FHFA, CFPB Update Loan Level Data For Public Use
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
Waterstone Mortgage Names Jim Harper Vice President, Accounting and Finance
Jim Harper has joined Waterstone Mortgage as vice president, accounting and finance.
Harper has more than 25 years of experience in the financial services industry,...
CoreLogic: Home Prices Continued to Rise in May But Rate of Appreciation Slowed
U.S. home prices increased 0.6% in May compared with April and were up 4.9% compared with May 2023, according to CoreLogic’s home price index.
It...
Down Payment Resource Expands its Team with Three New Hires
Down Payment Resource is expanding its team to keep pace with a rising number of DPA programs and increasing demand.
To that end, Veronica Chapa has...
Homebuyer Affordability Improved Slightly in May
Homebuyer affordability improved in May, with the national median payment applied for by purchase applicants decreasing to $2,219, down from $2,256 in April, according...
GridBase Launches New Website
GridBase, which offers integration solutions for lenders and title companies, has rolled out a new website that showcases the firm’s capabilities in data middleware,...
MCT Adds New Integrations with Fannie Mae Mission Score API
Mortgage Capital Trading (MCT) has launched new integrations with Fannie Mae's Mission Score application programming interface (API) and Mission Score 2 and 3 product...
Pending Home Sales Fell in May Despite Rising Inventory
Pending home sales decreased 2.1% in May compared with April and were down 6.6% compared with May 2023, as higher mortgage rates continued to...
EquiFi Taps Paul Giangrande to Head Up its Mortgage Division
Mortgage industry veteran Paul Giangrande has joined EquiFi, a provider of shared equity home financing solutions, as corporate executive vice president and president of...
Freddie Mac: Mortgage Rates Decreased for a Third Week
Mortgage rates continued to edge down for a third week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.86%, down from...
Mortgage Applications Up Slightly Last Week as Rates Edged Down
Mortgage application volume increased 0.8% during the week ended June 21, as the average rate for a 30-year, fixed-rate mortgage fell to 7.04%, down...
Xactus Hires Joseph Peterson as Chief Financial Officer
Joseph Peterson has joined Xactus, a provider of verification solutions to the mortgage industry, as chief financial officer.
Peterson has more than 30 years of...
New Home Sales Tanked in May as Mortgage Rates Hovered Around 7 Percent
New home sales in May were at a seasonally adjusted annual rate of 619,000, a decrease of 11.3% compared with April and down 16.5%...
Optimal Blue Helps Lenders Optimize Margins with Competitive Loan Pricing Data
Optimal Blue has introduced Competitive Data License, a collection of key national mortgage pricing data that enables lenders to price products competitively, operate more...
The Amherst Group Taps Paul Nicholson as Deputy Chief Investment Officer
Paul Nicholson has joined The Amherst Group, a real estate investment, development and operating platform specializing in residential assets, as deputy chief investment officer.
Nicholson...
The Mortgage Collaborative: Business Development a Top Concern for Lenders in 2024
When asked to rank-order the most critically important issues facing mortgage lenders today, respondents to The Mortgage Collaborative’s 2024 Pulse of the Network survey...
Home Prices Continued to Rise in April, But Rate of Appreciation is Slowing
Driven by a lack of inventory, U.S. home prices continued to increase in April, rising 0.3% on an adjusted basis compared with March, according...
Home Flipping Increased Slightly in Q1, Average Profit Per Flip Soared to 30 Percent
While home flipping decreased rapidly from the third quarter of 2022 to the fourth quarter of 2023, due to lack of inventory, it saw...
FHFA Grants Conditional Approval for Freddie Mac to Purchase Second Mortgages
The Federal Housing Finance Agency (FHFA) has granted conditional approval for Freddie Mac to purchase certain single-family closed-end second mortgages as a pilot program.
This...