MBA: Annual Pace of New Home Sales Down 20 Percent Since October 2020
The Mortgage Bankers Association’s (MBA) Builder Application Survey (BAS) data for May 2021 shows that applications for new home purchases decreased 5.9 percent compared...
Freddie Mac: 30-Year Fixed Mortgage Rate Drops, Along with 5-Year ARM
Freddie Mac’s latest Primary Mortgage Market Survey (PMMS) shows that the 30-year fixed-rate mortgage (FRM) averaged 2.93 percent for the week ending June 17,...
Planet Home Lending Using Total Expert Customer-Focused Tools
National mortgage lender and servicer Planet Home Lending has deployed Total Expert’s CRM and customer engagement platform to increase loan officer productivity, improve marketing...
Mortgage Credit Increased in May But Remains Well Below Pre-Pandemic Levels
Mortgage credit availability increased in May, rising 1.4% compared with April to a score of 129.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Despite Drop in Interest Rates, Rate Locks Were Still Down Across the Board
Black Knight Inc. new Originations Market Monitor report, which looks at origination data through May 2021, shows that overall rate locks were down 4.7%...
Vast Majority of Lenders Expect Mortgage Profitability to Decrease
For the third consecutive quarter, an increased share of mortgage lenders expect profit margins to retreat further from last year's highs, according to Fannie...
Maxwell Taps Sadie Gurley as Vice President
Sadie Gurley recently joined digital mortgage platform Maxwell as vice president.
Gurley has more than 25 years of mortgage industry experience, specifically in due diligence...
Refinance Share of Mortgage Applications Drops to Lowest Level Since April
The Mortgage Bankers Association's (MBA) latest Weekly Mortgage Applications Survey shows that for the week ending June 4, applications decreased 3.1 percent on a...
Mortgage Coach Adds Debt Consolidation Strategies
Mortgage Coach has added debt consolidation strategies in the Total Cost Analysis (TCA) presentation, allowing loan originators to educate consumers on lower interest debt...
Maxwell Launches New Offering That Combines Due Diligence and Quality Control Services
Maxwell, which offers a blend of digital mortgage software and services, has released MaxDiligence, a new offering that provides due diligence and quality control...
Ross Mortgage Hires Sheri Crump as VP of Mortgage Lending Operations
Sheri Crump recently joined Ross Mortgage Corp., a full-service residential mortgage lender, as vice president of mortgage lending operations.
Crump has 28 years of mortgage industry...
Fannie Mae HPSI for May Reflects Continued Buyer Wariness
The Fannie Mae Home Purchase Sentiment Index (HPSI) remained relatively flat in May, increasing by 1 point to 80.0.
Four of the HPSI's six components...
Matt Hansen, Founder of SimpleNexus, Steps Down as CEO
Matt Hansen, founder and CEO of SimpleNexus, a mortgage origination platform for loan officers, borrowers, real estate agents and settlement agents, is stepping down...
Mortgage Bankers Saw Average Profit Per Loan Dip in Q1
Mortgage bankers earned a net gain of $3,361 on each loan they originated in the first quarter, down from $3,738 in the fourth quarter...
Unemployment Rate Fell to 5.8 Percent in May
The U.S. economy added 559,000 jobs in May, a majority of them in the leisure and hospitality category, as the unemployment rate dropped to...
Average Rate For 30-Year Mortgage Continues to Hover Around 3 Percent
The average rate for a 30-year, fixed-rate mortgage inched up slightly this week but remains below 3% at 2.99%, according to Freddie Mac’s Primary...
MBA: Confluence of Factors ‘Hold Back Purchase Activity’
According to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 28, applications decreased 4 percent from...
Pending Home Sales Fell in April Compared with March
Pending home sales fell 4.4% in April compared with March but were up 51.7% compared with April 2020, according to the National Association of...
Cherry Creek Mortgage Promotes David Arnett to CMO
David Arnett has been promoted to chief marketing officer at Cherry Creek Mortgage, where he will continue to oversee the company’s brand while expanding...
Freddie Mac Taps Industry Veteran Michael J. DeVito as its New CEO
Michael J. DeVito is the new CEO of Freddie Mac, effective June 1.
Interim CEO Mark B. Grier will resume his duties as a full-time...