News

The big interest rate cut finally happened — here’s what the mortgage industry had to say.

Fed Cuts Rates for First Time Since the Start of the Pandemic. Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds rate by 0.50 percentage points to a range of 4.75% to 5%.

In my articles “From Forms to Reports: A Look at the UAD Overhaul” and “The New UAD: Don’t Borrow Trouble,” we explored the fundamental changes brought about by the new UAD standards and addressed common concerns within the industry. In this final article, we will look more closely at the practical implications of these changes. How will lenders order appraisals without standard form numbers? How will appraisers price their services based on the dynamic nature and the scope of work concept? How should appraisers prepare themselves now for the upcoming changes in UAD? And how can we be ready for the champion-challenger selection of software?

Voxtur Analytics Corp. is excited to announce a new strategic engagement with Deephaven, a prominent non-agency mortgage aggregator.

Many in our industry are “borrowing trouble” when they prematurely conclude that the new UAD and GSE report writing requirements will be detrimental. Just as my father taught me to address challenges as they arise, rather than worrying about potential issues, we should approach these new requirements with an open mind, prepared to adapt and find solutions. In this article, I want to address some myths about what the future holds and introduce some possible solutions software providers are working on to proactively address these changes.

Voxtur Analytics (VXTR)is pleased to announce that Chief Investment Officer and Chief Operating Officer Jordan Ross has received Inman’s 2024 Best of Finance Award.