Cogent Road debuts new underwriting product

National Mortgage Professional

Mar 17, 2008

Fannie Mae introduces HomeSaver AdvanceMortgagePress.comHomeStay initiative, at-risk borrowers, refinancing, loan workout assistance, delinquent mortgages Fannie Mae has announced that, as part of its HomeStay initiative to support its mortgage servicers as they provide at-risk borrowers with refinancing and loan workout assistance, it is offering a new optionHomeSaver Advance. HomeSaver Advance is designed to help qualified borrowers bring delinquent mortgages current and keep their homes. With HomeSaver Advance, servicers can now offer an unsecured, personal loan that will enable a qualified borrower to cure the payment default on a mortgage loan that Fannie Mae owns or has securitized with fewer up-front costs and, generally, in less time. Fannie Mae is a government-sponsored enterprise based in Washington, D.C. For more information, call (202) 752-7000 or visit www.fanniemae.com.

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Mar 17, 2008

People On The Move

MBA Appoints Rachel Kelley Legislative Affairs VP

Kelley's focus will be on Republican members in the House.

The Mortgage Bankers Association appointed Rachel Kelley as its vice president of legislative affairs, with a focus on advocating MBA's legislative and policy priorities on Capitol Hill, particularly among Republican members of the U.S. House of Representatives. Kelley bring...

Analysis and Data

Mortgage Applications Inch Up 0.3%

Despite a 50 basis point decline in rates over past six weeks, purchase activity remained approximately 20% lower than the previous year.

Mortgage applications saw a marginal uptick of 0.3% for the week ending Nov. 24, 2023, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. The results, however, have been adjusted to account for the Thanksgiving holiday. The ...