MBA: Mortgage Applications Surged Last Week as Rates Fell
Mortgage application volume surged 10.4% last week, as the average rate for a 30-year fixed-rate mortgage fell to 6.75%, down from 6.81%, according to...
Five Tips to Help Mortgage Lenders Prepare For a Lower Interest Rate Environment
In a rising interest rate environment, mortgage applications have reached their lowest point in years, putting pressure on financial institutions, like community banks and...
Zillow Survey Shows More Homeowners Willing to Sell as Rates Fall
Twenty-one percent of homeowners were considering selling as of the fourth quarter, up from 15% in the fourth quarter of 2022, according to a...
Drop in Rates Caused Rate/Term Refi Volume to Surge in December
Refinance volume increased 43% in December compared with November due largely to a material uptick in VA Interest Rate Reduction Refinance Loans (IRRRLs) that...
Optimal Blue Native Mobile App for Android and iOS Gives Loan Officers ‘Pricing in...
Optimal Blue has released a native mobile app for Android and iOS for its product and pricing engine (PPE).
In addition, the company has announced...
Experian Verify Now Integrated With Dark Matter Technologies
Experian’s income and employment verification solution is now integrated with Dark Matter Technologies’ mortgage origination platform.
“This integration with Dark Matter allows us to alleviate...
Redfin: Share of Homeowners With Mortgage Rates Below 6 Percent Falls to 88 Percent
The share of homeowners with mortgage rates below 6% is currently around 88.5%, according to Redfin.
That’s down from a record high of 92.8% in...
Mr. Cooper Group Hires Mike Weinbach as President
Mike Weinbach has joined Mr. Cooper Group as president.
Weinbach has more than 25 years' experience in the financial services industry. He has a track...
Mortgage Rates Basically Flat For the Past Three Weeks
The average rate for a 30-year fixed-rate mortgage increased to 6.66% this week, up from 6.62% last week, according to Freddie Mac’s Primary Mortgage...
Radian Group Makes Strategic Investment in FinLocker
Radian Group Inc. has made a strategic investment in FinLocker, a personal financial fitness and homeownership tool.
Terms of the investment were not disclosed.
By leveraging...
Zillow: Home Buyers Flocked to More Affordable Markets in 2023
As would be expected, given higher mortgage rates and high home prices, home buyers flocked to more affordable housing markets in 2023, a Zillow...
Survey: 96 Percent of Millennials Say High Rates Have Affected Their Home-Buying Plans
In a report from Real Estate Witch, 96% of millennials say high mortgage interest rates have affected their home-buying plans, and 70% say inflation...
Enterprise Community Partners Names Downes President of Housing Credit Investments Business
Kari Downes has been named president of Enterprise Community Partners’ housing credit investments business, among the nation’s top low-income housing tax credit syndicators.
Downes, who...
Despite Higher Rates, Mortgage Applications Surged to Start 2024
Mortgage application volume surged 9.9% during the week ended January 5, despite an increase in mortgage rates, according to the Mortgage Bankers Association’s (MBA)...
House Flipping Continued to Slow in Q3 But Profits Increased
What were the hottest markets for house flipping in the third quarter of 2023?
According to ATTOM’s Q3 2023 U.S. Home Flipping Report, Akron, Ohio;...
Consolidation Results in Mortgage Credit Availability Falling to Lowest Level Since 2012
Mortgage credit availability decreased in December, falling 4.6% compared with November to a score of 92.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
CoreLogic: Home Prices Increased 0.2 Percent in November
U.S. home prices increased 0.2% in November compared with October and were up 5.2% compared with November 2022, according to CoreLogic.
Cities that saw the...
LoanDepot Hit With Cyber Incident
LoanDepot reports that it is experiencing a cyber incident and is “working diligently to restore normal business operations as quickly as possible.”
On a dedicated...
Redfin: Home Affordability Improved in December, Due to Falling Mortgage Rates
The median U.S. housing payment is down nearly $400 from its October peak, enticing some sidelined buyers to get back in the game, according...
Rocket Companies Hire Jonathan Mildenhall as CMO
Jonathan Mildenhall is the new chief marketing officer (CMO) for Rocket Companies.
Mildenhall has more than 30 years of experience building and promoting large, brand-focused...