Dark Matter Migrates its IT Infrastructure to AWS
Mortgage software firm Dark Matter Technologies reports that it has migrated its IT infrastructure to Amazon Web Services (AWS).
The strategic move enhances Dark Matter’s...
Housing Starts Jumped 11.2 Percent in February But Homebuilder Sentiment Remains Low
Housing starts took a significant jump in February, surging 11.2% on an unadjusted basis compared with January to reach an annual rate 1.501 million,...
Open API Portal Launched by Verifications Solutions Provider Xactus
Xactus, which offers verification solutions for the mortgage industry, has launched an open API portal, allowing partners to easily access integration rules which enable...
MBA: Mortgage Lenders Took a Loss of About $40 Per Loan in the Fourth...
Mortgage lenders took a loss of about $40 on each loan they originated in the fourth quarter - down from a net gain of...
William Pulte Confirmed as the New Director of FHFA
William Pulte has been confirmed as the new director of the Federal Housing Finance Agency, regulator of government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
Applications for New Home Purchases Up Slightly in February But Down Year-Over-Year
Applications for mortgages for new home purchases increased 0.3% in February compared with January but were down 6.9% compared with February 2024, according to...
Mortgage Rates Basically Flat This Week, Despite Market Volatility
After decreasing for seven consecutive weeks, mortgage rates remained basically flat this week, with the average rate for a 30-year, fixed-rate mortgage at 6.65%,...
Redfin: Median Homeowner Tenure in Los Angeles Area Hit 19.4 Years in 2024
Median homeownership tenure nationwide was around 11.8 years in 2024, according to a recent report from Redfin.
That's flat compared with 2023 and down from...
Credit Reporting and Verification Solutions Provider Service 1st Hires Four Industry Veterans
Elaine Edginton recently joined Service 1st, a provider of credit reporting and borrower verification solutions, as vice president of operations, while Tom Moser recently...
Veros Launches New Third-Party Tested AVM Cascade
Valuations technology firm Veros has launched an optimized independent third-party tested AVM cascade called ValuStream.
The new solution ensures reliability and performance with independent, third-party...
MCT: Mortgage Lock Volume Increased 28 Percent Heading into Spring Season
Mortgage Capital Trading reports that it witnessed a 28% increase in mortgage lock volume across its trading platform software in February compared with January.
In...
Vice Capital Markets Integrates Fannie Mae’s Loan Pricing API Into its Trading Portal
As liquidity challenges, shifting investor appetites and evolving pricing strategies continue to dominate mortgage capital markets, efficiency in loan pricing and execution has never...
Private Lending in 2025: Liquidity Risks, DSCR Loan Growth, and the Future of Non-QM...
Investor activity is playing a crucial role in the housing market, with private lenders increasingly stepping in to provide financing where traditional banks have...
Purchase Applications Increased 7 Percent as Spring Homebuying Season Gets Underway
Mortgage application volume jumped 11.2% during the week ended March 7, as the average rate for a 30-year fixed-rate mortgage fell to 6.67%, down...
OptimalBlue: Slightly Lower Mortgage Rates in February Yielded a Surge in Refinance Lock Volume
Mortgage lock volume increased 7% in February compared with January, driven primarily by a surge in refinance activity, according to Optimal Blue's Market Advantage...
Mortgage Credit Availability Increased in February to Highest Level Since March 2023
Mortgage credit availability increased 1.4% in February compared with January, rising to a score of 100.4 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Floify’s Dynamic Apps Lets Mortgage Lenders Tailor Applications by Loan Type
Floify, which offers a point-of-sale (POS) solution for the mortgage industry, recent introduced Dynamic Apps, a no-code feature that lets lenders tailor loan applications...
Rocket Companies to Acquire Redfin in All-Stock Transaction
Rocket Companies, which includes Rocket Mortgage, has announced its intention to acquire residential real estate platform Redfin in an all-stock transaction.
The merger, if approved,...
X5 Home Loans Now Offering Calque’s ‘Buy Before You Sell’ Loan Products
New Hampshire-based X5 Home Loans is the latest mortgage lender to offer Calque’s “Buy Before You Sell” loan products, including the Trade-In Mortgage.
The independent...
Consumers Less Confident That Mortgage Rates Will Fall Over the Next Year
Consumer confidence in the housing market fell 1.8 points in February to a score of 71.6 on Fannie Mae’s Home Purchase Sentiment Index (HSPI),...