Housing Starts Jumped in March, Helping to Address Nagging Inventory Issue
Housing starts jumped almost 20% in March compared with February, reaching a seasonally adjusted annual rate of 1.739 million, according to the U.S. Census...
LoanLogics Launches LoanLogics IDEA for MSR Transfer
LoanLogics, which offers loan quality technology for mortgage manufacturing and loan acquisition, has released LoanLogics IDEA for MSR Transfer, a new solution that automates...
Mortgage Rates Fall For Second Straight Week
Mortgage rates dropped for a second straight week, as the average rate for a 30-year, fixed-rate mortgage plummeted to 3.04%, down from 3.13% last...
ATTOM: Foreclosure Filings Down Nearly 80 Percent Year Over Year
ATTOM Data Solutions’ Q1 2021 U.S. Foreclosure Market Report shows there were a total of 33,699 U.S. properties with foreclosure filings during the first quarter...
Redfin: Housing Market Went Bonkers in March
According to a new report from Redfin, the housing market set several records in March - a stark fact considering that year-over-year comparisons are being looked...
First United Bank Extends Commitment to Black Knight MSP
First United Bank, a privately held community bank, has signed a long-term contract extension to use Black Knight’s MSP loan servicing system to help...
Mortgage Applications Fell 3.7 Percent Despite Dip in Rates
Mortgage application volume decreased 3.7% on an adjusted basis during the week ended April 9, with applications for refinances falling 5% and applications for...
Freddie Mac Anticipates Mortgage Market to Be ‘Generally Favorable’ into 2022
According to Freddie Mac’s most recent quarterly forecast, conditions will remain generally favorable for the housing and mortgage market through 2022 as the economy...
preREO Names Talia Ramos Director of Post-Closing
preREO, an online marketplace that connects real estate investors with lenders selling delinquent first mortgages and REO properties, says Talia Ramos has joined the...
Homepoint Taps Former Fannie Mae Pro to Lead Internal Audits
Mortgage originator and servicer Homepoint has appointed Noelle Lipscomb as the company's chief audit executive, overseeing the review, monitoring and evaluation of the company's financial, operational and compliance internal...
Paresh Deshpande: Mortgage Lenders Must Measure Engagement Across All Digital Channels
PERSON OF THE WEEK: The impact of the pandemic, coupled with a strong economy and low mortgage rates, propelled mortgage origination volume to new...
CoreLogic: Mortgage Delinquencies Continue to Trend Downward
CoreLogic’s Loan Performance Insights report for January 2021 shows that 5.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or...
Mortgage Bankers Saw Margins Improve Dramatically in Banner 2020
Mortgage bankers made an average profit of $4,202 on each loan they originated in 2020, up significantly from $1,470 in 2019, according to the...
Sprout Mortgage Hires Laura C. LaRaia as EVP, General Counsel and Chief Compliance Officer
Laura C. LaRaia has joined non-QM mortgage lender Sprout Mortgage as executive vice president, general counsel and chief compliance officer.
LaRaia has more than two...
MBA: Forbearance Exits at Fastest Pace in Five Months
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey reveals that the total number of loans now in forbearance decreased by 24...
Early Warning Suite Gives Lenders Edge During Disasters
Black Knight Inc. has released its new Early Warning Suite to help lenders identify and avoid closing on loans affected by natural disasters while enhancing...
CoreLogic Credco AutomatIQ Integrated with PointServ Solution
PointServ Technologies says it has integrated its payroll and tax product with CoreLogic Credco's AutomatIQ Borrower digital mortgage solution, enabling mortgage lenders to leverage...
RoundPoint Mortgage Appoints Trio of New Executives
RoundPoint Mortgage, a company focused on mortgage origination, servicing and subservicing, has named Patrick McEnerney CEO, Joseph M. Gormley chief administrative officer, and Scott Bristol executive vice president...
Mortgage Rates Drop For First Time in Seven Weeks
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage falling to 3.13%, down from 3.18% last week, according...
Mortgage Credit Increased in March With Jumbo Availability Making Strong Rebound
Mortgage credit availability increased in March, rising 0.6% compared with February to reach a score of 125.4 on the Mortgage Bankers Association’s (MBA) Mortgage...