Mortgage Rates Back on the Rise After Decreasing for Five Weeks
After decreasing for five consecutive weeks, mortgage rates went back on the rise this week, with the average rate for a 30-year fixed-rate mortgage...
Private Equity Firm GTCR Makes Significant Investment in Clear Capital, Becoming Majority Shareholder
Valuations technology and data firm Clear Capital has received a significant investment from private equity firm GTCR.
As a result, GTCR is now Clear Capital’s...
Optimal Blue: Mortgage Lock Volume Increased in June
Total lock volume increased 1.95% in June compared with May, driven mainly by an increase in refinances, Optimal Blue’s June Market Advantage report shows.
Rate-and-term...
Atlas VMS Acquires AIM-Port
Appraisal management company Atlas VMS has acquired AIM-Port, a collateral process management platform. Terms of the deal were not disclosed.
The acquisition marks a significant...
Mortgage Applications Surged 9.4 Percent Last Week on Lower Rates
Mortgage application volume surged 9.4% on lower rates during the week ended July 4, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
Applications...
GSEs to Start Using VantageScore 4.0, Rent Payment History in Credit Underwriting
In an effort to “increase competition the credit score ecosystem and consistent with President Trump’s landslide mandate to lower costs,” Federal Housing Finance...
ACES Announces Two Key Promotions in Compliance
Amanda Phillips has been named general counsel and executive vice president of compliance for ACES Quality Management, while Savannah Prout has been elevated to...
Veros: U.S. Home Prices to Rise 2.2 Percent Over Next 12 Months
U.S. home prices are forecast to increase only 2.2% over the next 12 months, according to valuation services provider Veros Real Estate Solutions –...
FICS and Wescom Resources Announce Preferred Hosting Partnership
Financial Industry Computer Systems Inc. (FICS) and Wescom Resources, a wholly owned credit union service organization (CUSO) of Wescom Financial, are partnering to establish...
Labor Market Continued to be Resilient in June, But There is Softening in the...
The U.S. labor market continues to defy expectations, adding 147,000 new jobs in June, while the unemployment rate remained stable at 4.1%, according to...
Mortgage Rates Fall Heading Into Fourth of July Weekend
Mortgage rates dropped this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.67%, down from 6.77% last week, according to...
Refinance Volume Surged Last Week on Lower Rates
Total mortgage application volume increased 2.7% on an adjusted basis during the week ended June 27, according to the Mortgage Bankers Association’s (MBA) Weekly...
Rocket Closes Merger With Redfin
Rocket Companies reports that it has closed its merger with Redfin, an all-stock transaction that will create a one-stop shop where home buyers can search...
Case-Shiller: Home Prices Decreased 0.4 Percent Nationally in April
U.S. home prices decreased 0.4% on an adjusted basis in April compared with March but were up 2.7% compared with April 2024, according to...
Pulte Directs GSEs to Consider Crypto as an Asset for Mortgage, But What Are...
Bill Pulte, director of the Federal Housing Finance Agency, recently announced on X that he has ordered government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
Joel Rickman: Data Can Help Drive Lender Decisions in an Uncertain Market
PERSON OF THE WEEK: Arguably, the single thing mortgage lenders need most in today’s market is good quality data.
In fact, considering that data impacts...
Homebuyer Affordability Declined Further in May
The national median monthly mortgage payment applied for by purchase applicants increased to $2,211 in May, up from $2,186 in April, according to the...
SettlementOne Integrates FICO Score Mortgage Simulator Into its Suite of Lending Tools
SettlementOne, offering credit reporting, data and verification solutions for the mortgage industry, is partnering FICO to integrate the FICO Score Mortgage Simulator into its...
American Pacific Mortgage Partners With HomeLight to Bring ‘Buy Before You Sell’ to its...
American Pacific Mortgage is delivering HomeLight's Buy Before You Sell bridge loan solution to its network of LOs.
The partnership will help American Pacific Mortgage’s...
Controversial ‘Revenge Tax’ Provision Removed From Big Beautiful Bill
The Senate has agreed to remove a provision in the Trump Administration’s One Big Beautiful Bill that would would impose retaliatory income taxes on...