Tuesday, January 28, 2020
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New Home Sales Dipped in December But Were Still Up 23% Year Over Year

New home sales in December were at a seasonally adjusted annual rate of 694,000, down 0.4% compared with a revised 697,000 in...

Survey Suggests Millennials Are Overwhelmed by Home-Buying Process

According to TD Bank's “First-Time Homebuyer Pulse,” 75% of potential first-time buyers say they are overwhelmed by the process of purchasing a...

Sprout Mortgage Growth Reflects Vibrancy of Non-QM

Non-QM residential lending specialist Sprout Mortgage says December 2019 was its best-ever month, closing more than $268 million in loans.

Mortgage Rates Fall to Lowest Level in Three Months

Mortgage rates dropped again this week, with the average rate for a 30-year fixed-rate mortgage falling to 3.60%, down from last week’s...

Existing-Home Sales Rose in December; 2020 Expected to be ‘Great Year For Housing’

Existing-home sales in December increased to a seasonally-adjusted annual rate of 5.54 million, up 3.6% compared with November and up 10.8% compared...

Mortgage Applications Fall Back But Remain at an ‘Elevated Level’

Following a significant increase that came during the first full week of January, mortgage application volume moderated, dipping 1.2% on an adjusted...

Ed Powell Joins Angel Oak Home Loans as Regional Manager

Mortgage industry veteran Ed Powell recently joined Angel Oak Home Loans as regional manager and leader of the lender’s new consumer direct...

The Provident Bank Enters Warehouse Market

The Provident Bank has acquired United Bank's ResX Warehouse Lending portfolio from People's United Bank.“The expertise and leadership...

Quicken Loans Adopts Docutech ConformX Engine

Mortgage lender Quicken Loans has implemented Docutech's flagship ConformX dynamic document engine, which will integrate with Quicken Loans’ loan origination system (LOS)...

Mortgage Rates Basically Flat

Mortgage rates held steady this week, as the average rate for a 30-year fixed-rate mortgage increased slightly to 3.65%, up from 3.64%...

Open Mortgage Leans on Loan Import API for Reverse Production

ReverseVision, a provider of Home Equity Conversion Mortgage (HECM) and private reverse mortgage sales and origination technology, says OptifiNow is using the...

MortgageFlex Rolling out Docutech Integration

Docutech, a provider of document, e-sign, e-close and print fulfillment technology, is integrating its document and digital mortgage capabilities with MortgageFlex Systems,...

Mortgage Applications Jumped 30% During First Week of 2020

Following the usual holiday lull, mortgage application volume catapulted 30.2% during the week ended Jan. 10, according to the Mortgage Bankers Association's...

Notarize, Stewart Look to Take Online Closings to Full Scale

Notarize, a platform for legal online notarization, has formed a partnership that will give direct offices and independent agents of Stewart Title...

Changes to VA Program Spur Lower Level of Credit Availability

According to the Mortgage Bankers Association’s most recent Mortgage Credit Availability Index (MCAI) report, mortgage credit availability decreased in December 2019, falling...

NAR: Homeownership Sentiment Is Bullish for Both Buying and Selling

According to a National Association of Realtors fourth-quarter 2019 survey, 63% of people believe now is a good time to buy a...

Mr. Cooper Names New CEO of Xome

Mr. Cooper Group Inc. has appointed Mike Rawls CEO of Xome Holdings LLC, the company’s real estate services subsidiary.

Has the Millennial Refinance Boom Passed its Peak?

According to the latest Millennial Tracker report from Ellie Mae, 31% of loans closed by millennials in November were refinances, down 3%...

Mortgage Tech Firm Boosts SMS Text Capabilities for Loan Officers

Continuity Programs Inc. says it has connected its mortgage CRM software with Twilio's communication platform in order to enable users of...

Purchase Application Volume Increased a Surprising 5% During the Final Two Weeks of 2019

Mortgage application volume dipped 1.5% on an adjusted basis during the two weeks ended January 3, according to the Mortgage Bankers Association’s...

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