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Housing Starts Slowed in May as Higher Mortgage Rates Continued to Dampen Demand 

Housing starts were at a seasonally adjusted annual rate of 1.277 million in May, a decrease of 5.5% compared with April and down 19.3%...

NAR: Existing-Home Sales Dipped in May Despite Increasing Inventory

Existing-home sales decreased 0.7% in May compared with April to a seasonally adjusted annual rate of 4.11 million, according to the National Association of...

Motto Mortgage Opens Location in Saint Augustine, Fla., Headed by Navy Veteran Jaren Woeppel

Motto Mortgage has announced the opening of its latest franchise in Saint Augustine, Fla. The new office, Motto Mortgage INVICTUS, is headed by Navy Veteran...

Planet Home Lending Taps Tom Reber as Area Sales Manager for North Florida

Tom Reber recently joined Planet Home Lending as area sales manager for North Florida and Southern Georgia. Reber is a 30-year mortgage industry veteran, with experience in...

ACES: Rate of Critical Defects in Mortgage Loans Dropped 8.38 Percent in Q4

The rate of critical defects in mortgage loans post-closing was 1.53% as of the end of the fourth quarter, according to ACES’ quarterly Mortgage...

First American: U.S. Home Prices Increased 0.5 Percent in May

The “Five D’s” - diapers, diplomas, divorce, downsizing and death - continue to drive a large share of U.S. home sales, as a majority...

Freddie Mac: Mortgage Rates Fell for a Third Straight Week

Mortgage rates dipped for a third straight week, with the average rate for a 30-year fixed-rate mortgage falling to 6.87%, down from 6.95% last...

Higher Mortgage Rates Continue to Put a Damper on Home Builder Sentiment

Builder confidence in the housing market dropped in June to a score of 43 on the National Association of Home Builders (NAHB)/Wells Fargo Housing...

Zillow: Inventory Gap Grew to 4.5 Million Homes in 2022

The U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021, according to a report from Zillow. The report...

Mortgage Applications Inched Up Last Week as Rates Dipped Again

Mortgage application volume increased 0.9% during the week ended June 14, as the average rate for a 30-year fixed-rate mortgage decreased 6.94%, down from...

Embrace Home Loans Promotes Greg Dalgarno to Director of Builder Services 

Greg Dalgarno has been promoted to director of builder services at Embrace Home Loans. Dalgarno, who was previously sales manager. has more than 20 years...

Patelco Credit Union, FHLBank San Francisco Partner on DPA Program for First-Time Homebuyers

To help more greater Bay Area residents achieve the dream of homeownership, Patelco Credit Union is partnering with FHLBank San Francisco on a first-time...

Carrington Promotes Brett Wilbur to EVP, CIO

Brett Wilbur has been promoted to executive vice president, chief information officer, at The Carrington Companies. Wilbur has been with Carrington for 17 years. He...

Redfin: Home Price Growth Slowed in May

U.S. home prices increased 0.3% month-over-month in May - the smallest increase on a seasonally adjusted basis since January 2023, according to Redfin. Year-over-year, prices...

LoanDepot Promotes Viviana Abarca to Managing Director of Mortgage Lending Operations

Viviana Abarca has been promoted to managing director of mortgage lending operations at loanDepot. Abarca will report directly to loanDepot president and CEO Frank Martell...

New American Funding Launches NAF Black Impact

New American Funding, a national mortgage lender, has launched NAF Black Impact, formerly known as NAF Dream, a program that empowers and supports the...

Connexions Enhances its Appraisal Management Software to Support AMCs

Appraisal management software provider Connexions has introduced tailored payment processing and accounting solutions to streamline invoicing and financial operations. This includes managing appraiser W9s and...

Mortgage Servicers Can Beat FHA Deadline for Payment Supplement Agreement Using WaterfallCalc

WaterfallCalc, a provider of expert guidance and loss mitigation technology for mortgage servicers, has released the FHA Payment Supplement Agreement documentation and automated claim...

Adfitech Rebrands as Mortgage Connect Risk Solutions

To reflect its place under the umbrella of its parent company, Adfitech, a provider of quality control and risk management services for the mortgage...

Mortgage Bankers Association Taps Owen Lee as Vice Chair for 2025

Owen Lee, CEO at Success Mortgage Partners Inc. (SMP), has been nominated to serve as the Mortgage Bankers Association’s (MBA) vice chairman for the...