Mortgage Borrowers’ Tappable Equity Hit All-Time High of $11.5 Trillion in June
Home equity held by U.S. mortgage borrowers hit an all-time high of $13.8 trillion in June, according to ICE Mortgage Technology’s Mortgage Monitor report.
At...
AVMs Seeing Increased Use by Home Equity Lenders
Home equity lenders’ use of AVMs has increased significantly, a report from Corporate Settlement Solutions (CSS) shows.
The report measures of the types of valuation...
Candor Technology Introduces AI-Powered Mortgage Prequalification Tool
Candor Technology has launched PreQual, a patented borrower prequalification service that leverages artificial intelligence to deliver instant results and borrower insights across conventional and...
MIAC Analytics Integrated with Fannie Mae Mission Score API
MIAC Analytics, a provider of pricing, risk management, and accounting solutions for the mortgage and financial service industries, is now integrated with Fannie Mae’s...
Move Concierge Hires Billy Jack Snelson as CMO
Billy Jack Snelson has joined Move Concierge as chief marketing officer.
Snelson, who worked previously as vice president of marketing at Keller Williams, is tasked...
Number of Renter Households in the U.S. Grew in the Second Quarter
The number of renter households in America grew 1.9% year over year in the second quarter to a record 45.2 million, according to a...
U.S. Economy Added 114K Jobs in July as Labor Market is Clearly Cooling
About 114,000 jobs were added to the U.S. economy in July, as the unemployment rate increased to 4.3% and the number of unemployed people...
Mortgage Lock Volume Fell in July
Mortgage lock volume decreased 5.67% in July compared with June, according to Mortgage Capital Trading (MCT), continuing the trend established in May and June.
The...
PMI Continues to Help First-Time Homebuyers Qualify for Financing
Nearly 800,000 Americans used private mortgage insurance to purchase a home in 2023, and 64% of them were first-time buyers, according to a report...
LenderLogix and Truv Now Integrated
LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, is now integrated with automated employment and income...
Home Prices Were Flat in May Compared With April But Up 5.7 Percent Year...
U.S. home prices were flat in May compared with April but were up 5.7% compared with May 2023, according to the Federal Housing Finance...
Mortgage Rates Dipped This Week as 30-Year Remains Stuck Around 6.73 Percent
Mortgage rates decreased this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.73%, down from 6.78% last week, according to...
a360inc’s Investor Group Acquires ProVest
a360inc, a technology solutions provider to law firms, title agencies, mortgage lenders and investors, has acquired ProVest, a service of process and litigation information...
Down Payment Resource Hires Brad Cardwell as VP of Sales and Business Development
Mortgage industry veteran Brad Cardwell has joined Down Payment Resource as vice president of sales and business development.
Cardwell brings extensive industry experience in steering...
Pending Home Sales Up 4.8 Percent in June But Still Down Year-Over-Year
Pending home sales increased 4.8% in June compared with May but were down 2.6% compared with June 2023, according to the National Association of...
Fed Keeps Rates Flat But Hints at September Cut
The Federal Open Market Committee today voted to keep the Fed Funds rate flat for now at 5.25% to 5.5%. but hinted that a...
Mortgage Applications Drop for a Second Week
Mortgage application volume dropped 3.9% during the week ended July 26, while rates remained relatively flat compared with the previous week, according to he...
Rate Hires Daniel Manginelli to Head In-House Sales Coaching
Daniel Manginelli has joined Rate (formerly Guaranteed Rate) to lead the company’s in-house sales coaching platform.
Manginelli is author of “SHAKE IT UP! Big Dreams...
Motto Mortgage’s Latest Franchise Opens in Fargo
Motto Mortgage has opened a new franchise location in Fargo, North Dakota.
"Motto Mortgage Premier Pros” is now open serving all markets throughout the Peace...
Platte River Mortgage Partnering with Calque to Expand The Trade-In Mortgage in Colorado
Colorado-based mortgage and investment firm Platte River Mortgage & Investments has partnered with Calque to expand The Trade-In Mortgage in Colorado.
The Trade-In Mortgage is a...