Mortgage Application Volume Jumped 15.6 Percent Last Week as Rates Edged Down Slightly
Mortgage application volume took one of the largest jumps in over a year last week, increasing an impressive 15.6% on an adjusted basis compared...
FHFA Seeks Public Input on the GSEs’ Underserved Markets Plans
The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac...
Poll: A Majority of Americans Say Government Officials Are Failing to Address Affordability
A majority of Americans agree the U.S. is in a housing affordability crisis and that government officials at all levels aren’t doing enough to...
Zillow Intros Tool to Mitigate Bias in AI-Powered Conversations
Because many AI tools disregard fair housing requirements and, when deployed, can perpetuate bias, Zillow is releasing a Fair Housing Classifier that establishes guardrails to...
Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000
Roughly 1.28 million mortgages secured by residential property (1 to 4 units) were issued during the first quarter, a 6.8% decrease compared with the...
Consumer Sentiment Toward Housing Market Continued to Sour in May
Consumers continued to have a mostly negative view of the housing market in May, with only 14% saying it’s a good time to buy...
Optimal Blue Names Joe Tyrrell CEO
Joe Tyrrell is the new CEO of Optimal Blue, a provider of secondary marketing software.
Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent...
Mortgage Rate Lock Volume Increased 6.78 Percent in May
Mortgage rate lock volume increased 6.78% in May compared with April, according to Mortgage Capital Trading Inc. (MCT), which offers mortgage capital markets technology.
As...
Finastra Named a Preferred Partner by BlackFin
Mortgage consultancy BlackFin has named Finastra, a provider of financial software applications and marketplaces, a preferred partner.
As a preferred partner, Finastra will collaborate closely...
Strong Jobs Report Keeps Inflation Concerns High
The U.S. economy added 272,000 jobs in May - above expectations - but the total number of unemployed increased to 6.6 million, raising the...
Homeowners With Mortgages Continue to See Strong Equity Gains
Due to rising home prices, U.S. homeowners with a mortgage gained an average of $28,000 in equity during the past year, according to CoreLogic.
That’s...
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...