Clear Capital Launches PropertyNova, a New Data Solutions Business
Valuations firm Clear Capital has launched a data solutions business called PropertyNova that offers comprehensive property insights.
The firm says this new solution helps address...
ATTOM: Home Equity Dipped in Q1 But Remains Nearly Double What it Was in...
About 46.2% of mortgaged residential properties in the U.S. were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances...
Cloudvirga Launches Tropos, a Borrower Portal That’s More Than a Borrower Portal
Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, has launched Tropos, a borrower portal that helps lenders deliver personalized, intuitive digital experiences...
Mortgage Rates Basically Flat This Week, But Stability is ‘Reassuring to Consumers’
Mortgage rates were basically flat this week, with the average rate for a 30-year fixed-rate mortgage at 6.76%, according to Freddie Mac’s Primary Mortgage...
MBA: Mortgage Credit Availability Flat in April
Mortgage credit availability was flat in April, thus the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI) remained unchanged at a score of...
Optimal Blue Announces General Availability of New AI Assistant
Optimal Blue has announced general availability of Originator Assistant, a new addition to the Optimal Blue PPE that uses generative AI to eliminate human...
First American: Homeowners Insurance Skyrocketing, Especially in the South
Homeowners insurance costs are skyrocketing, especially in disaster-prone markets in the South, a report from First American shows.
This is a challenging affordability problem for...
Wait and See: FOMC Maintains Fed Funds Rate
As was expected, the Federal Open Market Committee (FOMC) today voted unanimously to maintain the fed funds rate in the range of 4.25% to...
Mortgage Applications Jumped Last Week as Average Rate for 30-Year Fell to 6.84 Percent
Mortgage application volume surged 11% during the week ended May 2, as the average rate for a 30-year fixed-rate mortgage dropped to 6.84%, down...
Blend Labs Integrates With Glia to Stop Application Abandonment
Blend Labs, which offers a loan origination platform that enhances the customer experience and streamlines operations, is newly integrated with Glia, which offers unified human...
CRE Finance Council’s Sairah Burki and David McCarthy Discuss Anticipated Regulatory Environment Under Trump
What impact will the Trump Administration’s regulatory and legislative priorities have on CRE finance market participants? In a wide-ranging interview with MortgageOrb, Sairah Burki,...
Prudent AI Introduces One-Touch Pre-Qualification Platform
Prudent AI, which offers AI-powered lending software for capturing broader lending markets including non-agency, has launched Prudent AI Upfront, a “one-touch” pre-qualification platform for...
Mortgage Cadence Hires Lokesh Pathak as Chief Information Officer
Lokesh Pathak has joined Mortgage Cadence, an Accenture Company, as chief information officer (CIO).
Lokesh has more than 27 years of experience in engineering, product...
ICE: First-Time Homebuyers Accounted for 58 Percent of Agency Purchase Loans in Q1
First-time homebuyers accounted for a record share of agency purchase lending in the first quarter, as higher interest rates continued to dampen repeat buyer...
First American: Income Growth is Now Outpacing Home Price Appreciation Nationally
U.S. home prices barely budged in February, rising 0.5% compared with March and rising only 1.8% compared with February 2024, according to First American’s...
U.S. Economy Added 177,000 Jobs in April as Unemployment Rate Remains Flat
About 177,000 payroll jobs were added to the U.S. economy in April, while the unemployment rate remained flat at 4.2%, according to the U.S....
FHFA: Home Prices Barely Increased in February
U.S. home prices increased a mere 0.1% in February compared with January and increased only 3.9% compared with February 2024, as home price growth...
MBA Taps John Lammle as AVP of CRE Finance
John Lammle has joined the Mortgage Bankers Association (MBA) as associate vice president of commercial real estate finance.
Lammle has held ascending roles at the...
Westcor Land Title Insurance Co. Promotes Matt Ryden to Western States Senior Counsel
Matt Ryden has been promoted to western states senior counsel at Westcor Land Title Insurance Co.
Ryden joined Westcor as underwriting counsel in 2014. Prior...
Stewart Title Insurance Co. Merges With Stewart Title Guaranty Company in New York
Stewart Title Insurance Co. has merged with Stewart Title Guaranty Company in New York.
Both are owned by Stewart Information Services Corp.
The combined company will...