Dismal August Jobs Report Sets the Stage for a September Fed Rate Cut
Only about 22,000 jobs were added to the U.S. economy in August and the unemployment rate crept up to 4.3%, according to the U.S....
Click n’ Close Launches New Product to Help Builders Address Affordability Concerns
Click n' Close, a multi-state mortgage lender, has launched a 5/1 ARM Down Payment Assistance (DPA) product designed specifically to help home builders address...
Case-Shiller: Home Prices Nationally Continued to Decrease in June
U.S. home prices decreased -0.3% on an adjusted basis in June compared with May but were up 1.9% compared with June 2024, according to...
MBA: Homebuyer Affordability Improved in July
Homebuyer affordability improved in July, as the national median mortgage payment applied for by purchase applicants decreased to $2,127, down from $2,172 in June,...
Pending Home Sales Dipped in July as Buyers Remain Cautious
Pending home sales decreased 0.4% in July compared with June but were up 0.7% compared with July 2024, according to the National Association of...
Kiavi Closes $400 Million Rated Securitization
Fix and flip private lender Kiavi has closed a $400 million rated securitization of residential transition loans, locking in up to $1.3 billion of...
New Home Sales Drooped in July as Impact of Builder Incentives May be Diminishing
New home sales in July were at a seasonally-adjusted annual rate of 652,000, down 0.6% compared with June and down 8.2% compared with July...
Existing-Home Sales Inched Up in July as Inventory Increased
Existing-home sales were at a seasonally adjusted annual rate of 4.01 million in July, an increase of 2.0% compared with June and an increase...
Westcor Launches Wire Verification Tool to Protect Real Estate Transactions
Westcor Land Title Insurance Company has launched val-Wire by Westcor, a wire verification tool delivers protection for title agents and keeps them ahead of real...
Mortgage Applications Fell Last Week While Rates Remained Flat
Mortgage application volume decreased 1.4% during the week ended August 15, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
The average rate for...
Housing Starts Increased in July But Homebuilders Continue to Face Stiff Headwinds
Housing starts in July were at a seasonally adjusted annual rate of 1.428 million, an increase of 5.2% compared with June and up 12.9%...
AnnieMac Home Mortgage Acquires Certain Assets of Home Solution Lenders
AnnieMac Home Mortgage has acquired certain assets of Florida-based lender Home Solution Lenders Inc. (HSL) for an undisclosed sum.
Acquiring HSL’s construction-to-permanent (CTP) loan expertise,...
Two-Thirds of Recent Gen Z and Millennial Home Buyers are Counting on Rate Drops
Desperate times call for desperate measures.
Faced with high mortgage rates and high home prices, some homebuyers - particularly younger and first-time home buyers -...
Applications for Refinances Surged on Lower Rates Last Week
Mortgage application volume surged 10.9% on an adjusted basis last week, driven mainly by a sharp increase in applications for refinances, as rates dropped,...
Flyhomes Secures $15 Million Series D Funding
Flyhomes, which offers a wholesale “buy before you sell” loan program, has secured $15 million in Series D funding, led by existing investors.
The capital...
Mortgage Bankers Association Nominates John Hedlund to Serve as Vice Chairman
John Hedlund has been nominated to serve as vice chairman of the Mortgage Bankers Association for the 2026 membership year.
A prominent MBA voice and...
Mortgage Credit Availability Increased Slightly in July
Mortgage credit availability increased slightly in July, rising 0.2% to a score of 103.9 on the Mortgage Bankers Association (MBA) Mortgage Credit Availability Index...
Clear Capital: Home Prices Up 1.7 Percent Nationally in Q2
U.S. home prices increased 1.7% during the three-month period ended July 31, according to Clear Capital.
Compared with a year ago, home prices are up...
Mortgage Rates Fall to Lowest Level Since April
Mortgage rates continued to fall this week: According to Freddie Mac’s Primary Mortgage Market Survey the average rate for a 30-year dropped to 6.63%...
Westcor Launches Westcor Agency Services
Westcor Land Title Insurance Company has launched Westcor Agency Services, which offers licensed and non-licensed state fulfillment services for both residential and commercial transactions,...