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FHFA: U.S. Home Prices Increased 6.5 Percent Over the Last Year

U.S. home prices increased 1.5% in the fourth quarter compared with the third quarter and were up 6.5% compared with the fourth quarter of...

Mortgage QC and Risk Management Services Firm Adfitech Taps Kim Hoffman as President

Kim Hoffman, CMB, AMP, has been appointed the new president of Adfitech, which offers quality control and risk management services to the mortgage industry. Adfitech...

MBA: Mortgage Applications Dropped Last Week Despite Dip in Rates

Mortgage application volume fell 5.6% during the week ended February 23, as the average rate for a 30-year, fixed-rate mortgage fell to 7.04%, down...

Case-Shiller: Home Prices Continued to Rise Steadily in December

U.S. home prices increased 0.2% on an adjusted basis in December compared with November and were up 5.5% compared with December 2022, as the...

Click n’ Close Taps Polly Cracchiolo as an AE for its TPO Sales Team

Polly Cracchiolo has joined Click n' Close’s third-party originator (TPO) sales team as an account executive. Click n' Close is a multi-state mortgage lender serving...

New Home Sales Increased in January as Economic Data Improved

New home sales in January were at a seasonally adjusted annual rate of 661,000, an increase of 1.5% compared with December and an increase...

Todd Maki: Digital Closings Transform the Borrower Experience

PERSON OF THE WEEK: Digital closings - including hybrid and all-digital - have been in use for years now, but mortgage technology companies continue...

Mortgage Subservicer LoanCare Updates its Mobile App

Following the launch of its redesigned website earlier this month, mortgage subservicer LoanCare has updated its My LoanCare Go mobile app. With the new app,...

Fannie Mae Taps Peter Akwaboah as EVP and COO

Peter Akwaboah has been appointed executive vice president and chief operating officer of Fannie Mae, effective May 20, 2024. Akwaboah has nearly three decades of...

MBA: Average Rate for 30-Year Almost Hit 7 Percent This Week

The average rate for a 30-year fixed-rate mortgage increased to nearly 7% this week. It was the third consecutive week that mortgage rates increased, according...

Xactus Promotes Michael Crockett to Chief Operating Officer

Michael Crockett has been promoted to chief operating officer for Xactus, which offers borrower verifications for the mortgage industry. Crockett has more than 25 years...

NAR: Existing-Home Sales Increased 3.1 Percent in January as Inventory Increased

Existing-home sales increased in January, rising 3.1% compared with December but down 1.7% compared with January 2023, according to the National Association of Realtors...

Clear Capital Updates Universal Data Collection Product to Align with UPD

Clear Capital has updated its proprietary data collection product Universal Data Collection (UDC) to deliver the Uniform Property Dataset (UPD), Fannie Mae and Freddie...

Mortgage Cadence Launches New Version of LOS

Mortgage Cadence, an Accenture company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS). The company launched MCP in 2021...

Mortgage Applications Plummeted Last Week as Average Rate for a 30-Year Rose Above 7...

Mortgage application volume dropped 10.6% last week as the average rate for a 30-year fixed-rate mortgage increased to 7.06%, up from 6.87% the previous...

First American: Annual Home Price Growth May Have Peaked in December

U.S. home prices increased 0.3% in December compared with November and were up 7.2% compared with December 2022, according to First American’s home price...

Dark Matter Empower LOS Now Integrated with Truv Income and Employment Verifications

Truv, which offers income and employment verifications, is now integrated with Dark Matter Technologies' Empower LOS and Exchange Service Network. The integration accelerates loan processing,...

MBA: With Regard to Forbearance, Mortgage Servicers Now Have ‘Different Rules Of Engagement’

The share of mortgage loans in forbearance continued to fall in January, reaching a mere sliver of what it was following the start of...

Redfin: Housing Market Lost Some Steam in January

The housing market slowed down in January as mortgage rates went back on the rise mid-month and home prices increased more rapidly, according to...

Clever Real Estate Launches Title and Escrow Company

Clever Real Estate has launched a new title company appropriately dubbed Clever Title. Clever Title is a modern, tech-forward title and escrow company designed to...