Capital Community Bank Acquires Security Home Mortgage
Capital Community Bank (CCBank), a community bank in Utah, has acquired Security Home Mortgage (SHM), a provider of home mortgage solutions in Utah since...
Patelco Credit Union Selects Empower LOS
Patelco Credit Union is now using the Empower LOS from Dark Matter Technologies to streamline and bolster home loan and home-equity origination.
Patelco is California's...
CubiCasa Launches New Features for its Property Data Mapping
CubiCasa, which offers interior property data mapping through smartphone scanning, has launched new features that extend the company’s products beyond floor plans.
From the same...
CRM Software Provider Usherpa Joins The Mortgage Collaborative as a Preferred Partner
Usherpa, which offers a customer relationship engagement platform (REP), is now a preferred partner with The Mortgage Collaborative (TMC), a mortgage cooperative.
TMC’s growing network...
Dovish Jobs Report Indicates Slowing Labor Market
The U.S. economy added 175,000 jobs in April - lower than expectations - while the unemployment rate increased to 3.9%, according to the U.S....
FHFA: U.S. Home Prices Increased 1.2 Percent in February
U.S. home prices increased 1.2% in February compared with January and were up 7% compared with February 2023, according to the Federal Housing Finance...
MMI Hires Ron Ross as Chief Financial Officer
Ron Ross has joined Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and real estate industries, as chief...
Mortgage Rates Continue to Increase Heading Into Peak Homebuying Season
The average rate for a 30-year fixed-rate mortgage increased to 7.22% this week, up from 7.17% the previous week and up from 6.39% a...
Xactus Names Danielle Walker SVP, Business Development
Danielle Walker has been promoted to senior vice president, business development, at Xactus.
Previously she served as vice president, product development. She also previously served...
ATTOM: Profit Margins on Home Sales Decreased in Q1
Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter – the lowest level observed...
Survey: Many Homeowners Aren’t Aware They Can Use Equity to Pay Down Credit Card...
A survey conducted for FirstClose reveals that homeowners lack awareness regarding how home equity can be used to pay down higher-interest credit card debt.
In...
Truv Now an Authorized Report Supplier for Fannie Mae’s DU Validation Service
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks, and credit unions, is now an authorized report supplier for...
American Heritage Lending Using OptifiNow TPO for its Wholesale Operations
Non-QM lender American Heritage Lending (AHL) is now using the OptifiNow TPO CRM system to improve its sales and marketing capabilities.
The move to the...
MBA: Mortgage Applications Fell 2.3 Percent Last Week as Rates Continued to Rise
Mortgage application volume decreased 2.3% during the week ended April 26, as the average rate for a 30-year, fixed-rate mortgage increased to 7.29%, up...
A Guide For Navigating the Evolving Mortgage Landscape in 2024
In the ever-evolving landscape of mortgage finance, the year 2024 presents both challenges and opportunities that demand astute navigation. Following a period of rising...
U.S. Home Prices Continued to Rise in February, Near All-Time Highs
U.S. home prices continued their upward march in February, rising 0.4% compared with January and up 6.4% compared with February 2023, according to the...
MBA: Mortgage Lenders Lost an Average $1,056 Per Loan Originated in 2023
Mortgage lenders lost an average of $1,056 on each loan they originated in 2023, compared to an average loss of $301 per loan in...
Redfin: Flood of Inventory in Parts of Florida, Texas, Resulting in Price Cuts
A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four...
Homebuyer Affordability Declined in March as Rates, Home Prices Increased
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...
Agile Launches Electronic Bidding for the Fourth Month in TBA MBS Market
In a move that marks a significant leap forward in the trading landscape of off-screen securities, Agile, which brings mortgage lenders and broker-dealers onto...