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Mortgage Applications Increase After Dip in Mortgage Rates

A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly...

New Home Sales Unexpectedly Increase in October 

New home sales in October were at a seasonally adjusted annual rate of 632,000, an increase of 7.5% compared with September but down 5.8%...

Mortgage Delinquencies Continue Historic Low Trend in September

CoreLogic’s monthly Loan Performance Insights Report for September 2022 shows that 2.8% of all mortgages in the U.S. (approximately 1.4 million loans) were in...

Last Fannie Mae CIRT Transaction of 2022 Transfers $343 Million of Mortgage Credit Risk

Fannie Mae has executed its eleventh and final Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to...

Non-QM Lender Logan Finance Using OptifiNow TPO CRM

Non-QM lender Logan Finance is using OptifiNow TPO, a CRM platform designed for wholesale lenders, to rapidly scale its wholesale team and quickly roll...
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Prepayment Activity Reaches Low Point, Delinquencies Up 4.5 Percent

Black Knight Inc. says the total U.S. loan delinquency rate was 2.91% at month-end October, with a month-over-month change of 4.45% and year-over-year change...

Vinny Souza: Data-Driven Versus Model-Driven Decision-Making

PERSON OF THE WEEK: It’s safe to say that nearly every business today is using data to help make decisions. In this digital age, organizations...

Black Knight Sells TitlePoint to Fidelity National Financial

Fidelity National Financial Inc. (FNF) is acquiring TitlePoint from Black Knight Inc. for $225 million in cash. Real estate property research technology TitlePoint, which enables...

Fannie Mae Projects Total Single-Family Home Sales of 4.42 Million in 2023

After rebounding at a 2.6% annualized rate in Q3 2022 on the strength of net exports, real gross domestic product (GDP) is projected to...

Colonial Incorporates Black Knight Technology into Servicing Ecosystem

Colonial Savings F.A., a national, multi-service financial institution headquartered in Texas, has signed a contract to use Black Knight Inc.’s ecosystem of servicing capabilities,...

Applications for New Home Purchases Tumbled Further in October

Applications for mortgages for new home purchases took a nosedive in October, falling 13% compared with September, according to the Mortgage Bankers Association's latest...

Citizens Survey Finds Young Homeowners Most Likely to Apply for HELOCs 

Roughly 77% of millennials are likely to apply for a HELOC within next three years, according to a survey recently conducted by Citizens Bank. As...

Independent Mortgage Banks Report Q3 2022 Losses

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in the third...

Single-Family Credit Risk Transfer Program Protects $136 Billion of Loans in Q3

Freddie Mac’s Single-Family business has reported a Third Quarter 2022 CRT issuance of approximately $4.7 billion for its Credit Risk Transfer (CRT) program, protecting...

Sales of Existing Homes Continued Downward Trend in October

Existing-home sales retreated for the ninth straight month in October, according to the National Association of REALTORS. All four major U.S. regions registered month-over-month...

Housing Market Experiences Fastest Mortgage Rate Drop in Four Decades

Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers. The largest weekly drop...

Mortgage Lending Reached Three-Year Low in Third Quarter

ATTOM’s third-quarter 2022 U.S. Residential Property Mortgage Origination Report shows that 1.97 million mortgages secured by residential property (1-4 units) were originated in the...

The Many Benefits of CRM for Commercial Mortgage Brokers

BLOG VIEW: Nowadays, mortgage brokers, funders and lenders can find tools that help with virtually every need. Whether the priority is generating commercial real...

Sheila Klostermann: How Economic Cycles Change the Mortgage Fraud Landscape

PERSON OF THE WEEK: Although it’s nowhere near as prevalent as it once was, mortgage fraud continues to persist in a small fraction of...

MBA: Mortgage Credit Availability Dropped by Half a Percent in October

Mortgage credit availability decreased in October, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...