Optimal Blue Adds New Feature to PPE That Automates Best Efforts Locks
Secondary marketing software firm Optimal Blue has introduced a “first-of-its-kind automation” that could change how lenders handle best efforts locks.
The new enhancement to the...
SettlementOne Teams With Truv to Launch Comprehensive Asset Verification Solution
SettlementOne, a provider of credit reporting and mortgage verification services, has expanded its partnership with Truv, a provider of real-time income and employment verification...
ATTOM: Share of ‘Equity-Rich’ Homes Increased in Q2
After falling for three consecutive quarters, the share of “equity-rich” homes increased to 47.4% in the second quarter, up from 46.2% in the first...
Joseph Gormley Nominated to Serve as President at Ginnie Mae
Joseph Gormley has been nominated to serve as the next president at Ginnie Mae.
Gormley currently serves as Ginnie Mae’s executive vice president and chief...
First American: Home Prices Not Likely to Crash Like They Did in 2008
If you think home prices nationwide are going to decrease significantly in the months to come, you better think again: A report from First...
July Jobs Report ‘Well Below Consensus Estimates’
The U.S. labor market weakened in July, adding only 73,000 jobs, far lower than expected, however the unemployment rate remained flat at 4.2%, according...
Mortgage Rates Remain Stuck in the Same Range
Mortgage rates fell slightly this week, as the average rate for a 30-year decreased to 6.72%, down from 6.74% last week, according to Freddie...
Fed Votes 9-2 to Hold Interest Rates Steady
As was expected, the Federal Open Market Committee on Wednesday voted to keep the fed funds rate at 4.25% to 4.5%, however, two committee...
Pending Home Sales Decreased Slightly in June
Pending home sales decreased 0.8% in June compared with May and were down 2.8% compared with June 2024, according to the National Association of...
Mortgage Applications Fell 3.8 Percent Last Week as Uncertainty Keeps Buyers on Sidelines
Mortgage application volume decreased 3.8% during the week ended July 25, as the average rate for a 30-year dipped to 6.83%, down from 6.84%...
First American Adds Generative AI Tool to AgentNet Platform
First American Title has launched its AgentNet Assist Generative AI tool, which enhances productivity for title agents.
The addition of this tool means industry-leading underwriting...
Senate Banking Committee Unanimously Passes the ROAD to Housing Act
The Senate Banking Committee today unanimously passed the Renewing Opportunity in the American Dream (ROAD) to Housing Act of 2025, which aims to increase...
Embrace Home Loans Promotes Brian Woltman to Senior Vice President
Brian Woltman has been promoted to senior vice president at Embrace Home Loans, a top-ranked national mortgage lender.
In addition, Woltman has been inducted into...
Finastra Now Integrated With Halcyon
Mortgage software provider Finastra is now integrated with Halcyon, thus enabling seamless digital management of IRS Form 8821 authorizations within Finastra’s Mortgagebot solution.
The integration provides...
HELOC/Home Equity Loan Volume Increased 7.2 Percent in 2024
Total originations of open-ended home equity lines of credit (HELOCs) and closed-end home equity loans increased about 7.2% in 2024 compared with 2023, according...
Friday Harbor Taps Chris Simms, Gregory Buehler for Their ‘Deep Domain Knowledge’
Chris Simms has joined Friday Harbor, an AI-powered platform that helps loan officers assemble complete and compliant loan files in real time, as head...
Jon Dovidio: Title Fraud is on the Rise and AI is Playing a Role
PERSON OF THE WEEK: Although by no means a silver bullet, new legislation recently signed by Tennessee Gov. Bill Lee marks another step forward...
New Home Sales Rebounded in June But Indicate Market Weakness
After dropping nearly 14% in May, new home sales eked out an increase in June, rising 0.6% month-over-month to a seasonally-adjusted annual rate of...
Mortgage Rates Basically Flat This Week
Mortgage rates barely budged this week, with the average rate for a 30-year dipping slightly to 6.74%, down from 6.75% last week, according to...
Existing-Home Sales Decreased 2.7 Percent in June
Existing-home sales in June were at a seasonally adjusted annual rate of 3.93 million, a decrease of 2.7% compared with May and flat compared...