Westerra Credit Union Goes Live on Blue Sage’s Digital Lending Platform

By | October 18, 2021
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Scalable, end-to-end cloud-based solution sets up credit union for future growth DENVER, Colo., October 17, 2021 – Westerra Credit Union, a Denver-based financial services community that offers mortgages and other financial products to its members, announced it went live on the Blue Sage Solutions Digital Lending Platform. Designed with modern technology, the cloud-based Digital Lending Platform provides mortgage… Read More »

BlackFin Welcomes Suha Beidas Zehl as Chief Innovation Officer

By | October 8, 2021
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Zehl joins a growing team of mortgage industry consultants to advance innovation. ENGLEWOOD, CO—October 5, 2021—BlackFin Group, a management consulting firm serving the Banking and Mortgage Industries, has announced that industry veteran Suha Beidas Zehl has joined the company as Chief Innovation Officer, effective October 11, 2021. In her new role, she will be working on live projects,… Read More »

7 Key Questions On Mortgage Blockchain Viability – answered by Provenance, Figure, Sagent

By | October 4, 2021
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So the team used Figure as a proof case to originate, service, and securitize personal and home equity loans. Three things have happened as a result: (1) Figure has gotten big banks to participate in native Provenance Blockchain securitizations, and momentum is growing because — in the example of home equity loans — Provenance has cut 117 basis… Read More »

Covid mortgage bailouts are expiring fast, but here’s why a foreclosure crisis is unlikely

By | September 11, 2021
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Extraordinarily high levels of home equity, thanks to the recent runup in home prices, has struggling borrowers in a far better position now than they were at the start of the pandemic. The number of active mortgage forbearance plans, in which borrowers were allowed to delay their monthly payments, fell by more than 5% from the previous week,… Read More »

Mortgage demand falls to lowest in two months as rates stagnate

By | September 8, 2021
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“Refinance volume has been moderating, while purchase volume continues to be lower than expected given the lack of homes on the market,” said Mike Fratantoni, MBA’s chief economist. “Economic data has sent mixed signals, with slower job growth but a further drop in the unemployment rate in August. We expect that further improvements will lead to a tapering… Read More »

A tsunami of deferred debt is about to hit homeowners no longer protected by a foreclosure moratorium

By | August 2, 2021
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Those who aren’t forced out will still be displaced if selling is their only option, and an estimated 1 in 10 borrowers in forbearance will not have enough equity to sell. And while Congress approved $10 billion in federal assistance to help homeowners pay off debt, the program is moving so slowly that protections are expiring before states… Read More »

Sharp dive for mortgage rates sets off new refinancing boom

By | July 30, 2021
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“Refinance applications jumped, as the 30-year fixed mortgage rate declined to its lowest level since February 2021,” says Joel Kan, the MBA’s forecaster. “With over 95% of refinance applications for fixed-rate mortgages, borrowers are looking to secure a lower rate for the life of their loan.” Homeowners stormed the refinance market as the average rate on a 30-year… Read More »

Here’s when the eviction ban, foreclosure moratorium and other Covid consumer protections expire

By | July 27, 2021
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The federal eviction moratorium is scheduled to lapse on July 31. While it has been extended multiple times throughout the pandemic, it is not likely to be again. Some states, however, have independently extended the protection — New York’s moratorium lasts through August 31, for example. States also still have billions of dollars in rental relief to give out… Read More »

BlackFin Group Sets Date For Second ILC Conference

By | February 17, 2021
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Industry leaders set to come together to address industry’s most significant challenges. LAGUNA HILLS, CA—February 17, 2021—BlackFin Group, a management consulting firm serving the Mortgage Banking Industry, has set the date for the second meeting of its innovation-focused think tank, the Innovation Leadership Cohort (ILC). The ILC is composed of notable industry leaders from regional, state and community… Read More »