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Mortgage Rates Dip Slightly as Housing Market Softens

Mortgage rates dipped slightly this week, as the average rate for a 30-year fixed-rate mortgage fell to 4.85%, down from 4.90%, according to Freddie...

Waterstone Mortgage Opens New Location in Tulsa

National mortgage lender Waterstone Mortgage Corp. reports that it has opened a new retail branch in Tulsa, Okla., that will be led by branch...

New American Funding Now Using Black Knight’s Servicing Digital Solution

New American Funding, a family-owned mortgage lender with a servicing portfolio of over 100,000 loans, is now using Black Knight’s Servicing Digital solution to...

Planet Home Lending Taps Fobby Naghmi as SVP, Eastern Division

Mortgage industry veteran Fobby Naghmi recently joined Planet Home Lending, a national lender and servicer, as senior vice president of the Eastern division.Naghmi has...

Ellie Mae: Refinance Share Fell to 29% in September

After increasing to 32% in August, the refinance share of mortgage originations fell back to 29% in September - which is where it was...

Pretium Partners Buys Mortgage Servicer Selene

Pretium Partners, an investment management firm focused on real estate, mortgage finance and corporate credit with more than $10 billion in assets under management,...

Housing Starts Fell in September, Hurricane Recovery Won’t Help

The recovery from hurricanes Michael and Florence will likely slow housing starts in the months to come.

MBA: Mortgage Application Volume Fell 7.1% as Rates Continued to Rise

Mortgage application volume fell 7.1% on an adjusted basis during the week ended Oct. 12, as the average rate for a 30-year fixed-rate mortgage...

Ross Mortgage Adds Five to its Ranks

Theresa Sprague recently joined Ross Mortgage Corp., a full-service residential mortgage lender headquartered in Troy, Mich., as vice president of branch growth and retention.In addition, Jason Sprague and...

ATTOM: Foreclosure Activity Now Below Pre-Recession Levels

Lenders started the foreclosure process on 91,849 U.S. properties in the third quarter, a decrease of 6% compared with the second quarter and down...

MBA: Mortgage Purchase Volume to Jump 4.2% in 2019

Total mortgage originations will dip to $1.63 trillion in 2019, down from $1.64 trillion this year, according to the latest forecast from the Mortgage...

FHFA, GSEs Launch Online Resource to Help Mortgage Lenders Serve LEP Borrowers

Recognizing that limited English proficient (LEP) borrowers make up a growing share of today’s mortgage market, the Federal Housing Finance Agency (FHFA), along with...

Capsilon Helps Home Point Financial Find New Efficiencies

Home Point Financial Corp., a multi-channel national mortgage originator and servicer, has expanded its partnership with Capsilon, a provider of mortgage automation software.Home Point...

Knowing is Half the Battle: Selecting a New Retail Branch Home

BLOG VIEW: The retail mortgage industry has changed drastically since the early 2000s, with brokers and originators bearing the blame for the industry implosion...

Lender Downsizing Boosts Risk of Mortgage Defects

The risk of defects in closed mortgages increased in the first quarter, and, interestingly, staff downsizing at mortgage companies could be partly to blame,...

LoanBeam’s Self-Employment Income Solution Now Integrated with Freddie Mac

Freddie Mac has integrated LoanBeam’s self-employment income assessment solution with its Loan Product Advisor automated underwriting system (AUS).The integration will improve speed-to-close, file quality...

Ainsworth Advisors Assembles Team of Mortgage Professionals with Deep Expertise

Ainsworth Advisors, an advisory firm launched by mortgage industry stalwarts David Lykken and Gary Ort in 2017, offers strategic and tactical advice to mortgage...

PrimeLending Switches to Blue Sage’s Digital Lending Platform

Mortgage lender PrimeLending is now using the Blue Sage Digital Lending Platform as its origination platform.The platform is highly scalable and capable of supporting...

CoreLogic Rolls Out New Suite of Automated Valuation Models

CoreLogic has introduced a new suite of automated valuation models (AVMs) that incorporates new cascade methodologies designed to help simplify AVM selection and provide...

Building Bonds With Borrowers via Educational Workshops

BLOG VIEW: The housing market today is akin to the gold rush of the mid-1800s, with many prospective home buyers - and not necessarily...