Mortgage Applications Dropped Last Week Despite Dip in Rates
Mortgage application volume dropped 6.6% on an adjusted basis during the week ended February 14, despite a slight decrease in mortgage rates, according to...
Rocket Mortgage Unveils New Program That Provides Closing Cost Credits for Rent Payments
Rocket Mortgage has introduced RocketRentRewards, a new program that provides closing cost credits for renters.
With a Rocket mortgage, homebuyers earn 10% back on the...
Home Builder Sentiment Plummeted in February Over Concerns on Tariffs
Builder confidence in the housing market fell sharply in February over concerns on tariffs, elevated mortgage rates and high housing costs.
As a result, the...
NAHB to Trump: Tariffs on Imported Steel, Aluminum Will Drive Up Construction Costs
President Trump’s executive order imposing 25% tariffs on all imported steel and aluminum products is widely expected to raise residential construction costs, according to...
Rate of Critical Defects in Mortgage Loans Decreased in Q3
The rate of critical defects in mortgage loans post-closing decreased by nearly 17% in the third quarter, ending the quarter at 1.51%, according to...
Active and New Home Listings Increased in January, But Potential Buyers Aren’t Biting
Active listings of homes for sale increased in January to the highest level since early in the pandemic, Redfin reports.
They climbed 0.3% month-over-month on...
MMI Acquires Borrower Monitoring and Predictive Analytics Platform MonitorBase
Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries, has acquired MonitorBase, a borrower...
LoanDepot Adds 10- and 30-Year Terms to its equityFREEDOM Portfolio
LoanDepot has expanded its equityFREEDOM portfolio with 10- and 30-year home equity loan terms.
The expansion means even more homeowners will be able to tap...
Mortgage Rates Edge Down for a Fourth Straight Week
Mortgage rates continued to edge down this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.87%, down from 6.89% last...
More Home Sellers Cutting Prices as Inventory Rises
Nearly 23% of home sellers cut their home's list price in January, according to Zillow.
That’s the highest share of any January since Zillow began...
Optimal Blue: Refinance Activity Surged 20 Percent Year-Over-Year in January
Purchase lock volume increased 16% in January compared with December but was down 6% compared with January 2024, according to Optimal Blue’s latest Market...
Argyle Delivers Fully Embedded VOIE Solution Through Enhanced Integration With nCino
Argyle, which offers income and employment verifications for mortgage lenders, has launched a fully embedded VOIE solution through an enhanced integration with nCino, a...
Informative Research Integrates With Thomas & Company’s Wage and Employment Verification Service
Informative Research, which offers data-driven credit and verification solutions to the lending community, is now integrated with Thomas & Company, a provider of value-added...
Applications for Refinances Increased 10 Percent Last Week on Slight Rate Dip
Mortgage application volume increased 2.3% on an adjusted basis during the week ended February 7, as the average rate for a 30-year fixed-rate mortgage...
NAR: Home Price Growth Picked Up Steam Again in Q4
The national median single-family existing-home price was $410,100 as of the end of the fourth quarter, an increase of 4.8% compared with the fourth...
Planet Home Lending Hires Jason Mac Gloan as SVP, Correspondent Sales
Jason Mac Gloan has joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as senior vice president, correspondent sales.
Mac Gloan has...
Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January, rising 2.5% compared with December to a score of 99.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Texas Led the Way on New Home Construction in 2024
Texas had the most new home construction in 2024, accounting for 15% of housing permits in the U.S., according to a report from Realtor.com.
"The state...
Consumers Had Slightly More Optimistic View of the Housing Market in January
Consumer sentiment toward the housing market increased slightly in January compared with December, driven mainly by an increase in the number of consumers who...
50K Families Achieve Homeownership With CBC Mortgage Agency’s DPA Program
CBC Mortgage Agency (CBCMA), a Native American wholly-owned and federally chartered housing finance agency, reports that it has helped 50,000 families achieve homeownership through its...