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Market Sees 8 Percent of 2022 Mortgaged Home Purchases Underwater

The Data & Analytics division of Black Knight Inc. has released its latest Mortgage Monitor Report. Despite home price corrections continuing in many markets...

New York Community Bancorp Finalizes Acquisition of Flagstar Bancorp

New York Community Bancorp Inc. has completed its acquisition of Flagstar Bancorp Inc. In accordance with the agreement and plan of merger dated April...

Hildene Capital Strategizes with CrossCountry Mortgage for Non-QM Investments

Hildene Capital Management LLC, a $12 billion credit-focused asset manager, has entered into a strategic relationship with CrossCountry Mortgage (CCM), a retail residential mortgage...

FundMore, M3 Financial Group Accelerate Mortgage Approvals Under Partnership

FundMore, a mortgage underwriting software company, has partnered with M3 Financial Group, a Canadian loan origination company, to use FundMore's end-to-end loan origination platform...

Three of Four Regions Experienced Pending Home Sales Decreases in October

Pending home sales slid for the fifth consecutive month in October, according to the National Association of Realtors. Three of four U.S. regions recorded...

AppraisalWorks, Mortgage Cadence Integration Helps Lenders with Appraisal Process

AppraisalWorks, a provider of real estate appraisal management technology, has partnered with Mortgage Cadence to allow lenders to consolidate multiple appraisal vendor and order...

FHFA Increases Baseline Conforming Loan Limit for 2023

The Federal Housing Finance Agency (FHFA) has released the conforming loan limit values (CLL) for mortgages to be acquired by Fannie Mae and Freddie...

Real House Prices Increased Over 10 Percent from September 2021 to 2022

The September 2022 First American Real House Price Index (RHPI) shows that real house prices increased 10.5% between August 2022 and September 2022, and...

Mortgage Applications Increase After Dip in Mortgage Rates

A decrease in mortgage rates resulted in mortgage application volume increasing 2.2% during the week ended November 18. According to the Mortgage Bankers Association’s Weekly...

New Home Sales Unexpectedly Increased in October 

New home sales in October were at a seasonally adjusted annual rate of 632,000, an increase of 7.5% compared with September but down 5.8%...

Non-QM Lender Logan Finance Using OptifiNow TPO CRM

Non-QM lender Logan Finance is using OptifiNow TPO, a CRM platform designed for wholesale lenders, to rapidly scale its wholesale team and quickly roll...

Fannie Mae Projects Total Single-Family Home Sales of 4.42 Million in 2023

After rebounding at a 2.6% annualized rate in Q3 2022 on the strength of net exports, real gross domestic product (GDP) is projected to...

Applications for New Home Purchases Tumbled Further in October

Applications for mortgages for new home purchases took a nosedive in October, falling 13% compared with September, according to the Mortgage Bankers Association's latest...

Citizens Survey Finds Young Homeowners Most Likely to Apply for HELOCs 

Roughly 77% of millennials are likely to apply for a HELOC within next three years, according to a survey recently conducted by Citizens Bank. As...

Independent Mortgage Banks Report Q3 2022 Losses

Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan they originated in the third...

Housing Market Experiences Fastest Mortgage Rate Drop in Four Decades

Mortgage rates dropped from over 7% to 6.6% this week on better-than-expected inflation news, bringing some hope to prospective buyers. The largest weekly drop...

Mortgage Lending Reached Three-Year Low in Third Quarter

ATTOM’s third-quarter 2022 U.S. Residential Property Mortgage Origination Report shows that 1.97 million mortgages secured by residential property (1-4 units) were originated in the...

MBA: Mortgage Credit Availability Dropped by Half a Percent in October

Mortgage credit availability decreased in October, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...

MeridianLink Combines Resources with FirstClose Digital Home Equity Solution

FirstClose Inc.’s FirstClose ONE Equity end-to-end digital home equity origination solution is now integrated with the MeridianLink One platform. FirstClose's equity solution reduces operational touchpoints...

All In Credit Union Incorporates Empower LOS Tech to Optimize Loan Originations

All In Credit Union has signed a contract to implement Empower, Black Knight Inc.'s loan origination system (LOS). The credit union selected the Empower...