Mortgage Rates Increase But 30-Year Still Below 7 Percent
Mortgage rates increased this week, as market volatility continued, with the average rate for a 30-year fixed-rate mortgage (FRM) at 6.83%, up from 6.62%...
Housing Starts Stalled in March on Economic Uncertainty
Housing starts stalled in March on tariff and trade-war concerns, dropping 11.4% compared with February to a seasonally adjusted annual rate of 1.324 million,...
Xactus Now Offers The Work Number Report Indicator Through its Xactus360 Platform
Verification solutions provider Xactus now offers The Work Number Report Indicator from Equifax through its Xactus360 platform.
The combined solution allows lenders to quickly see an...
Tidewater Mortgage Services Adopts LightSpeed POS From LenderLogix
Retail mortgage lending company Tidewater Mortgage Services has optimized its digital application processes and enhanced the borrower experience by switching to the LiteSpeed point-of-sale...
Ginnie Mae Appoints Joseph Gormley as EVP and COO
Joseph M. Gormley is the new executive vice president (EVP) and chief operating officer (COO) at Ginnie Mae.
Gormley has extensive experience in housing policy...
Mortgage Applications Sank Last Week Following Jump in Rates
A jump in mortgage rates led to mortgage application volume falling 8.5% during the week ended April 11, according to the Mortgage Bankers Association’s...
Class Valuation Taps Chris Flynn as Chief Data Officer
Chris Flynn has joined Class Valuation as chief data officer.
Flynn has more than 20 years of experience in real estate, fintech and data strategy....
Friday Harbor, a New AI-Powered Lending Document Platform, Sees $6 Million Seed Round
Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, has received a $6 million seed...
First American Appoints Mark Seaton as CEO
Mark E. Seaton has been appointed CEO of First American Financial Corp., while Matt F. Wajner has been appointed chief financial officer.
In addition, Dennis...
Clear Capital: Tariff Impact on Housing Will be ‘Negligible’ Provided Rates Don’t Increase Significantly...
U.S. home prices were basically flat in March compared with February but were up 4.7% compared with March 2024, according to Clear Capital’s latest...
Mortgage Credit Availability Increased Slightly in March
Mortgage credit availability increased in March, rising 2.5% to a score of 102.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
It...
My Mortgage Trainer to be Acquired by 360training.com
360training.com, Inc., a provider of regulatory-approved training and compliance solutions, is acquiring My Mortgage Trainer, an NMLS-approved provider of mortgage education and compliance training.
Terms...
Cotality: Home Price Growth Continued to Cool in February
U.S. home prices increased 0.3% in February compared with January and were up 2.9% compared with February 2024, according to the latest home price...
MBA Appoints Brendan Kelleher to AVP of Government Housing Finance
Brendan Kelleher has been appointed associate vice president of government housing finance at the Mortgage Bankers Association (MBA).
Kelleher joined MBA in 2022 as the...
Purdue Federal Credit Union Selects Mortgage Cadence as its LOS
Purdue Federal Credit Union has selected MCP Essentials by Mortgage Cadence, a subsidiary of Accenture, as its loan origination system (LOS).
MCP Essentials is a...
Mortgage Rates Decrease Slightly For a Third Straight Week
Mortgage rates continued to decrease this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.62%, down from 6.64% last week,...
More Than 100 Fannie Mae Employees Fired for ‘Unethical Conduct,’ Some Accused of Fraud
More than 100 employees have been fired for unethical conduct at government-sponsored enterprise Fannie Mae over the past few weeks, some of them accused...
Click n’ Close Hires Kim Schenck as Correspondent Manager
Kim Schenck has joined the correspondent lending sales team at Click n’ Close as correspondent manager.
Schenck has more than 30 years of experience in...
Mortgage Applications Surged on Lower Rates
Mortgage application volume increased 20% during the week ended April 4, as the average rate for a 30-year, fixed-rate mortgage decreased to 6.61%, down...
Panorama Mortgage Group Taps Juan Cepeda as Chief Operating Officer
Juan Cepeda has joined Panorama Mortgage Group as chief operating officer (COO).
Cepeda has more than 26 years of experience in the mortgage industry. Throughout...