Zillow: A Typical Starter Home is Now $1 Million in 237 U.S. Cities
The typical "starter home" is worth at least $1 million in 237 U.S. cities, according to a report from Zillow.
Five years ago, there were...
U.S. Home Prices Hit Highest Level in History in May
U.S. home prices continued to shatter records in May, rising 0.3% on a seasonally adjusted basis compared with April to reach the highest level...
Luxury Market Continued to Thrive in Q2 ‘Thanks to an Abundance of All-Cash Buyers’
The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly...
HELOC, Home Equity Loan Originations Were Basically Flat in 2023
HELOC and home equity loan origination volume increased 1.5% in 2023 compared with 2022, while debt outstanding increased 8.3%, according to the Mortgage Bankers...
First American: Home Affordability Improved Slightly in June
Home affordability improved from May to June but remained down 4% compared with June 2023, as per First American’s latest Real House Price Index.
“Nationally,...
Halcyon IRS Integrated Income Verification Solutions Integrated with CoreLogic
Halcyon, offering digital IRS integrated income verification solutions, has announced an integration with CoreLogic that aims to revolutionize the income verification process in the...
Homebuyer Affordability Improved in June
The national median payment applied for by purchase applicants in June decreased to $2,167, down from $2,219 in May, according to the Mortgage Bankers...
Atlantic Coast Mortgage Using Nextwave CRM
Atlantic Coast Mortgage is using Nextwave CRM by CRMnow as its enterprise CRM platform for loan officers across all 30 states where it operates.
Atlantic...
Freddie Mac: Mortgage Rates Basically Flat
Mortgage rates were basically flat this week compared with last week, as the average rate for a 30-year increased slightly to 6.78%, up from...
Neighborhood Credit Union Using FirstClose to Streamline Home Equity Lending
Neighborhood Credit Union is using FirstClose to streamline its home equity lending operations.
Headquartered in Dallas, Neighborhood Credit Union has 14 branches throughout Texas serving...
Share of Homes Sitting on the Market Longer Than a Month Increased in June
Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract,...
Informative Research Expands Integration with The Work Number to Provide New Options
Verification solutions provider Informative Research has expanded its integration with Equifax’ The Work Number income and employment information.
With this enhancement, Informative Research provides its...
New Home Sales Decreased 0.6 Percent in June as Buyers Wait for Rates to...
New home sales fell 0.6% in June compared with May to reach a seasonally adjusted annual rate of 617,000, according to estimates from the...
Mortgage Applications Fell 2.2 Percent Last Week Despite Dip in Rates
Despite a slight dip in rates, mortgage application volume fell 2.2% during the week ended July 19, according to the Mortgage Bankers Association’s (MBA)...
Optimal Blue Adds New Generative AI Assistant Capabilities
Capital markets technology firm Optimal Blue has launched generative AI capabilities centered on helping mortgage lenders maximize profitability on every loan transaction.
Through direct engagement...
NAR: Existing-Home Sales Fell 5.4 Percent in June
Existing-home sales decreased 5.4% in June compared with May to a seasonally adjusted annual rate of 3.89 million, according to the National Association of...
MMI Taps Dan Jones as Chief Data Officer as It Expands Data Initiatives and...
Dan Jones, a seasoned data and artificial intelligence (AI) strategist, has joined Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools...
Federal Agencies: Lenders Must Implement QC Standards for AVMs
Mortgage lenders and secondary market issuers must implement quality control standards for the automated valuation models (AVMs) they use in valuing homes, as per...
Wholesale Lender 5th Street Capital Using OptifiNow TPO
Non-QM wholesale lender 5th Street Capital is using the OptifiNow TPO as its new sales management and marketing solution.
The San Diego-based mortgage lender is...
Kiavi Closes $350 Million Unrated Securitization of Residential Transition Loans
Kiavi, a provider of capital to residential real estate investors, has closed a $350 million unrated securitization of residential transition loans.
This marks Kiavi’s 18th transaction under its LHOME shelf, bringing the company’s total issuance to more than $4.7...