Mortgage Machine Now Integrated with Vice Capital Markets
Mortgage hedge advisory firm Vice Capital Markets has completed its integration with Mortgage Machine, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate...
Mortgage Rates Flat This Week, With 30-Year at Around 6.46 Percent
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage hovering around 6.46%, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Increased in July but Remain ‘Sluggish’
After decreasing for four consecutive months, existing-home sales finally turned the corner and grew 1.3% in July compared with June to a seasonally adjusted...
U.S. Home Prices Increased 0.3 Percent in July But Have Turned Negative in Certain...
Home prices increased 0.3% nationally in July compared with June and were up 5.3% compared with July 2023, according to First American’s home price...
Mortgage Applications Stabilize Following Market Volatility
Mortgage application volume dropped 10.1% during the week ended August 16, despite mortgage rates dipping slightly lower, according to the Mortgage Bankers Association’s (MBA)...
Mortgage Originations Finally Turn a Profit Again
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the...
Applications for New Home Purchases Jump 9 Percent in July After Sinking in June
Applications for mortgages for new home purchases increased 9% in July compared the June and were up 9.4% compared with July 2023, according to...
Housing Starts Slipped in July as Higher Mortgage Rates Continued to Sap Demand
Housing starts slumped 6.8% in July compared with June and were down 16.0% compared with July 2023, according to the U.S. Census Bureau and...
Mortgage Rates Basically Flat This Week with 30-Year Hovering Around 6.5 Percent
Mortgage rates held steady this week, with the average rate for a 30-year, fixed-rate mortgage at 6.49%, up slightly from 6.47% last week, according...
Mortgage Machine Enhances AI-Powered Document Management System Embedded in LOS
Mortgage Machine Services, offering digital origination technology to residential mortgage lenders, has launched Auto Split, an enhancement to the Click n' File document management...
Voxtur Analytics Appoints Ryan Marshall CEO
Ryan Marshall is the new CEO for Voxtur Analytics, which offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout...
Haley Parker, Brittny Hovland Promoted at Fairway Independent Mortgage
Haley Parker has been elevated to the new position of chief marketing and business development officer while Brittny Hovland is being promoted to the...
Certain Assets of Axia Home Loans Acquired by Planet Home Lending
Planet Home Lending, a national mortgage lender and servicer, has acquired certain assets of retail lender Axia Home Loans, Bellevue, Wash., an employee-owned company with...
Waterstone Mortgage Relocates Home Office to Brookfield, Wis.
Waterstone Mortgage has relocated its home office to Brookfield, Wis.
Previously located in Pewaukee, Wis., the move comes as part of the lender’s initiative to...
Mortgage Applications Jump as Rates Decrease
Mortgage application volume surged 16.8% last week as mortgage rates tumbled, with most of the increase coming from refinances, according to the Mortgage Bankers...
Motto Mortgage Opens New Location in Michigan
Motto Mortgage reports that it has opened a new franchise location in Marquette, Mich.
Motto Mortgage Express is now open and serving all markets throughout...
Home Builders Saw Credit Tighten in Q2
Home builders experienced tightening credit in the second quarter, according to the National Association of Home Builders (NAHB).
About 85% of respondents to a survey...
Home Sales Prices Increased in Fewer Markets in Q2
Single-family existing-home sales prices increased in 89% of U.S. metro areas in the second quarter, down from 93% in the first quarter, according to...
Freddie Mac Single-Family CRT Program Marks Milestone
Freddie Mac reports that its Single-Family Credit Risk Transfer (CRT) Program has closed its 100th ACIS (Agency Credit Insurance Structure) transaction.
Since the first transaction...
Total Value of U.S. Housing Stock Has Reached Record $49.6 Trillion
The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a report...