Agencies announce pilot project to improve supervision of lenders

National Mortgage Professional

Nov 18, 2007

NSN Solutions' Velma integrates with Calyx PointMortgagePress.comMortgage marketing software Velma, NSN Solutions' virtual marketing assistant software, now offers Calyx Point integration, eliminating the need for manual data transfer. "We always had the ability to pull data out of [Calyx] Point, but our new system allows for a simple wizard-type download, which pulls all the critical data, including adjustable-rate mortgage expiration and loan anniversary data," said Dan Sullivan, vice president of marketing for Velma.com. Based in Boise, Idaho, NSN Solutions is a provider of marketing software solutions to the mortgage industry. For more information, call (208) 854-7905 or visit www.velma.com.

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Nov 18, 2007

Analysis and Data

Mortgage Rates Spike For 6th Straight Week

Freddie Mac survey finds 30-year fixed-rate mortgages now average 6.7%, more than double the rate at this point last year.

Mortgage rates jumped again this week, marking the sixth straight week of increases, Freddie Mac said Thursday. According to Freddie Mac's Primary Mortgage Market Survey, rates for the 30-year fixed, 15-year fixed and 5-year adjustable mortgages all increased by at least 33...

Wholesale

Finance of America Plans To Sell Retail Unit, Close Wholesale

Company has posted 3 straight quarterly losses, and has reduced its workforce by 20% in 2022.

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