New Home Sales Dipped in December But Were Still Up 23% Year Over Year
New home sales in December were at a seasonally adjusted annual rate of 694,000, down 0.4% compared with a revised 697,000 in...
Altisource: Mortgage Servicers Prefer Single-Vendor Approach to Default Servicing
With mortgage performance below pre-crisis levels, now is not the time to be ignoring the state of the default servicing industry -...
Fannie Mae: Housing will be a Significant Contributor to Economic Growth in 2020
Fannie Mae is forecasting that the U.S. economy will grow by 2.1% in 2020 - with housing helping to propel much of...
Indices Show Small Increases in Home Prices
Data from the latest S&P CoreLogic Case-Shiller Indices show that home prices continued to increase at a modest rate across the U.S....
Arch MI: Home Affordability Is the Best in 30 Years
According to the Winter edition of The Housing and Mortgage Market Review (HaMMR) from Arch Mortgage Insurance Co. (Arch MI), affordability remains...
Infosys to Begin Working with Churchill Mortgage
Churchill Mortgage, a company providing conventional, FHA, VA and USDA residential mortgages in 46 states, has formed a strategic partnership with digital...
Survey Suggests Millennials Are Overwhelmed by Home-Buying Process
According to TD Bank's “First-Time Homebuyer Pulse,” 75% of potential first-time buyers say they are overwhelmed by the process of purchasing a...
First American: ‘Real’ Home Prices Boost Affordability
The November 2019 First American Real House Price Index (RHPI) points to a meaningful decline - 8.1% - in real house prices...
2020 Ellie Mae Innovation Award Winners Announced
Ellie Mae has announced its 2020 Ellie Mae Innovation Award winners, honoring mortgage companies that have distinguished themselves with their innovative use...
Sprout Mortgage Growth Reflects Vibrancy of Non-QM
Non-QM residential lending specialist Sprout Mortgage says December 2019 was its best-ever month, closing more than $268 million in loans.
Mortgage Rates Fall to Lowest Level in Three Months
Mortgage rates dropped again this week, with the average rate for a 30-year fixed-rate mortgage falling to 3.60%, down from last week’s...
Existing-Home Sales Rose in December; 2020 Expected to be ‘Great Year For Housing’
Existing-home sales in December increased to a seasonally-adjusted annual rate of 5.54 million, up 3.6% compared with November and up 10.8% compared...
Altisource Study Looks at Default Servicing Trends
Altisource Portfolio Solutions’ new “The State of the Default Servicing Industry” report contends that despite historically low delinquency rates, servicing professionals expect...
Low Mortgage Rates: A Positive and Negative Influence on Potential
According to First American’s “Potential Home Sales Model” for December 2019, the number of potential existing-home sales is 5.3 million: a figure...
Specialized Loan Servicing Keeps Strong Fitch Servicer Rating
Fitch Ratings has reaffirmed its RPS2+ rating for Computershare Loan Services’ Specialized Loan Servicing (SLS) business: a rating that Fitch awards to...
Mortgage Applications Fall Back But Remain at an ‘Elevated Level’
Following a significant increase that came during the first full week of January, mortgage application volume moderated, dipping 1.2% on an adjusted...
Ed Powell Joins Angel Oak Home Loans as Regional Manager
Mortgage industry veteran Ed Powell recently joined Angel Oak Home Loans as regional manager and leader of the lender’s new consumer direct...
Mortgage Delinquencies Continued to Hold at Near-Record Lows in December
Mortgage performance was stellar in 2019.The U.S. mortgage delinquency rate continued to fall in December, as only 3.4%...
The Provident Bank Enters Warehouse Market
The Provident Bank has acquired United Bank's ResX Warehouse Lending portfolio from People's United Bank.“The expertise and leadership...
Radian Group Sells Clayton Services to Covius Holdings
Covius Holdings Inc., a provider of technology-enabled solutions to the financial services industry, has acquired loan due diligence and credit risk management...
