‘devastating’ to housing

President-elect Donald Trump’s plan to deport millions of undocumented immigrants could threaten one of the few bright spots in housing over the last few years: new home construction. Mass deportations would hit homebuilders and others in the construction sector with labor shortages, as a recent Red
Read MoreCollabra’s Russ Cofano: ‘Sick brokerages’ will cause the real estate industry to suffer

In a new episode of the “Real Estate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson speak with Collabra Technology CEO Russ Cofano to dive into cooperative compensation and the National Association of Realtors‘ (NAR) Clear Cooperation Policy (CCP), among other subjects.This co
Read MoreJesse Allen sets his sights on pushing Rate’s reverse division to the next level

The reverse mortgage division of Rate, formerly known as Guaranteed Rate, has been on a mission to bolster its market presence for the past few years. According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), the company grew its endorsement volum
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