CML Slams "Misleading Reports" - 2004-05-24
The most recent housing market forecast from the Council of Mortgage Lenders has produced several frightening headlines. But did they really say interest rates may double to halt soaring house prices?...

Not quite. The first page of their forecast clearly states that they have not departed from their prediction of a soft landing: "Despite renewed activity in the housing market, we are sticking to our central expectation of a gentle slowdown."

Prices, currently running at close to 20% will finish 2004 in double digits - 14% in their view- and thereafter, as gradual interest rate rises begin to bite, the market will moderate.
Read the full story at Find a Property

RMIC Joins Advectis BlitzDocs Certified Underwriting Provider Program; Newest Provider in Paperless Loan Processing Certification Program - 2004-05-24
Advectis, a supplier of paperless origination, underwriting and loan archiving solutions specifically tailored for the mortgage industry, revealed the addition of RMIC (Republic Mortgage Insurance Company) to its BlitzDocs(TM) Certified Underwriting Provider Program. The BlitzDocs certification program enables contract underwriting service providers to certify to their lender customers that they are fully trained and prepared to deliver those services via the BlitzDocs solution.

"The BlitzDocs Certified Underwriting Provider Program was created as a service to lenders," said Greg Smith, president and CEO of Advectis, Inc. "Currently several of the top 20 lenders are using BlitzDocs technology in their origination and underwriting operations.
Read the full story at Business Wire