Black Knight: The Equity Is There, But It’s Not Getting Tapped
Despite record-low interest rates and record-high levels of tappable equity, both the number of cash-out refinances and the volume of equity withdrawn...
LoanStream Mortgage Gets Aggressive in Non-QM Space
California-based LoanStream Mortgage (LSM) says it has expanded its product offering to continue serving the non-QM space.“We continue...
Mortgage Applications Dipped Again Last Week
Mortgage application volume dipped 1.8% on an adjusted basis during the week ended June 26, as the average rate for a 30-year-fixed...
Waterstone Mortgage Announces Resignation of CEO
Andy Peach has resigned as president and CEO of Waterstone Mortgage, effective July 31.“We appreciate the contributions Andy...
Pending Home Sales Bounced Back in May
Pending home sales rebounded in May, increasing 44.3% compared with April to reach a score of 99.6 on the National Association of...
Mortgage Rates Sit Flat to End June
The 30-year fixed-rate mortgage averaged 3.13 percent with an average 0.8 point for the week ending June 25, which was unchanged from...
Stikkum Enhances Mortgage Customer Retention Tool
Mortgage client retention technology specialist Stikkum has released the latest version of its mortgage retention alert and automation platform.
Despite Pandemic, New Home Sales Jumped in May
New home sales in May were at a seasonally adjusted annual rate of 676,000, representing an increase of 16.6% compared with a...
Mortgage Applications Fell Last Week, But Purchase Activity Remains Strong
After increasing for nine consecutive weeks, purchase applications fell 3% on an adjusted basis during the week ended June 19, according to...
MFS Names New Head of Wholesale Lending
Mortgage Financial Services (MFS), an independent mortgage bank, has appointed John H. P. Hudson head of wholesale lending.Hudson...
Credit Union Finds Substantial New Efficiencies in Mortgage Process
Gesa Credit Union, the second largest credit union in Washington state, recently completed a project with Digital Align, a business process strategy...
East West Mortgage Names New President
Boston-based East West Mortgage, a full-service mortgage banking company and approved Freddie Mac direct lender, has appointed Steven Borgerson president.
LendingQB Adds Docutech Solex eClosing to Mortgage Solution
LendingQB, a provider of SaaS loan origination technology solutions, has integrated Docutech’s Solex eClosing solution to enable digital closings with e-closing, e-note...
Average FICO Score for Closed Mortgages Continued to Rise in May
The average FICO score on all closed mortgages increased to 750 in May, up from 749 in April to reach the highest...
‘Unrealized Pent-Up Demand’ Causes Mortgage Applications to Jump 8%
Mortgage application volume increased 8.0% on an adjusted basis during the week ended June 12, according to the Mortgage Bankers Association's (MBA)...
Sprout Mortgage Enhances Non-QM Loan Programs
Sprout Mortgage says it has enhanced its suite of non-QM programs to include a new max 85% LTV on most loan programs...
Applications for New Home Sales Jumped 26% in May
What pandemic?Applications for mortgages for new home purchases increased 26% in May compared with April and were up...
OpenClose Wraps Up LenderAssist LOS – Radian Guaranty Interface
Digital mortgage fintech company OpenClose has completed an interface with mortgage insurance (MI) provider Radian Guaranty Inc., leveraging OpenClose’s omni-channel loan origination...
OptifiNow to Integrate with Ellie Mae Digital Lending Platform
Sales and marketing automation technology provider OptifiNow says its platform will be integrated with the Ellie Mae Digital Lending Platform, including using...
FirstClose ONE Now Sports Automated Ordering Feature
FirstClose Inc., a provider of technology solutions for banks and credit unions nationwide, recently launched automated ordering as the latest addition to...
