Average FICO Score For a Closed Mortgage Jumped to 749 in April
Due to tightening credit caused by the coronavirus pandemic, the average FICO score for a closed mortgage in April soared to 749,...
Mortgage Applications Inch Up As May Winds Down
For the week ending May 22, mortgage applications increased 2.7 percent from a week earlier, according to data from the Mortgage Bankers...
Sprout Mortgage Adds Non-QM Options to Portfolio
Sprout Mortgage has rolled out four new non-QM loan programs with maximum LTVs of up to 80% and loan amounts of up...
Calyx Rolls Out Cloud-Based Platform Zenly
Calyx, a provider of mortgage software solutions, has debuted a new cloud-based origination platform, Zenly, that can be purchased and operational in...
OmniConnect Mortgage Loan Connector Linked to Encompass
NXTsofthttp://www.nxtsoft.com, a provider of data security, connectivity and optimization software, says its OmniConnect Mortgage Loan Connector solutions are now available through Encompass...
Case-Shiller: U.S. Home Prices Continued to Climb in March, Despite Pandemic
U.S. home prices were largely unaffected by the coronavirus pandemic in March, rising 0.5% on an adjusted basis compared with February, according...
New Home Sales Increased Slightly in April
Despite the COVID-19 pandemic and subsequent economic fallout, new home sales eked out a monthly increase in April, rising 0.6% compared with...
Are Lenders Prepared For Potential Wave of HELOCs?
BLOG VIEW: If your institution provides home equity lines of credit (HELOC)s, now is the time to be proactive, not reactive. Due...
Mortgage Rates Fell This Week as States Began to Reopen
After ticking up slightly the previous two weeks, mortgage rates fell during the week ended May 21, with the average rate for...
Existing-Home Sales in April Plummet to Lowest Levels Since 2010
Due to the coronavirus pandemic, existing-home sales fell 17.8% in April compared with March and were down 17.2% compared with April 2019,...
Purchase Applications Rise for a Fifth Straight Week
Purchase applications increased for a fifth straight week, rising 6% on an adjusted basis compared with the previous week but down 1.5%...
Black Knight SCOUT Enables Remote Property Inspections
Black Knight Inc. has debuted its SCOUT remote property inspection mobile app, which enables homeowners to collect their property data and photos...
Applications For New Home Purchases Plummeted in April
Applications for mortgages for new home purchases tumbled 25% in April in Compared with March and were down 12% compared with April...
Plaza Home Mortgage Taps Kelley Tillinghast as SVP and Chief Underwriter
Kelley Tillinghast has joined wholesale and correspondent mortgage lender Plaza Home Mortgage Inc. as senior vice president, chief underwriter.
Mortgage Rates Edge Up From All-Time Lows
Mortgage rates edged up slightly for a second week but remain near all-time lows.For the week ended May...
In Your Face, Coronavirus: Applications For Purchases Continue to Increase
With mortgage rates still hovering near all-time lows and more than half the country still in lockdown, one would expect to see...
Planet Home Lending Announces Three New SVPs
Mike Eckrote has joined Planet Home Lending, a national lender and servicer, as senior vice president (SVP) of quality control (QC).
Unemployment Hit 14.7% in April, More Than 20 Million Jobs Lost
More than 20.5 million U.S. jobs were lost in April due to the coronavirus pandemic, driving the unemployment rate up to 14.7%,...
Mortgage Credit Tightens Due to Fallout From COVID-19 Crisis
Mortgage credit availability plummeted in April, falling 12.2% to a score of 133.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...
Mortgage Rates Inch Up Slightly
Mortgage rates edged up this week but remain near historical lows.The average rate for a 30-year fixed-rate mortgage...