Mortgage Rates Fall For Second Straight Week
Mortgage rates dropped for a second straight week, as the average rate for a 30-year, fixed-rate mortgage plummeted to 3.04%, down from 3.13% last...
Mortgage Applications Fell 3.7 Percent Despite Dip in Rates
Mortgage application volume decreased 3.7% on an adjusted basis during the week ended April 9, with applications for refinances falling 5% and applications for...
Mortgage Bankers Saw Margins Improve Dramatically in Banner 2020
Mortgage bankers made an average profit of $4,202 on each loan they originated in 2020, up significantly from $1,470 in 2019, according to the...
Sprout Mortgage Hires Laura C. LaRaia as EVP, General Counsel and Chief Compliance Officer
Laura C. LaRaia has joined non-QM mortgage lender Sprout Mortgage as executive vice president, general counsel and chief compliance officer.
LaRaia has more than two...
Early Warning Suite Gives Lenders Edge During Disasters
Black Knight Inc. has released its new Early Warning Suite to help lenders identify and avoid closing on loans affected by natural disasters while enhancing...
CoreLogic Credco AutomatIQ Integrated with PointServ Solution
PointServ Technologies says it has integrated its payroll and tax product with CoreLogic Credco's AutomatIQ Borrower digital mortgage solution, enabling mortgage lenders to leverage...
Mortgage Rates Drop For First Time in Seven Weeks
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage falling to 3.13%, down from 3.18% last week, according...
Mortgage Credit Increased in March With Jumbo Availability Making Strong Rebound
Mortgage credit availability increased in March, rising 0.6% compared with February to reach a score of 125.4 on the Mortgage Bankers Association’s (MBA) Mortgage...
LERETA Announces Integration with Black Knight’s MSP
LERETA, a national provider of real estate tax and flood services for mortgage servicers, reports that its tax reporting technology is now integrated with...
Plaza Home Mortgage Promotes Michael Fontaine and Michelle Richardson to New Leadership Roles
Michael Fontaine has been promoted to co-president of Plaza Home Mortgage, where he will also continue as chief operating officer.
In addition, Michelle Richardson has...
Embrace Home Loans Taps Jason Will as SVP of Market Growth
Jason Will has joined Embrace Home Loans as senior vice president of market growth, a newly-created role at the company.
Will has more than 20...
Mortgage Applications Fall as Rates Continue to Rise
Mortgage application volume decreased 5.1% during the week ended April 2, as mortgage rates continued their upward trend, according to the Mortgage Bankers Association's...
Fannie Mae: Consumer Optimism Regarding Home-Buying Grew in March
Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased in March by 5.2 points to 81.7. with four of the HPSI's six components increasing month over month,...
Homespire Mortgage Opens Atlanta Branch
National residential mortgage lender Homespire Mortgage has opened a new branch office in Atlanta that will be led by mortgage industry veteran Ryan Jacobs, formerly of...
U.S. Economy Added 916K Jobs in March
The U.S. economy added 916,000 jobs in March and the unemployment rate edged down to 6.0%, according to the U.S. Bureau of Labor Statistics.
Job...
Mortgage Rates Flat as Affordability Concerns Grow
Mortgage rates were basically flat this week, with the average rate for a 30-year fixed-rate mortgage at 3.18%, up slightly from 3.17% last week,...
Sprout Mortgage Announces BROKER AdvantEDGE Program
Non-QM residential lending specialist Sprout Mortgage is launching BROKER AdvantEDGE: a series of operational improvements that will help brokers enhance the borrower experience and...
Mortgage Applications Fall for a Fourth Consecutive Week
Mortgage application volume decreased for a fourth straight week during the week ended March 26, dropping 2.2% compared with the previous week, according to...
ClosingCorp: Average Closing Costs Accounted for Less Than One Percent of Loan Amount in...
The average closing costs for a single-family residential property refinance in 2020 were $3,398 including taxes - $2,287 excluding taxes - according to ClosingCorp,...
Rate of Defects in Mortgage Applications Jumped in Q3 Due to Surging Purchases
Due to increasing purchase volume, the rate of critical defects in mortgage applications increased 25% in the third quarter of 2020 compared with the...