Case-Shiller: Home Prices Nationally Continued to Decrease in June
U.S. home prices decreased -0.3% on an adjusted basis in June compared with May but were up 1.9% compared with June 2024, according to...
MBA: Homebuyer Affordability Improved in July
Homebuyer affordability improved in July, as the national median mortgage payment applied for by purchase applicants decreased to $2,127, down from $2,172 in June,...
Land Gorilla Taps Ben Sizemore as CIO
Ben Sizemore has joined Land Gorilla, a provider of construction loan management software and services, as chief information officer.
The technology veteran will spearhead the...
Pending Home Sales Dipped in July as Buyers Remain Cautious
Pending home sales decreased 0.4% in July compared with June but were up 0.7% compared with July 2024, according to the National Association of...
Mortgage Rates Edged Back Down This Week as Markets Anticipate Fed Rate Cut
Mortgage rates edged back down this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.56%, down from 6.58% last week,...
Cloudvirga Adds Admin Portal to Tropos Platform, Giving Lenders Greater Control
Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, has added an admin portal for its Tropos borrower platform, giving lenders greater control...
nCino Introduces AI-Powered Mortgage Document Processing Solution
nCino has introduced Doc Validation, an AI-powered tool that tackles one of the biggest pain points in mortgage origination: document processing.
The typical bank, credit...
Mortgage Applications Fell Slightly Last Week as Rates Inched Back Up
Mortgage application volume fell during the week ended August 22, dropping 0.5% compared with the previous week, according to the Mortgage Bankers Association’s (MBA)...
New Home Sales Drooped in July as Impact of Builder Incentives May be Diminishing
New home sales in July were at a seasonally-adjusted annual rate of 652,000, down 0.6% compared with June and down 8.2% compared with July...
How Smaller FIs Are Leveraging Technology to Compete With Mortgage Giants
Whether it’s the independent local bookstore against the big-box corporate chain that just moved in down the block or a community bank competing with...
Logan Finance Taps Paul Dobynes as Western Managing Director of Sales
Paul Dobynes has been appointed western managing director of sales at non-QM mortgage lender Logan Finance Corporation.
Dobynes has more than 25 years of mortgage...
Choice Mortgage Group Expands, Hits Key Milestones in 2025
Mortgage lender Choice Mortgage Group reports that it has hit numerous milestones so far this year, including the expansion of its leadership team and...
Mortgage Rates Flat This Week
Mortgage rates were flat this week, with the average rate for a 30-year fixed rate mortgage at 6.58%, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Inched Up in July as Inventory Increased
Existing-home sales were at a seasonally adjusted annual rate of 4.01 million in July, an increase of 2.0% compared with June and an increase...
Westcor Launches Wire Verification Tool to Protect Real Estate Transactions
Westcor Land Title Insurance Company has launched val-Wire by Westcor, a wire verification tool delivers protection for title agents and keeps them ahead of real...
ACES: Loan Quality Risk Increasing as Market Pressures Mount
The overall critical defect rate for mortgage loans post-closing increased to 1.31% in the first quarter, ending a two-quarter improvement streak, according to the...
Mortgage Applications Fell Last Week While Rates Remained Flat
Mortgage application volume decreased 1.4% during the week ended August 15, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
The average rate for...
MBA: With Production Up, Mortgage Bankers Turned a Profit in Q2
Mortgage bankers saw a pre-tax net production profit of $950 on each loan they originated in the second quarter, a big improvement compared with...
NotaryCam Now Certified to Deliver RON Services in Vermont
NotaryCam has been certified to deliver secure, online digital notarizations in Vermont.
The state recently passed legislation enabling remote online notarization (RON).
“RON can not only...
Housing Starts Increased in July But Homebuilders Continue to Face Stiff Headwinds
Housing starts in July were at a seasonally adjusted annual rate of 1.428 million, an increase of 5.2% compared with June and up 12.9%...