Existing-Home Sales Fell in August as Buyers Waited For Inventory
Due mainly to lack of supply, existing-home sales fell 2.0% in August compared with July, according to the National Association of Realtors (NAR).
The decrease...
HUD, FHFA Clarify Freddie Mac’s Policies on Mortgages Related to Group Homes
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have clarified Freddie Mac's policies that make clear...
Tim Anderson: An E-Mortgage is Not the Same Thing as a Digital Mortgage
PERSON OF THE WEEK: Most mortgage lenders today have the technology in place to deliver an all-digital mortgage experience to their customers, but the...
Promoting Diversity and Inclusion in Mortgage Lending
BLOG VIEW: Millennials now outnumber baby boomers in the U.S., according to U.S. Census Bureau projections.
Millennials are more educated than baby boomers. In addition,...
Finastra Total Lending Home Offers Single Entry Point for Lending Solutions
Finastra has launched Total Lending Home, a new cloud-based portal to launch and manage the Total Lending suite of solutions. Current lending products available...
Demand for Second Homes Falls Nearly 20 Percent
Demand for second homes dropped 19.3% year over year in August, marking the third straight month of declines, according to a new report from...
PennyMac Incorporates Encompass Investor Connect into Technology Stack
ICE Mortgage Technology, part of Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure, has partnered with PennyMac Loan Services LLC,...
Plaza Home Mortgage Hires Michael Wilson as CIO
Michael H. Wilson has joined Plaza Home Mortgage, a wholesale and correspondent mortgage lender, as chief information officer.
Wilson joins Plaza from Zense, a technology...
Housing Starts Jumped in August as Builders Battled Supply-Side Constraints
Housing starts reached a seasonally adjusted annual rate of 1.6 million in August, an increase of 3.9% compared with July and up a whopping...
Nearly 20 Percent Decrease in August New Home Purchase Mortgage Applications
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021 shows mortgage applications for new home purchases decreased 17% compared from...
Freddie Mac Researches Appraisal Valuation Gap in Minority Neighborhoods
Freddie Mac has released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in...
Supply and Labor Constraints, Rising Inflation Affect Home Sales, Mortgage Rates
For the second month in a row, expectations for near-term real GDP growth have been revised downward – and outward – due to persistent...
Frost Bank, Infosys Debut Mortgage Loan Product Offering
Infosys is collaborating with Frost Bank to provide strategic business consulting and digital capabilities to enable Frost Bank to offer mortgage loans along with...
Freddie Mac Reports Nearly Flat Mortgage Rates
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 2.86% for the...
ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1
The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter...
Redfin: Home Sales Down 6 Percent Year Over Year, Prices Keep Rising
According to a new report from Redfin, the national median home-sale price rose 16% year over year to $380,271 in August, marking the 13th...
Evolve Mortgage Services Reorganizes to Align With Expanding Loan Product Mix
Onshore outsourced mortgage services and technology provider Evolve Mortgage Services has announced a strategic reorganization wherein executive leaders Gregg Meyer, Tim Anderson and Mark...
Downward Trend Continues for Commercial and Multifamily Mortgage Delinquencies
Delinquency rates of mortgages backed by commercial and multifamily properties have broadly improved in recent months, according to two reports released by the Mortgage...
Black Knight Introduces Loan Origination System for Mortgage Brokers
Black Knight Inc. has launched LoanCatcher, a loan origination system (LOS) designed specifically for the needs of mortgage brokers. Entirely cloud-based, LoanCatcher gives brokers...
Latest MBA Weekly Survey Shows Mortgage Application Increase
Mortgage applications have increased 0.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the...