MBA: Annual Pace of New Home Sales Down 20 Percent Since October 2020
The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for May 2021 shows that applications for new home purchases decreased 5.9 percent compared...
Freddie Mac: 30-Year Fixed Mortgage Rate Drops, Along with 5-Year ARM
Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 2.93 percent for the week ending June 17,...
RES.NET Rolls Out Enhanced REO Portal
RES.NET, a technology platform for loan default management, has released an enhanced version of its REO portal.
The company says the new version has advanced...
Planet Home Lending Using Total Expert Customer-Focused Tools
National mortgage lender and servicer Planet Home Lending has deployed Total Expert’s CRM and customer engagement platform to increase loan officer productivity, improve marketing...
ATTOM: Incidence of Foreclosure Filings Continues to Decrease, Down 8 Percent in May
ATTOM’s May 2021 U.S. Foreclosure Market Report shows there were a total of 10,821 U.S. properties with foreclosure filings (default notices, scheduled auctions or...
Redfin: Bidding Wars for Houses Are Getting Less Fierce
A new report from Redfin shows that 70.4% of home offers written by Redfin agents in May faced a bidding war - down from...
A&D Mortgage Wraps Up Non-Qualified Mortgage Securitization
A&D Mortgage and Imperial Fund have closed their second standalone securitization post-pandemic, for non-QM loans originated and serviced by A&D Mortgage. S&P and DBRS...
Mortgage Cadence Clients Can Now Access Radian Title, Settlement Services
Radian Group Inc. and Mortgage Cadence, an Accenture company, have launched an expanded integration to include Radian’s title and settlement services provided by Radian...
Mortgage Credit Increased in May But Remains Well Below Pre-Pandemic Levels
Mortgage credit availability increased in May, rising 1.4% compared with April to a score of 129.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Greg Richardson: Non-Agency Mortgage Market Set For a Comeback
PERSON OF THE WEEK: The COVID-19 crisis put a halt on the non-agency mortgage market in 2020, but issuance of non-agency residential mortgage securitizations...
Despite Drop in Interest Rates, Rate Locks Were Still Down Across the Board
Black Knight Inc. new Originations Market Monitor report, which looks at origination data through May 2021, shows that overall rate locks were down 4.7%...
Foley Stepping Down As Black Knight Chairman of the Board
William P. Foley II, a director and chairman of the board of Black Knight Inc., says he is retiring from the company board this...
New MISMO Certification Covers E-closing Systems and Technologies
Real estate finance standards organization MISMO is launching an e-mortgage technology certification program module that will assist lenders, settlement agents and consumers in verifying...
Redfin: The Sizzle of the Spring Market Is Beginning to Cool a Bit
A new report from Redfin shows that home purchase applications have been falling since late March and are now 7% below their average levels...
Vast Majority of Lenders Expect Mortgage Profitability to Decrease
For the third consecutive quarter, an increased share of mortgage lenders expect profit margins to retreat further from last year's highs, according to Fannie...
ICE Mortgage Technology Planning Roll-Out of eVault Platform
ICE Mortgage Technology says it is deploying an eVault solution for the secure storage of digital mortgages and notes based upon technology acquired from...
Maxwell Taps Sadie Gurley as Vice President
Sadie Gurley recently joined digital mortgage platform Maxwell as vice president.
Gurley has more than 25 years of mortgage industry experience, specifically in due diligence...
LBA Ware Hires Georgia Capalbo as Client Success Product Liaison
Former State Bank vice president Georgia Capalbo has joined LBA Ware, a provider of incentive compensation management (ICM) and business intelligence (BI) software solutions...
Refinance Share of Mortgage Applications Drops to Lowest Level Since April
The Mortgage Bankers Association's (MBA) latest Weekly Mortgage Applications Survey shows that for the week ending June 4, applications decreased 3.1 percent on a...
Freddie Mac Prices New SCRT Securitization of Reperforming Loans
Freddie Mac has priced its second Seasoned Credit Risk Transfer Trust (SCRT) offering of 2021: a securitization of approximately $1 billion that includes both...