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Carrington Mortgage Services’ Correspondent Channel Focusing on Non-QM

Carrington Mortgage Services (CMS) reports that, moving forward, its correspondent channel is concentrating exclusively on underwriting and purchasing non-qualified mortgage (non-QM) loans. “In recent years,...

Mortgage Collaborative Adds Seven New Lenders to its Network

The Mortgage Collaborative, an independent cooperative network serving the mortgage industry, recently added the following lender members to its growing community: Zillow Home Loans Old National...

Labor Market Remained Strong in March, With 228,000 Jobs Added

The U.S. economy added about 228,000 jobs in March - higher than was expected - while the unemployment rate increased slightly to 4.2%, according...

Redfin: Surging HOA Fees, Insurance Costs Dragging Down the Condo Market

The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out. It has also become more...

Mortgage Rates Decrease Slightly for Third Straight Week

Mortgage rates continued to edge down this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.64%, down from 6.65% last...

AssetVal and Restb.ai Modernize BPOs With AI-Powered Visual Validation

AssetVal, a valuation company known for delivering high-quality broker price opinions (BPOs), is now integrated with Restb.ai, an innovator in computer vision AI for...

Veros: U.S. Home Prices Forecast to Rise 2.4 Percent Over Next 12 Months

U.S. home prices will rise about 2.4% over the next 12 months, according to the Q1 2025 VeroFORECAST report recently released by Veros Real...

One Real Mortgage Launches Compensation and Stock Awards Programs for LOs

One Real Mortgage, the mortgage broker arm of The Real Brokerage Inc., is setting a new standard for loan officer empowerment with the launch...

Purchase Applications Increased 2 Percent Last Week, Up 9 Percent From a Year Ago

Mortgage applications decreased 1.6% during the week ended March 28, as the average rate for a 30-year, fixed-rate mortgage dropped to 6.70%, down from...

Case-Shiller: Home Prices Increased 0.6 Percent in January

U.S. home prices increased 0.6% on a seasonally adjusted basis in January compared with December and were up 4.1% compared with January 2024, according...

Supreme Lending Hires Sarah Middleton as Chief Growth Officer

Sarah Middleton has joined mortgage lender Supreme Lending as chief growth officer and chief marketing officer. Middleton has more than 36 years of experience in...

A&D Mortgage Completes Acquisition of Mr. Cooper’s Wholesale and Non-Delegated Correspondent Business

A&D Mortgage has completed its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group Inc. Mr. Cooper previously acquired the wholesale...

ATTOM: Homeownership Slightly Less Affordable in Q1 Despite Home Price Slowdown 

Homeownership was slightly less affordable in the first quarter compared with the fourth quarter, according to ATTOM’s U.S. Home Affordability Report. The report shows that...

FinLocker to Cover Cost of Verifications

Verifications are one of the fastest-growing expenses in the mortgage origination process right now. In response, FinLocker, which offers technology that readies consumers to become...

Usherpa Hires Laila Stout as Senior Marketing Strategist

Experienced marketing executive Laila Stout has joined Usherpa, developers of the real estate and mortgage industry’s first customer relationship engagement platform (REP) platform, as...

Cotality to Offer Optimal Blue’s Direct-Source Origination Data

Optimal Blue reports that it has formed a strategic alliance with Cotality - formerly known as CoreLogic - under which Cotality will offer Optimal Blue’s...

Mortgage Rates Decrease and Flatten After Several Weeks of Volatility

Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.65%, down from 6.67% last week, according...

MBA: Homebuyer Affordability Remained Flat in February

The national median mortgage payment applied for by purchase applicants in February was $2,205 - basically flat compared with January - according to the...

Waterstone Mortgage Hires Margie Hennessey as VP, Eastern Region Sales

Margie Hennessey has joined Waterstone Mortgage Corp. as vice-president – eastern region sales. Hennessey has more than 21 years of experience in the mortgage lending...

Pending Home Sales Up 2 Percent in February as Spring Homebuying Season Off to...

Pending home sales increased 2.0% in February compared with January however they were down 3.6% compared with February 2024, according to the National Association...