Existing-Home Sales Fell in August as Buyers Waited For Inventory
Due mainly to lack of supply, existing-home sales fell 2.0% in August compared with July, according to the National Association of Realtors (NAR).
The decrease...
Finastra Total Lending Home Offers Single Entry Point for Lending Solutions
Finastra has launched Total Lending Home, a new cloud-based portal to launch and manage the Total Lending suite of solutions. Current lending products available...
Demand for Second Homes Falls Nearly 20 Percent
Demand for second homes dropped 19.3% year over year in August, marking the third straight month of declines, according to a new report from...
PennyMac Incorporates Encompass Investor Connect into Technology Stack
ICE Mortgage Technology, part of Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure, has partnered with PennyMac Loan Services LLC,...
Plaza Home Mortgage Hires Michael Wilson as CIO
Michael H. Wilson has joined Plaza Home Mortgage, a wholesale and correspondent mortgage lender, as chief information officer.
Wilson joins Plaza from Zense, a technology...
Nearly 20 Percent Decrease in August New Home Purchase Mortgage Applications
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021 shows mortgage applications for new home purchases decreased 17% compared from...
Freddie Mac Researches Appraisal Valuation Gap in Minority Neighborhoods
Freddie Mac has released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in...
Frost Bank, Infosys Debut Mortgage Loan Product Offering
Infosys is collaborating with Frost Bank to provide strategic business consulting and digital capabilities to enable Frost Bank to offer mortgage loans along with...
ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1
The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter...
Evolve Mortgage Services Reorganizes to Align With Expanding Loan Product Mix
Onshore outsourced mortgage services and technology provider Evolve Mortgage Services has announced a strategic reorganization wherein executive leaders Gregg Meyer, Tim Anderson and Mark...
Black Knight Introduces Loan Origination System for Mortgage Brokers
Black Knight Inc. has launched LoanCatcher, a loan origination system (LOS) designed specifically for the needs of mortgage brokers. Entirely cloud-based, LoanCatcher gives brokers...
Latest MBA Weekly Survey Shows Mortgage Application Increase
Mortgage applications have increased 0.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the...
BeSmartee, Snapdocs Expand Digital Closing Capabilities with Integration
BeSmartee, a fintech firm and developer of digital mortgage platforms, has integrated with Snapdocs, a digital closing platform for the mortgage industry, to provide...
Cash-Out Refinance Volume Continued to Rise in August
Overall rate locks were up 1.3% in August compared with July, driven by a 7.6% increase in cash-out refinance activity, according to Black Knight’s...
Paradatec Mortgage Document Technology Now Available in AI-Cloud Offering
Paradatec, a provider of AI-based document classification and data extraction technology for mortgage loan processing, is now offering its software via the cloud.
“Our clients...
Stewart Title Hires John Piccirillo as SVP, Agency Services for New York
John J. Piccirillo has joined Stewart Title, a global real estate services company, as senior vice president, agency services for New York.
During his career,...
Mortgage Credit Availability Grew in August
Mortgage credit availability increased in August according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...
Notarize, Snapdocs Simplify Remote Online Notarization
Notarize, a remote online notarization company, and Snapdocs Inc., a digital closing platform for the mortgage industry, have partnered to deliver an end-to-end digital...
Mortgage Rates Stay Relatively Flat
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results for the week ending Sept. 9 show that the 30-year fixed-rate mortgage (FRM) averaged 2.88%.
“While the...
Mortgage Lenders Anticipate Decreased Near-Term Profitability
For the fourth consecutive quarter, a plurality of mortgage lenders expect near-term profitability to decrease, according to Fannie Mae’s Q3 2021 Mortgage Lender Sentiment...