mortgages

A mortgage loan or, simply, mortgage is used either by purchasers of real property to raise funds to buy real estate, or alternatively by existing property owners to raise funds for any purpose, while putting a lien on the property being mortgaged.

Source: en.wikipedia.org

Google Cloud’s AI Tool Automates Mortgage Document Processing

Google Cloud’s AI Tool Automates Mortgage Document Processing
Google Cloud’s AI Tool Automates Mortgage Document Processing
October 19, 2020  |  Loans

Google Cloud is aiming to innovate the mortgage industry with its new artificial intelligence (AI) tool called Lending DocAI. Get the Full Story Complete the...

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Bank Of America Says Consumer Spending Is Up, Card And Mortgage Delinquencies Down
Bank Of America Says Consumer Spending Is Up, Card And Mortgage Delinquencies Down
October 14, 2020  |  Banking

Bank of America (BofA) said on Wednesday (Oct. 14) that it is seeing a full restoration of customer spending, along with declines in delinquencies on...

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Alternatives Federal Credit Union On How Credit Solutions Provide Financial Lifelines
Alternatives Federal Credit Union On How Credit Solutions Provide Financial Lifelines
September 28, 2020  |  Credit Unions

More consumers are looking to access loans during the pandemic, but some lack the credit histories needed to obtain them. Credit unions can step up,...

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Digital Mortgage Startup Blend Expands Into Consumer Banking
Digital Mortgage Startup Blend Expands Into Consumer Banking
September 23, 2020  |  Digital Banking

Blend, the home loan tech startup, isn’t done growing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...

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About 1M Homeowners Could Face Foreclosure
About 1M Homeowners Could Face Foreclosure
September 17, 2020  |  Loans

Approximately one million homeowners are at risk of losing their homes through foreclosure despite the safety net established by Congress at the start of the...

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Will US Homeowners Manage To Avoid Falling Off A Mortgage Forbearance Cliff?
Will US Homeowners Manage To Avoid Falling Off A Mortgage Forbearance Cliff?
September 14, 2020  |  Loans

When Congress first passed the CARES Act earlier this year to ameliorate COVID-19’s economic havoc, U.S. homeowners with mortgages on their properties were among the...

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Blend CEO: Why Mortgage Lending Needs More Data, Not More Documents
Blend CEO: Why Mortgage Lending Needs More Data, Not More Documents
August 31, 2020  |  Real Estate

The great digital shift might upend the way we get mortgages, transforming a $2.1 trillion industry weighed down by time-consuming processes to one that is...

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Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
Lenders Ask Homebuyers To Certify They Won’t Seek Forbearance
August 25, 2020  |  Loans

Mortgage lenders, seeking to keep losses low, are asking homebuyers if they plan to seek forbearance due to the current economic crisis, The Wall Street...

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Q2 Mortgage Delinquency Rate Highest In 9 Years
Q2 Mortgage Delinquency Rate Highest In 9 Years
August 17, 2020  |  Loans

Mortgage loans saw delinquency rates spiking in the second quarter of the year as the pandemic continued, according to a press release from the Mortgage...

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