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Mortgage Applications Dropped as Rates Jumped

Mortgage application volume nosedived 11.4% during the week ended Feb. 19, due mainly to higher rates, according to the Mortgage Bankers Association’s (MBA) Weekly...

Spring EQ Hires Saket Nigam as SVP, Capital Markets

Saket Nigam has joined Spring EQ, a nationwide first and second mortgage lender, as senior vice president, capital markets. Nigam has more than a decade...
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Existing-Home Sales Up Nearly 24 Percent in January Compared With a Year Earlier

Existing-home sales in January were at a seasonally-adjusted annual rate of 6.69 million, an increase of 0.6% compared with December and up 23.7% compared...

SLK Global Solutions Taps Shane Jones as VP for Tax Outsourcing Operations

Shane Jones has joined SLK Global Solutions, a provider of digital platforms and business process management solutions to the banking, mortgage and financial services...
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Applications for New Home Purchases Jumped 17 Percent in January

Applications for mortgages for new home purchases increased 17% in January compared with December and were up 18.9% compared with January 2020, according to...

Mortgage Rates Move Up But Are Forecast to Remain Low in 2021

Mortgage rates edged up this week, with the average rate for a 30-year, fixed rate mortgage rising to 2.81%, up from an average of...
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Housing Starts Dipped in January as Builders Face Supply-Side Headwinds

Housing starts were at a seasonally adjusted annual rate of 1.58 million in January - a decrease of 6.0% compared with December and down...

Refi Share Jumps As Interest Rates Continue Descent

Interest rates on all closed loans continued to decline in January to 2.88 percent, down from 2.93 percent in December, according to the latest Origination...

Homespire Mortgage Promotes Listy Limon to Vice President of National Production

Listy Limon has been promoted to vice president of national production at Homespire Mortgage. Limon was previously regional manager for the Southwest Region. Limon joined Homespire...

Promontory MortgagePath Hires Savita Ilango as Chief Financial Officer

Savita Ilango has joined Promontory MortgagePath, a provider of comprehensive digital mortgage and tech-driven fulfillment solutions, as chief financial officer. A financial industry veteran, Ilango...

New Integration Gives Lenders Snapshot of Closing Provider Fees

LodeStar Software Solutions, a provider of loan estimate fee insight, has formed an integration with Mortgage Coach, developer of the Total Cost Analysis Borrower...

Mortgage Rates Hold at Record Lows as U.S. Economy Bifurcates Along Sectors

Mortgage rates were basically flat this week, as the average rate for a 30-year fixed-rate mortgage remained pinned at 2.73%, according to Freddie Mac’s...

Mortgage Applications Fell 4.1 Percent as Rates Edged Up

Mortgage application volume decreased 4.1% during the week ended February 5, as the average rate for a 30-year fixed rate mortgage increased to 2.96%,...

Mortgage Credit Jumped in January But Remains at Tightest Level Since 2014

Mortgage credit availability increased 2% in January compared with December, reaching a score of 124.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...

Ocwen Names New EVP and Chief Growth Officer

Non-bank mortgage servicer and originator Ocwen Financial Corp. has appointed George T. Henley executive vice president and chief growth officer, effective February 15. He...

Sales Boomerang Tees Up Borrower Intelligence Tool

Sales Boomerang, an automated borrower intelligence and retention system, has rolled out the beta release of Prescriptive Scenarios, a product line of “smart” loan scenarios...

Guaranteed Rate Acquires Retail Mortgage Lender Owning Corp.

Guaranteed Rate has acquired Owning Corp., a leading direct-to-consumer mortgage platform based in California, for an undisclosed sum. The acquisition bolsters Guaranteed Rate’s platform and...

After Dismal December, U.S. Economy Added 49,000 Jobs in January

The U.S. economy added 49,000 jobs in January and the unemployment rate dipped to 6.3%, according to data from the U.S. Bureau of Labor...

Mid America Mortgage Hires Katherine Carlsen as Underwriting Manager

Katherine Carlsen recently joined Mid America Mortgage as underwriting manager.  Carlsen has more than 30 years of mortgage industry experience. She previously worked for Wells Fargo...

LodeStar Now Integrated with Mortgage Coach’s Platform

LodeStar Software Solutions, a provider of compliant loan estimate fee insight, is now integrated with Mortgage Coach, creator of the Total Cost Analysis Borrower...

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