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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...

Mortgage Originations Fell 14 Percent in Q1, as Purchases Slowed to a Trickle 

About 1.4 million residential mortgages were originated in the U.S. during the first quarter, down 14% compared with the fourth quarter, as purchase volume...

Clear Capital: Home Prices Continue to Rise in Most Markets

U.S. home prices increased 1.4% in the three months ended in May and were up 4.2% compared with May 2024, according to the latest...

Covius Acquiring Title365 Holding Co.

Covius, a provider of technology-enabled solutions to the financial services industry, has signed a definitive agreement to acquire Title365 Holding Co., a national provider...

Another Solid Jobs Report Likely Kicks Hopes of Fed Rate Cut Down the Road

Roughly 139,000 new jobs were added to the U.S. economy in May, while the unemployment rate remained unchanged at 4.2%, according to the U.S....

Cotality: Annual Home Price Growth Slowest in More Than a Decade

U.S. home prices increased 0.6% in March compared with February but were up only 2% compared with March 2024, according to Cotality’s latest home...

Mortgage Rates Down a Smidge This Week

Mortgage rates decreased slightly this week, after three consecutive weeks of increases, with the average rate for a 30-year fixed-rate mortgage falling to 6.85%,...

Accurate Group Hires Joshua Livingston as Chief Revenue Officer

Joshua Livingston has joined Accurate Group, a provider of digital mortgage solutions, title and valuation services, as chief revenue officer. Livingston has more than 20...

A&D Mortgage Enhances its FHA Loan Programs

A&D Mortgage is working to solidify its place in residential mortgage lending by improving its FHA loan programs. Following on the heels of acquiring the...

Prudent AI Launches AUS for Non-QM Lending

Prudent AI, which offers AI-driven mortgage technology, has launched an upfront automated underwriting system (AUS) purpose-built for the non-QM lending market. The new system shifts...

Mortgage Applications Fall for a Third Week Despite Dip in Rates 

Mortgage application volume continued to drop last week - even though rates decreased slightly. It was the third consecutive week that total volume fell. According to...