Lender Lead Solutions announces LIBOR-based HECM

Oct 01, 2007

MISMO revamps Web siteMortgagePress.comMortgage industry data standards MISMO has launched its new Web site, which features updated content, search options, navigation and innovative design features. The site offers users an easy-to-use forum for learning more about MISMO, its guidance and specifications, industry news, reasons to adopt MISMO standards and more. Washington, D.C.-based MISMO is a nonprofit subsidiary of the Mortgage Bankers Association established to develop mortgage data exchange and file specification standards for the mortgage industry. For more information, call (202) 557-2772 or visit www.mismo.org.

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Oct 01, 2007

Analysis and Data

Interest Rate Cut Reinforced By Wednesday's Inflation Data

Consumer Price Index makes smallest annual increase in three years

The latest inflation data fortifies expectations for the Federal Reserve to make its first interest rate cut in more than four years next week. The Consumer Price Index rose 2.5% over last year this August, ticking up just 0.2% from July, the U.S. Bureau of Labor Statisti...

Tech

UWM Works To KEEP The Refis Rolling In

The wholesaler launches an AI-driven system, KEEP, that identifies borrowers in need of a refinance

To keep refinances rolling in, United Wholesale Mortgage (UWM) has launched KEEP, a program utilizing AI to send borrowers pre-validated refinance opportunities as soon as they may obtain meaningful savings on their monthly payments. Instead of cold-calling or emailing every...