Xactus Selected for Launch of ACUMA Services
Xactus, a provider of verification solutions to the mortgage industry, reports that it has been named the exclusive credit reporting, verification and flood provider...
Home Price Appreciation Slowed for an Eighth Consecutive Month in August
U.S. home prices increased a mere 0.1% in August compared with July and were up 4.5% compared with August 2023, according to First American’s...
Rice Park Capital Closes Ventures Fund II, to Invest in Mortgage Technology Companies
Private investment firm Rice Park Capital Management reports that its strategic equity investing team has closed RPC Ventures Fund II LP.
The committed capital allows...
Freddie Mac: Mortgage Rates Drop for a Fourth Week
Mortgage rates continued to fall this week, with the average rate for a 30-year fixed-rate mortgage (FRM) dropping to 6.09%, down from 6.2% last...
Existing-Home Sales Fell Again in August, Despite Declining Mortgage Rates
Despite a decrease in mortgage rates, existing-home sales fell 2.5% in August compared with July to a seasonally adjusted annual rate of 3.86 million,...
OceanFirst Bank to Settle DOJ Allegations it Engaged in Redlining Practices
OceanFirst Bank will pay $15 million to settle allegations brought by HUD and the DOJ that it engaged in redlining practices by restricting access...
Existing-Home Sales Will Not See Meaningful Growth for the Remainder of 2024
Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick...
Fed Cuts Rates for First Time Since the Start of the Pandemic
Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds...
Housing Starts Jumped in August as Builders Reacted to Lower Rates and Rising Demand
Housing starts in August were at a seasonally adjusted annual rate of 1.356 million, an increase of 9.6% compared with July and an increase...
Mortgage Activity Sees a Notable Boost
Data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 13 show that the number of mortgage applications increased...
Home Builder Sentiment Buoyed by Dip in Rates
Home builder sentiment increased for the first time in four months in September, buoyed by a dip mortgage rates, as per the National Association...
Optimal Blue Adding New AI-Driven Capabilities Across its Platform
Optimal Blue is adding new features to its platform including side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a...
Title Clearing & Escrow Announces Two New Hires
Zach Hines has joined Title Clearing & Escrow, a provider of title insurance and escrow settlement services for the real estate industry, as senior...
U.S. Homeowners Continued to See Strong Equity Gains in Q2 But Not in Every...
U.S. homeowners with mortgages - which account for roughly 62% of all properties - saw home equity increase by 8% year over year in...
NotaryCam Hires Sam McPherson as Head of Customer Success
Sam McPherson has joined NotaryCam, a Stewart-owned company and provider of remote online notarization technology, as the new head of customer success.
McPherson brings over...
LenderLogix Taps Ben Head as Account Executive
Ben Head has joined LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, as an...
Freddie Mac: Mortgage Rates Dip to Lowest Level Since February 2023
Mortgage rates dropped to the lowest level since February 2023 this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.2%,...
MMI Adds New Tool to Help LOs Identify Past Borrowers Who Are Ripe for...
Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries, has introduced a new feature,...
Optimal Blue: Rate-and-Term Refinances Surged in August
Rate-and-term refinances jumped 109% in August compared with July as mortgage rates decreased, according to Optimal Blue’s Market Advantage mortgage data report.
Refi locks reached...
Mortgage Applications Continue to Gradually Increase as Rates Fall
Mortgage application volume increased 1.4% during the week ended September 6, as the average rate for a 30-year fixed-rate mortgage with a conforming loan...