Existing-Home Sales Increased in August But Inventory Remains Low
Existing-home sales increased 1.3% in August compared with July and were up 2.6% compared with August 2018, according to the National Association...
Mortgage Rates Increased For Second Consecutive Week
Mortgage rates increased for a second consecutive week, with the average rate for a 30-year fixed-rate mortgage rising to 3.73%, up from...
Planet Home Lending Hires Two Mortgage Technology Executives
Muthu Srinivasan has joined Planet Home Lending as chief technology officer (CTO) and Jeffrey Ratter has joined the company as chief information...
CFPB to Enhance Consumer Complaint Database
In response to feedback it received from the mortgage industry in 2018, the Consumer Financial Protection Bureau (CFPB) is taking steps to...
Refinance Share Jumped in August as Rates Continued to Drop
The refinance share jumped to 43% in August as interest rates continued to dive, Ellie Mae’s Origination Insight Report shows.
Industry to CFPB: Ditch the DTI Ratio Requirement for ATR/QM Rule
A coalition of mortgage lenders and industry associations is pushing the Consumer Financial Protection Bureau (CFPB) to eliminate the debt-to-income (DTI) ratio...
MBA: Applications For Mortgage Refinances Fell on Higher Rates
Mortgage application volume dipped 0.1% on an adjusted basis during the week ended Sept. 13, as the average rate for a 30-year...
Housing Starts Jumped 12.3% in August as Builders Played Catch-Up
Housing starts took a sizable jump in August, prompting optimism from the housing and mortgage industries that at least some relief is...
Waterstone Mortgage Opens New Location in Maryland
Waterstone Mortgage has opened a new office in Ellicott City, Md.The new location is managed by Andrew Wagner,...
August Applications for New Home Purchases Up 33% Compared with Last Year
Applications for mortgages for new home sales increased 0.2% in August compared with July and were up an impressive 33% compared with...
ARMCO: Technology Helped Lower Mortgage Defect Rate in Q1
The rate of critical defects in mortgage loans continued to fall in the first quarter, dropping to 1.82% of all loans, a...
Diving In: What Lenders Need to Know about the Specified Pool Market
BLOG VIEW: Moving from best execution to mandatory represents a significant milestone in the evolution of a mortgage lender’s secondary marketing department,...
Fannie Mae Sells Portfolio of RPLs with UPB of $5.1 Billion
Towd Point Master Funding (Cerberus), Goldman Sachs Mortgage Co., NRZ Mortgage Holdings (Fortress) and DLJ Mortgage Capital (Credit Suisse) are the winning...
ATTOM: Foreclosure Starts Ticked Up in August
Foreclosure starts increased 7% in August compared with July but were down 15% compared with August 2018, according to ATOMM Data Solutions.
Lender Price Adds American Financial Resources’ Loan Products to its PPE
American Financial Resources’ (AFR) loan products have been added to Lender Price’s product and pricing engine (PPE), thus expanding Lender Price’s ability...
Technology’s Growing Role in Vendor Due Diligence
BLOG VIEW: One of the most arduous tasks facing any mortgage lender's vendor management team is due diligence. There is a lot...
Black Knight Acquires Compass Analytics
Mortgage software firm Black Knight has acquired Compass Analytics, a provider of valuation, pipeline risk management and hedge advisory services to the...
Administration Seeks to Fast Track GSE Reform
In what would be a major first step toward housing finance reform, the Treasury may end its net-sweep of Fannie Mae and...
PointPredictive Launches New Income Verification Solution
PointPredictive has introduced a new income verification solution for mortgage lenders called IncomePASS.The solution offers a real-time assessment...
Mortgage Rates Jumped But Remain Well Below Year-Ago Levels
Mortgage rates increased this week, with the average rate for a 30-year fixed rate mortgage rising to 3.56%, up from 3.49% last...
