Mortgage Rates Dipped Again This Week
Mortgage rates decreased slightly this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.81% as of June 18, down from...
Blue Sage Integration With Freddie Mac’s LPA Paves Way for Lenders to Use Rent...
Blue Sage Solutions is partnering with Freddie Mac to empower lenders to use rent payments when approving borrowers.
Through an integration with Freddie Mac’s Loan...
First American: Annual Home Price Appreciation at Slowest Pace Since 2012
U.S. home prices increased 0.4% in May compared with April but were up only 2.1% compared with May 2024, according to First American’s latest...
FOMC Maintains Fed Funds Rate as Mortgage Rates Remain Steady
Citing that economic activity has continued to expand, unemployment remains low, and the labor market remains solid, the Federal Open Market Committee on Wednesday...
Housing Starts Plummeted to Lowest Level Since 2020 in May
Housing starts in May fell to a seasonally adjusted annual rate of 1.256 million, down 9.8% compared with April and down 4.6% compared with...
Mortgage Applications Dropped 2.6 Percent Last Week Despite Lower Rates
Mortgage application volume fell 2.6% during the week ended June 13, despite a decrease in rates, according to the Mortgage Bankers Association’s (MBA) Weekly...
New Booking Platform, Visbl, is Like a ‘Search Engine for Mortgages’
Visbl is a new booking platform that simplifies the mortgage shopping experience and eliminates the privacy risks of legacy lending sites.
The fintech platform brings...
Applications for New Home Purchases Dropped in May
Applications for mortgages for new home purchases decreased 9% in May compared with April, as home buyers continued to sit on the sidelines, waiting...
PHH Mortgage Expands its Partnership With Blend
PHH Mortgage, one of the largest mortgage servicers in the U.S. and a subsidiary of Onity Group Inc., is expanding its partnership with Blend...
Redfin: Typical Downpayment on a Home Purchase Shrank Slightly as of April
Despite rising home prices, the typical U.S. homebuyer’s down payment shrunk by 1% in April compared with a year ago, according to a report...
Planet Financial Group Closes $125 Million Senior Unsecured Notes Add-On Deal
Planet Financial Group reports that it has successfully closed an offering of $125 million add-on to its existing $475 million 10.5% senior unsecured notes...
Mortgage Rates Calm Following Encouraging CPI Data
Mortgage rates were basically flat this week, with the average rate for a 30-year, fixed-rate mortgage at 6.84%, down slightly from last week when...
More Homeowners Underwater on Their Mortgages in Q1 as Home Price Appreciation Slowed
Roughly 1.2 million U.S. homeowners, or 2.1%, were underwater on their mortgages as of the end of the first quarter, an increase of 17%...
ATTOM: Foreclosure Starts Decreased in April, While Completed Foreclosures Increased
A total of 35,498 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in May, down 1% compared with...
Nationwide Mortgage Bankers Taps Chris Allen as Chief Culture Officer
Chris Allen has joined Nationwide Mortgage Bankers Inc. (NMB) as chief culture officer.
Allen previously served in a transformative role as chief talent officer at...
MBA: Mortgage Applications Jumped 12.5 Percent Last Week
Mortgage application volume surged 12.5% during the week ended June 6, despite a slight increase in rates, according to the Mortgage Bankers Association’s (MBA)...
Luxury Home Prices Increased in April Despite Slowing Sales
Sales of luxury homes slowed in April — but that didn’t stop luxury home prices from rising: According to recent report from Zillow, luxury...
Dark Matter Adds New AUS Findings Comparison Feature to Empower LOS
Dark Matter Technologies has enhanced the dual automated underwriting system (AUS) submission feature within its Empower loan origination system (LOS).
The new functionality helps originators...
Mortgage Credit Availability Now at Highest Level Since August 2022
Mortgage credit availability increased 2.1% in May compared with April, rising to a score of 105.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
New Lead Generation Tool Launched by Optimal Blue
Optimal Blue has launched a new lead generation tool that helps originators efficiently track and identify refinance opportunities so they can reengage borrowers with...