Interthinx expands lender access to FraudGUARD

National Mortgage Professional

Jul 12, 2007

Ellie Mae releases Encompass 3.0MortgagePress.comMortgage management software Ellie Mae has released version 3.0 of Encompass, its mortgage management solution. Encompass 3.0 features 12 new enhancements, which make managing the loan cycle quicker, easier to use and more efficient. The new system enables deeper two-way communication with borrowers and vendors, handles more varied loan programs and integrates with more third-party technology. Dublin, Calif.-based Ellie Mae is a software and services provider for the mortgage industry. For more information, call (877) 355-4362 or visit www.elliemae.com.

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Jul 12, 2007

Analysis and Data

Monthly Rental Costs Increase Putting Strain on Renters

Realtor.com reported Thursday that the median rent price hit $1,827 in April.

The relentless rise in the cost of rent continued in April with the 14th consecutive month of record setting prices. Realtor.com reported Thursday that the median rent price hit $1,827 in April, highlighting the affordability struggles reported by renters. “April data illu...

Industry News

Mortgage Industry Will Soon Be ARMed To The Teeth

ARM loans might be a saving grace to borrowers who recently purchased a home, but it comes with risks.

According to a new report by Redfin, the typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking out an adjustable-rate mortgage. That’s the largest savings in dollar volume for adjustable-rate mortgage (ARM) holders since at l...