Mortgage Rates Dipped This Week as Average Rate for 30-Year Hovers at 7 Percent
Mortgage rates dipped this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.99%, down from 7.03% last week, according to...
Mortgage Credit Increased Slightly in April But Remains Near Historic Lows
Mortgage credit availability increased 0.1% in May compared with April, rising to a score of 94.1 on the Mortgage Bankers Association's (MBA) Mortgage Credit...
Starwood Capital Group Hires Matt Smith as a Managing Director
Matt Smith has joined Starwood Capital Group, a global private investment firm with a primary focus on real estate, as managing director, head of...
ICE: U.S. Home Price Growth Cooled in April
U.S. annual home price growth cooled in April, falling to 5.1% - down from a revised 5.7% in March and down from 6.1% in...
Mortgage Applications Fell 5.2 Percent as Average Rate for 30-Year Hovers Above 7 Percent
Mortgage application volume sank 5.2% during the week ended May 31, as the average rate for a 30-year, fixed-rate mortgage increased to 7.07%, up...
LenderLogix FeeChaser Selected by American Pacific Mortgage
American Pacific Mortgage is using LenderLogix' Fee Chaser solution to efficiently and compliantly collect initial mortgage-related fees from borrowers.
The seamless integration of Fee Chaser...
Income and Employment Verifications Provider Truework Now Integrated with Empower LOS
Truework, which offers income and employment verification for mortgage lenders, is now integrated with the Exchange network of mortgage-specific service providers available to customers...
New York Community Bancorp Appoints Joseph M. Otting Chairman
Joseph M. Otting has been appointed to the additional role of executive chairman of the board of New York Community Bancorp, parent company of...
GO Mortgage and PacRes Mortgage Enter Merger Agreement
GO Mortgage, a national mortgage lender headquartered in Columbus, Ohio, and PacRes Mortgage, a national boutique lender operating in the West, have entered a...
Nations Reliable Lending Taps Steven Curtis as Chief Production Officer
Steven Curtis has joined Nations Reliable Lending (NRL Mortgage) as chief production officer.
Curtis has a wealth of expertise and a proven track record. Prior...
MBA: Homebuyer Affordability Continued to Decline in April
Homebuyer affordability continued to erode in April, as the national median mortgage payment applied for by purchase applicants increased to $2,256, up from $2,201...
Depth PR Promotes Johnna Szegda to Vice President
Johnna Szegda has been promoted to vice president at Depth Public Relations, offering B2B marketing, public relations and reputation management services for technology companies...
Dark Matter Paves Easier Path to Assumable Mortgage With Enhancements to Empower LOS
Dark Matter Technologies has enhanced the Loan Assumptions feature in the Empower loan origination system (LOS) to make it easier for mortgage lenders and...
ACES Teams With Digilytics to Give Users Access to Advanced OCR Technology
ACES Quality Management (ACES), which offers enterprise quality management and control software for the financial services industry, is partnering with Digilytics to provide ACES...
Freddie Mac: Mortgage Rates Back on the Rise After Three Weeks of Declines
After decreasing for three consecutive weeks, mortgage rates reversed this week, with the average rate for a 30-year fixed-rate mortgage rising to 7.03%, up...
Pending Home Sales Tumbled 7.7 Percent in April, Dragged Down by Rising Mortgage Rates
Due to rising mortgage rates, pending home sales decreased 7.7% in April compared with March and were down 7.4% compared with April 2023, according...
Secured Signing Adds New Features to its RON Solution
Secured Signing, which offers remote online notarization (RON) solutions, has introduced a suite of new features designed to streamline the online document signing and...
Kind Lending Taps Tammy Richards as Chief Operating Officer
Tamara "Tammy" Richards has joined Kind Lending, a national mortgage lender founded by industry veteran Glenn Stearns, as chief operating officer.
Richards has more than...
FHFA: Home Prices Continued to Rise at a Steady Pace in Q1
U.S. home prices increased 1.1% in the first quarter compared with the fourth quarter and were up 6.6% from the first quarter of 2023,...
MBA: Mortgage Applications Fell on Higher Rates Heading Into Memorial Day Weekend
Mortgage application volume tumbled 5.7% during the week ended May 24, as the average rate for a 30-year fixed-rate mortgage increased to 7.05%, up...