MBA: Homebuyer Affordability Improved in June
The national median payment applied for by purchase applicants in June decreased to $2,167, down from $2,219 in May, according to the Mortgage Bankers...
J.D. Power: Mortgage Servicers Face Potentially Serious Challenges in the Future
Mortgage servicers this year have successfully fought back the headwinds of persistently high interest rates and financial uncertainty to drive improvements in overall customer...
Atlantic Coast Mortgage Using Nextwave CRM
Atlantic Coast Mortgage is using Nextwave CRM by CRMnow as its enterprise CRM platform for loan officers across all 30 states where it operates.
Atlantic...
MBA: Share of Mortgages in Forbearance Increased for First Time Since October 2022
The share of loans in forbearance increased to 0.23% as of June 30, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey.
“The...
Freddie Mac: Mortgage Rates Basically Flat
Mortgage rates were basically flat this week compared with last week, as the average rate for a 30-year increased slightly to 6.78%, up from...
Investing in Dedicated Mortgage Servicing Software
BLOG VIEW: To help provide needed liquidity, many lenders sell mortgage loans to government sponsored enterprises (GSEs) or other investors to boost capital and...
Neighborhood Credit Union Using FirstClose to Streamline Home Equity Lending
Neighborhood Credit Union is using FirstClose to streamline its home equity lending operations.
Headquartered in Dallas, Neighborhood Credit Union has 14 branches throughout Texas serving...
Redfin: The Share of Homes Sitting on the Market Longer Than a Month Increased...
Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract,...
Informative Research Expands Integration with Equifax’ The Work Number to Provide New Options
Verification solutions provider Informative Research has expanded its integration with Equifax’ The Work Number income and employment information.
With this enhancement, Informative Research provides its...
New Home Sales Decreased 0.6 Percent in June as Buyers Wait for Rates to...
New home sales fell 0.6% in June compared with May to reach a seasonally adjusted annual rate of 617,000, according to estimates from the...
Mortgage Applications Fell 2.2 Percent Last Week Despite Dip in Rates
Despite a slight dip in rates, mortgage application volume fell 2.2% during the week ended July 19, according to the Mortgage Bankers Association’s (MBA)...
Optimal Blue Adds New Generative AI Assistant Capabilities
Capital markets technology firm Optimal Blue has launched generative AI capabilities centered on helping mortgage lenders maximize profitability on every loan transaction.
Through direct engagement...
NAR: Existing-Home Sales Fell 5.4 Percent in June
Existing-home sales decreased 5.4% in June compared with May to a seasonally adjusted annual rate of 3.89 million, according to the National Association of...
MMI Taps Dan Jones as Chief Data Officer as It Expands Data Initiatives and...
Dan Jones, a seasoned data and artificial intelligence (AI) strategist, has joined Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools...
Federal Agencies: Lenders Must Implement QC Standards for AVMs
Mortgage lenders and secondary market issuers must implement quality control standards for the automated valuation models (AVMs) they use in valuing homes, as per...
Commercial Foreclosures Decreased in June but Remained Up 48 Percent Year Over Year
Commercial foreclosures decreased 14% in June compared with May but were up 48% compared with June 2023, according to ATTOM.
States with the highest rates...
Mortgage Delinquencies Jumped 14.5 Percent in June
Mortgage delinquencies increased in June, rising 14.5% compared with May to 3.49% of all loans, according to ICE Mortgage Technology’s First Look report.
Year-over-year, mortgage...
Wholesale Lender 5th Street Capital Using OptifiNow TPO
Non-QM wholesale lender 5th Street Capital is using the OptifiNow TPO as its new sales management and marketing solution.
The San Diego-based mortgage lender is...
Kiavi Closes $350 Million Unrated Securitization of Residential Transition Loans
Kiavi, a provider of capital to residential real estate investors, has closed a $350 million unrated securitization of residential transition loans.
This marks Kiavi’s 18th transaction under its LHOME shelf, bringing the company’s total issuance to more than $4.7...
Home Buyers Might be ‘Waiting in Vain’ for Mortgage Interest Rates to Fall
Although homebuyers have gained back purchasing power since April, most continue to sit on the sidelines in the hope that the Fed will cut...