Mortgage Rates Move Down for a Second Week
Mortgage rates moved down this week, with the average rate for a 30-year falling to 6.19%, down from 6.23% last week, according to Freddie...
FirstClose Hires Alex Sirpis as VP of Sales
Alex Sirpis has joined FirstClose, a provider of data and workflow solutions for mortgage and home equity lenders, as vice president of sales.
Sirpis has a...
Fidelity Direct Mortgage, Absolute Home Mortgage Partner to Achieve Scale
Fidelity Direct Mortgage, an independent mortgage lender serving the Northeast, has entered into a strategic partnership with Absolute Home Mortgage Corporation designed to enhance...
Rivermark Community Credit Union Expands its Partnership With Dovenmuehle Mortgage
Rivermark Community Credit Union, the third-largest credit union in Oregon, with roughly $3.2 billion in assets and 172,000 members, has expanded its partnership with...
Mortgage Applications Fell 1.4 Percent as 30-Year Dipped
Mortgage application volume decreased 1.4% during the week ended November 28, as mortgage rates fell, according to the Mortgage Bankers Association’s (MBA) Weekly Applications...
Ginnie Mae Loan Delinquencies Reached 9.2 Percent in September
The mortgage delinquency rate for Ginnie Mae loans reached 9.2% as of September 30, according to the GNMA Credit Report from JMN Investment Management, a...
FirstClose Taps Adam Nicholson as Director of Professional Services
Adam Nicholson has joined FirstClose, a provider of data and workflow solutions for mortgage and home equity lenders, as director of professional services.
Nicholson has...
Mortgage Delinquencies Decreased in October But Foreclosure Activity Continued to Rise
The U.S. mortgage delinquency rate was around 3.34% as of the end of October, down about 2% compared with September and down about 3%...
Beyond Agile: Why Mortgage Tech Needs its Lean Revolution
BLOG VIEW: When 17 software developers came together in February 2001 to write the Manifesto for Agile Software Development, it changed the way mission-critical...
FHFA Releases Loan Limits for 2026
The FHFA has released its new loan limits for mortgages Fannie Mae and Freddie Mac will acquire in 2026.
The new limit will be $832,750 for...
U.S. Home Prices Increased in September But Regional Differences Are Stark
U.S. home prices increased 1.4% on an adjusted basis in September compared with August and were up 1.3% compared with September 2024, according to...
Mortgage Applications Increased Slightly Last Week Driven by a Bump in Purchase Apps
Total mortgage application volume increased 0.2% on an adjusted basis during the week ended November 21, as rates crept up, according to the Mortgage...
Pending Home Sales Increased in October But Regional Differences Were Notable
Pending home sales increased 1.9% in October compared with September but were down 0.4% compared with October 2024, according to the National Association of...
Kayla Eames: AI Will Transform Mortgage Underwriting
PERSON OF THE WEEK: AI-powered software solutions are seeing increased adoption across the mortgage industry, as lenders and servicers see the operational gains from...
DocMagic Adds IPEN Capability to Total eClose Platform
Document management software company DocMagic has enhanced its Total eClose platform with a new in-person electronic notarization (IPEN) capability for broader digital closing flexibility.
The...
Lake Michigan Credit Union Now Using FirstClose’s Equity Order Management
Lake Michigan Credit Union (LMCU), the largest credit union in Michigan and one of the largest in the nation, has implemented FirstClose's Equity Order...
Mortgage Rates Still Stuck in the Same Narrow Range
Mortgage rates were basically flat this week with the average rate for a 30-year hovering around 6.26%, up slightly from last week when it...
Existing-Home Sales Increased 1.2 Percent in October, Boosted by Lower Rates
Existing-home sales increased 1.2% in October compared with September and were up 1.7% compared with October 2024, according to the National Association of Realtors...
Mortgage Bankers Saw Net Profits Increase in Q3
Mortgage bankers saw a pre-tax net production profit of $1,201 on each loan they originated in the third quarter, up from $950 per loan...
MBA: Mortgage Delinquency Rate Increased in Q3, ‘Led by Worsening FHA Loan Performance’
The national delinquency rate for mortgage loans on one-to-four-unit residential properties increased to 3.99% at the end of the third quarter, according to the...