Alaska industry appointments update - 11/13/2006

Nov 12, 2006

Overture announces newest release of Mozart AUSMortgagePress.comAutomated underwriting platform Overture Technologies has released the latest version of its automated underwriting, pricing and product selection tool for mortgage lenders and investors, Mozart AUS 5.0. This latest release of Mozart AUS includes a new pre-qualification capability, a rate-lock timer, a pricing markup feature and access to automated valuation models. Overture Technologies is a developer of decisioning technology for the mortgage industry, based in Bethesda, Md. For more information, call (301) 492-2140 or visit www.overturetechnologies.com.

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Nov 12, 2006

People On The Move

Christensen, Andrus Added At CE Class Leader

Maximum Acceleration hires mortgage exec. as education director, adds banking manager

Brandon Christensen, a longtime mortgage broker and trainer, has been named Director of Education and National Instructor for Maximum Acceleration LLC, a leading NMLS-approved course provider for mortgage pre-license and continuing education. "Having Brandon join our amaz...

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...