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...
The Fay Group Taps Jason Biegel as President of its Capital Markets Group
Jason Biegel recently joined The Fay Group, a family of companies providing products, services and strategies in the mortgage and real estate sectors, as...
Mortgage Bankers Association Taps Matthew Gallant as Director of Member Relations
Matthew Gallant has joined the Mortgage Bankers Association (MBA) as director of member relations.
Gallant has more than 10 years of experience in the mortgage...
Bad News for Homebuyers as U.S. Job Market Stays Strong in January
The U.S. economy added about 143,000 jobs in January, according to the Bureau of Labor Statistics - and while that is less than the...
MCT: Mortgage Lock Volume Was Basically Flat in January
Mortgage lock volume dipped 0.12% in January compared with December, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets technology.
Despite a drop...
Pennymac Launches Full-Service Non-Delegated Solution
Mortgage lender and servicer PennyMac Financial Services has launched NonDel+, its first full-service non-delegated solution, as a part of its Pennymac TPO offerings.
The solution delivers an...
Mortgage Rates Drop for a Third Straight Week as Market Volatility Persists
Mortgage rates fell for a third straight week, with the average rate for a 30-year, fixed-rate mortgage dropping to 6.89%, down from 6.95% last...
Click n’ Close SmartBuy Program Now Features 30-Year, Conventional Option Approved by Freddie Mac
Mortgage lender Click n’ Close reports that its SmartBuy Shared Appreciation Mortgage (SAM) program now features a 30-year, fixed-rate conventional option approved by Freddie...
CoreLogic: Home Prices Flat in December as More Inventory Comes Online
U.S. home prices were basically flat in December compared with November but up 3.4% compared with December 2023, according to CoreLogic’s home price index.
The...
Scott Turner Confirmed as Secretary of U.S. Department of Housing and Urban Development
Scott Turner has been confirmed by the U.S. Senate as the next Secretary of the U.S. Department of Housing and Urban Development (HUD).
Secretary Turner...
Applications for Refinances Increased 12 Percent on a Slight Decrease in Mortgage Rates
Mortgage application volume increased 2.2% during the week ended January 31, with all of the increase coming from an uptick in refinances, according to...
Optimal Blue Introduces AI Assistant Designed for Mortgage Lending Executives
Secondary marketing software firm Optimal Blue has introduced a new AI assistant that uses conversational generative AI to provide easy-to-understand, interactive insights and graphical...
Cornerstone Capital Bank Launches Community Lending Division
Cornerstone Capital Bank, a provider of mortgage origination and servicing solutions and consumer, commercial, and institutional banking services, has launched a Community Lending Division...
SingleSource Hires Daniel Figurski as Chief Appraiser to Lead Expansion of Valuation Services
Daniel Figurski has joined SingleSource Property Solutions, a provider of residential property services, as chief appraiser.
Figurski began his valuation career in 2012 as a...
NAHB Urges Trump to Exempt Tariffs on Home Building Materials
The National Association of Home Builders is urging President Trump to exempt building materials from the proposed tariffs on Canada and Mexico because of...