National Homebuyers Fund unveils down-payment assistance program

Dec 10, 2006

Market Kinetix launches Deal Maker analysis toolMortgagePress.comMortgage credit analysis Market Kinetix LLC has launched Deal Maker, a scientific analysis software tool designed to provide loan originators with a customized action plan on how borrowers may achieve a target credit score in the shortest time possible. "Deal Maker takes the guesswork out of the equation and replaces it with clear, step-by-step instructions on how to correct any borrower's credit score, resulting in the desired increase," said Market Kinetix spokesman Ron Litt. Houston-based Market Kinetix is a marketing company specializing in the mortgage industry. For more information, call (888) 325-2008.

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Dec 10, 2006

Courts

LoanSnap Officially Loses Connecticut License

The AI mortgage startup formerly faced a cease and desist and a consent order from the State of Connecticut.

LoanSnap, Inc., an AI-powered mortgage startup, has had its license to operate revoked in Connecticut, according to a new Consent Order executed by the State's Banking Commissioner, Jorge Perez, on Oct. 2. The news follows LoanSnap's violation of a previous order, enacted in...

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...