MBA: Applications for New Home Purchases Jumped 38 Percent in January
Applications for mortgages for new home purchases increased 38% on an unadjusted basis in January compared with December and were up 19.1% compared with...
Housing Starts Fell Nearly 15 Percent in January as Mortgage Rates Went Back on...
Housing starts tumbled in January, falling 14.8% compared with December to reach a seasonally adjusted annual rate of 1.331 million, according to estimates from...
American Financial Network Using Snapdocs as Part of its Digital Closing Strategy
American Financial Network is using Snapdocs’ e-closing and e-vault solutions to accelerate retail digital closing adoption, improve margins, and increase secondary market efficiency.
Snapdocs will...
NAHB: Homebuilder Confidence Increased for Third Straight Month in January
Homebuilder confidence continued to increase in January, rising four points to a score of 48 on the National Association of Home Builders (NAHB)/Wells Fargo...
Mortgage Rates Rise for a Second Week as Applications Plummet
Mortgage rates continued to rise this week, with the average rate for a 30-year fixed-rate mortgage increasing to 6.77%, up from 6.64% last week...
Augusta Mortgage Partners with Calque to Offer The Trade-In Mortgage
Georgia-based Augusta Mortgage Company is the latest lender to partner with Calque in launching The Trade-In Mortgage, a buy-before-you-sell program that allows borrowers to...
FirstFunding Hires Matt Coles as National Sales Manager
Matt Coles has joined FirstFunding Inc., a wholly owned subsidiary of First American Financial Corp. that provides warehouse funding to correspondent lenders, community banks,...
MBA: Mortgage Applications Dipped Last Week as Rates Increased
Mortgage application volume fell 2.3% during the week ended February 9, as the average rate for a 30-year, fixed-rate mortgage increased to 6.87%, up...
Guild Mortgage Acquires Retail Lending Assets of Academy Mortgage
Guild Mortgage has acquired the retail lending assets of privately held Utah-based lender Academy Mortgage Corp.
The deal strategically expands Guild’s market share and makes...
Optimal Blue: Mortgage Lock Volume Rose in January on Lower Rates
Mortgage lock volume increased 36% in January compared with December, in response to lower mortgage rates, according to the Optimal Blue Originations Market Monitor.
"The...
Freddie Mac Announces Two New VPs of Seller Engagement
Eric Wilson and Jonathan Kunkle have each been named vice president of seller engagement for Freddie Mac’s single-family division.
Wilson, who will handle the East...
Donna Schmidt: How Mortgage Servicers Can Protect Against Data Breaches
PERSON OF THE WEEK: The mortgage industry has been hit hard by cybersecurity incidents in recent months, causing alarm among both lenders and servicers....
Mortgage Cadence Promotes George Morales to National Sales Manager
George Morales been promoted to national sales manager at Mortgage Cadence, a subsidiary of Accenture offering digital lending software.
Morales has nearly 25 years of...
NAR: Home Affordability Improved Slightly in Q4 Due to Lower Mortgage Rates
Housing affordability marginally improved in the fourth quarter on the back of declining mortgage rates, according to the National Association of Realtors (NAR).
However, lack...
Mortgage Credit Increased in January But Lenders Continue to Pull Back
Mortgage credit availability increased in January, rising to a score of 92.7 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
That’s an...
Jet Mortgage Using OptifiNow’s Wholesale CRM Solution
Jet Mortgage, a rapidly growing wholesale mortgage lender based in California specializing in FHA, VA, and Non-QM lending, is the latest lender to sign up...
Fannie Mae: Consumers Had Brighter Outlook on Mortgage Rates and Employment in January
Consumer sentiment toward the housing market improved significantly in January, rising to a score of 70.7 on Fannie Mae’s Home Purchase Sentiment Index (HPSI).
That’s...
Mortgage Rates Flat This Week with 30-Year Hovering in Mid-Six Percent Range
Mortgage rates were more or less flat this week, with the average rate for a 30-year fixed-rate mortgage at 6.64%, up slightly from 6.63%...
Redfin: More Homebuyers Chose Where to Live Based on Politics and Local Laws in...
Local laws and politics have become an increasingly important factor for homebuyers moving to a new location, a recent survey conducted for Redfin shows.
The...
Mortgage Applications Increased Last Week as 30-Year Remained Basically Flat at 6.8 Percent
Mortgage application volume increased 3.7% during the week ended February 2, despite the average rate for a 30-year fixed-rate mortgage rising to 6.80%, up...