Mortgage Lending Saw Fast Dip During Q3 2021, ATTOM Reports
ATTOM's third-quarter 2021 U.S. Residential Property Mortgage Origination Report shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated...
FHFA Baseline Conforming Loan Limit Increases for 2022
The Federal Housing Finance Agency (FHFA) has announced the conforming loan limits (CLL) for mortgages to be acquired by Fannie Mae and Freddie Mac...
LoanLogics Expands Portfolio of Origination Tools with Acquisition of LoanBeam
LoanLogics, a provider of loan quality control and document processing solutions, is acquiring LoanBeam, a provider of income calculation and verification technology endorsed by...
MBA Reports Increase in Independent Mortgage Banks’ Production Profits
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third...
New Home Sales Increased Slightly in October but Are Down From a Year Ago
New home sales increased 0.4% in October compared with September but were down 23% compared with October 2020, according to estimates from the U.S....
SitusAMC Launches Securent Insurance for MBS, MSR Markets
SitusAMC has debuted Securent, a provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities (MBS) stakeholders.
Securent’s loan defect insurance protects...
Mortgage Applications Increased Despite Rising Rates
Mortgage application volume increased 1.8% on an adjusted basis during the week ended November 24, despite a slight increase in mortgage rates, according to...
Mortgage Rates Remain Steady Heading into the Thanksgiving Holiday
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) for the week ending November 24, showing that the 30-year fixed-rate...
Mortgage Software Firm Maxwell Taps Sonny Abbasi as General Counsel
Sonny Abbasi has joined Maxwell, a digital mortgage solutions platform serving more than 300 small and midsize lenders across the U.S., as general counsel.
The...
Mortgage Coach Now Integrated with First American
Mortgage Coach, a borrower conversion platform empowering mortgage lenders to educate borrowers with interactive presentations that model home loan performance over time, is now...
Ncontracts Acquires the OnSemble Intranet Portal
Ncontracts, a provider of integrated risk management solutions for the financial services industry, has acquired the OnSemble intranet portal from Passageways, Inc.
Terms of the...
MISMO Seeks Participants to Help Standardize Pre-Closing Title Document Datasets
MISMO, the real estate finance industry's standards organization, is seeking participants for a new initiative focused on standardizing pre-closing title document datasets in order...
Mortgage Automator Integrates Lightning Docs Loan Document System
Mortgage Automator, a complete loan origination and servicing software for private lenders, has integrated Lightning Docs, a proprietary cloud-based loan document generation system developed...
Latest MBA Weekly Survey Shows Decrease in Mortgage Applications
Mortgage applications decreased 2.8% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
Health of FHA MMI Fund Has Improved Dramatically, Driven by Rising Home Prices
The health of the Federal Housing Administration (FHA) Mutual Mortgage Insurance Fund (MMI) continued to improve in 2021, according to the U.S. Department of...
MBA Observes New Home Purchase Mortgage Application Decrease in October
The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for October 2021 shows mortgage applications for new home purchases decreased 15.2% compared from...
LoanNEX Now Integrated With Encompass TPO Connect
LoanNEX, a provider of pricing and eligibility technology specializing in non-agency products, is now integrated with ICE Mortgage Technology’s Encompass TPO Connect.
The integration gives...
Cherry Creek Mortgage Promotes Watters to VP of Sales at Blue Spot Home Loans
Jody Watters has been promoted to vice president of sales and branch manager at Blue Spot Home Loans, Cherry Creek Mortgage’s consumer direct division.
Watters,...
loanDepot mello Portal Streamlines Closing Process for Brokers
Enabling brokers to close loans faster and more efficiently, loanDepot Wholesale has launched the newest iteration of its mello broker portal. A number of...
Patriot Mortgage Implements Black Knight Loan Origination System
Patriot Mortgage, a Texas-based lender specializing in new construction and resale, has signed a contract to implement Black Knight Inc.'s Empower LOS and integrated origination...