Beanstalk Networks appoints new vice president of regional sales

Aug 28, 2006

MBS-ProClose releases export plug-in for Dynatek customersMortgagePress.comMortgage automation solutions MBS-ProClose Inc. has partnered with Dynatek, in order to develop a ProClose closing system plug-in for Dynatek's MORvision loan origination system. The plug-in allows users to export loans, including those with custom fields, to ProClose, directly from MORvision. The plug-in has been posted to Dynatek's production Web site and is available for download by any MORvision client. McLean, Va.-based MBS-ProClose Inc. is a mortgage lending software developer, specializing in mortgage companies and community banks. For more information, call (800) 783-2283 or visit www.proclose.com. Livonia, Mich.-based Dynatek is a mortgage automation solution developer, specializing in retail and wholesale lending. For more information, call (800) 462-5545 or visit www.dynatek.com.

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Aug 28, 2006

Analysis and Data

Mortgage Applications Fall After Rate-Jump

Refinance applications still 159% higher on an annual basis, reflecting last year's record lows

In the wake of a positive jobs report and subsequent rise in mortgage rates, more prospective borrowers held back this past week. Mortgage applications fell by 5.1% the week ending October 4, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applicati...

Home Equity

Senior Home Equity Reaches $14 Trillion

National Reverse Mortgage Lenders Association and RiskSpan release quarterly report

Older homeowners have amassed more home equity than ever before, thanks to just the right balance of factors occuring simultaneously. Homeowners ages 62 and older saw their housing wealth increase by $600 billion in the first quarter of 2024, reaching $14 trillion, accord...