Recent FHA changes: What you need to know

Dec 09, 2007

Loan Score joins AUS with Desktop UnderwriterMortgagePress.comMortgage automated underwriting software Loan-Score Decisioning Systems LLC (LSDS) has integrated its automated underwriting system (AUS) with Fannie Mae's Desktop Underwriter. The integration enhances the ability of users of LSDS' AUS to underwrite conforming, Federal Housing Administration and other government loans, by adding embedded functionality that directly incorporates Desktop Underwriter findings into LSDS' pricing and automated underwriting decision. Irvine, Calif.-based LSDS is a provider of enterprise-class automated underwriting solutions for lending institutions. For more information, call (800) 617-0892 or visit www.loan-score.com.

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Dec 09, 2007

Analysis and Data

Mortgage Industry Despairs Over Positive Jobs Report

Leading to 'crushed' expectations of another significant rate cut

The September jobs report came back with flying colors, adding far more jobs than Wall Street economists projected while the unemployment rate ticked down, leading to what can only be called a crushing defeat for mortgage professionals. In response, the average rate for the ...

People On The Move

Pennymac Shakes Up Capital Markets Team

William Chang, Pennymac’s long-time capital markets leader, to "pursue other interests in the mortgage banking industry."

PennyMac Financial Services, Inc. and PennyMac Mortgage Investment Trust announced Thursday that William Chang will step down from his roles as Senior Managing Director and Chief Capital Markets Officer at PFSI, and Senior Managing Director and Chief Investment Officer at PM...