Freddie Mac Taps Diana Reid as its Next CEO
Real estate and financial services industry veteran Diana Reid is the new CEO of Freddie Mac, effective immediately.
Reid also will serve as a member...
August Jobs Report Shows a Cooling Labor Market, Supporting a Fed Rate Cut
The U.S. economy added 142,000 jobs in August - weaker growth than in previous months - while the unemployment rate remained flat at 4.2%,...
Mortgage Credit Availability Increased in August as Lenders Broadened Their Refinance Offerings
Mortgage credit availability increased 0.9% in August, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
The increase brought the index score...
Consumers Starting to Feel Better About Where Mortgage Rates Are Going
The Fannie Mae Home Purchase Sentiment Index increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage...
MBA: Purchase Applications Increased Last Week as Refinances Dipped
Mortgage application volume inched up 1.6% during the week ended August 30, as the average rate for a 30-year, fixed-rate mortgage dipped to 6.43%,...
Figure Technology Solutions Taps Ron Chillemi as Chief Legal Officer
Ron Chillemi has joined non-bank HELOC provider Figure Technology Solutions as its first chief legal officer and corporate secretary, where he will oversee the company’s...
Freddie Mac: Mortgage Rates Dropped This Week
Mortgage rates decreased this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.35%, down from 6.46% last week, according to...
MBA: Homebuyer Affordability Improved in July
The national median payment applied for by purchase applicants decreased to $2,140, down from from $2,167 in June, according to the Mortgage Bankers Association's...
Pending Home Sales Fell to Lowest Level on Record in July
Pending home sales decreased 5.5% in July compared with June and were down 8.5% compared with July 2023, as mortgage rates and home prices...
The Trade-In Mortgage From Calque Now Being Offered by Mid Florida Mortgage Professionals
Mid Florida Mortgage Professionals is now offering The Trade-In Mortgage from Calque to its borrowers.
The loan solution allows homeowners to leverage the equity in...
Mortgage Application Volume Inched Up Last Week as Rates Dipped
Mortgage application volume rose 0.5% last week as the average rate for a 30-year mortgage decreased to 6.44%, down from 6.5% the previous week,...
Case-Shiller: Home Prices Eked Out a 0.2 Percent Increase in June
U.S. home prices continued their upward march in June, rising 0.2% on an adjusted basis compared with July, however the rate of appreciation is...
Home Affordability Improved Slightly in July
Home affordability got a bit better in July - but not enough to improve homebuyer sentiment, according to the latest Real House Price Index...
Sparrow Mortgage Now Offering The Trade-In Mortgage From Calque
Calque and The Trade-In Mortgage have announced 20 new lenders in 2024.
The latest is Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts,...
New Home Sales Increased 10.6 Percent in July
New home sales in July were at a seasonally adjusted annual rate of 739,000, an increase of 10.6% compared with June and up 5.6%...
Informative Research Taps Steve Schulz as EVP of Product Management
Steve Schulz has joined Informative Research as the new executive vice president of product management.
Schulz has more than 20 years of experience in information...
Mortgage Machine Now Integrated with Vice Capital Markets
Mortgage hedge advisory firm Vice Capital Markets has completed its integration with Mortgage Machine, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate...
Mortgage Rates Flat This Week, With 30-Year at Around 6.46 Percent
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage hovering around 6.46%, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Increased in July but Remain ‘Sluggish’
After decreasing for four consecutive months, existing-home sales finally turned the corner and grew 1.3% in July compared with June to a seasonally adjusted...
U.S. Home Prices Increased 0.3 Percent in July But Have Turned Negative in Certain...
Home prices increased 0.3% nationally in July compared with June and were up 5.3% compared with July 2023, according to First American’s home price...