Fixed-rate mortgages dominate refinance market

National Mortgage Professional

Apr 10, 2008

Stewart launches innovative approach to closing loansMortgagePress.comTouchSign technology, digital documents, touch screens Stewart Information Services Corporation announced the launch of its new TouchSign technology, which converts the traditional closing table from pen and paper to digital documents and touch screens. Stewart's TouchSign solution allows consumers to perform the real estate closing simply by touching a finger to the computer screen in compliance with applicable regulations. Consumers are able to navigate through their closing documents by tapping the TouchSign screens to provide their consent and signature for closing documents. The TouchSign kiosk is designed to work with Stewart's eClosingRoom technology. Through this solution, consumers are able to accept and review documents over the Internet. Stewart Information Services Corporation is a customer-driven and technology-enabled, real estate information, title insurance and transaction management company based in Houston. For more information, call (800) 783-9278 or visit www.stewart.com.

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Apr 10, 2008

Analysis and Data

Mortgage Rates Fall For 3rd Straight Week

The 30-year mortgage dropped to 6.32%, lowest since mid-February.

Amid continued economic unrest, mortgage rates fell for the third consecutive week this week, Freddie Mac said Thursday. According to the government-sponsored enterprise’s Primary Mortgage Market Survey (PMMS), the 30-year, fixed-rate mortgage (FRM) averaged 6.32%, down 10 ...

Regulation and Compliance

Chopra: Nonbanks, Mortgage Servicers May Also Pose Systemic Risk

CFPB director tells Consumer Bankers Association conference such a failure could lead to 'chaos.'

What happens if a nonbank lender or large mortgage servicer fails? That’s a question that recently has been keeping Consumer Financial Protection Bureau Director Rohit Chopra awake at night. "A major disruption or failure of a large mortgage servicer really gives me a night...