Applications Decreased Last Week as 30-Year Continues to Hover Around 7 Percent
Mortgage application volume dipped 0.2% during the week ended July 5, as the average rate for a 30-year, fixed-rate mortgage decreased slightly to 7%,...
Chevron FCU Improves Borrower Experience with Blue Sage Digital Lending Platform
Chevron Federal Credit Union is now using the Blue Sage Digital Lending Platform to deliver a better borrower experience.
With Blue Sage’s LOS and LION...
First American: Affordability Crunch Likely to Last Through 2024
The affordability crunch plaguing home buyers is likely to persist through the end of 2024, First American says in its latest Real House Price...
ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5...
While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing...
Guaranteed Rate Rebrands to Just ‘Rate’ as it Expands Products and Services
Guaranteed Rate is undergoing a major rebranding to reflect the company's commitment to innovation in the fintech and mortgage industries.
The company is dropping the...
Informative Research Taps Brandon Hall as EVP of Operations
Brandon Hall has joined Informative Research, a provider of data-driven solutions to the lending community, as executive vice president (EVP) of operations.
Hall has more than...
Business Intelligence and Mortgage CRM Provider Aidium Launches 24/7 Customer Support
Aidium, which offers a business intelligence and mortgage CRM platform, has launched its 24/7 customer support service, ensuring mortgage professionals have access to real-time...
Consumer Sentiment Toward Housing Market Crawled Up Slightly in June
Consumer sentiment toward the housing market improved slightly in June but remained historically low as higher mortgage rates and soaring home prices continued to...
Candor Technology Hires Eric Rawlings as CTO
Eric Rawlings has joined Candor Technology, a provider of AI-driven loan underwriting and quality control solutions for mortgage lenders, as chief technology officer.
Rawlings has...
ATTOM: Homeownership Became Less Affordable in Q2
Major homeownership expenses - including mortgage payments, property taxes and insurance - now consume about 35% of the average wage nationwide, according to ATTOM’s...
Fannie Mae Transfers Risk on $8.2 Billion of Single-Family Loans
Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans.
The Credit Insurance Risk Transfer (CIRT)...
Alex Rayner Partners with Service First Mortgage to Launch Haymaker Home Loans
Alex Rayner, a top-producing loan officer, has announced a strategic partnership with Service First Mortgage to create Haymaker Home Loans, a next-generation mortgage company...
U.S. Job Market Cooled in June
About 206,000 jobs were added to the U.S. economy in June but it wasn’t enough to keep the unemployment rate from rising to 4.1%,...
Mortgage Rates Back Up
Mortgage rates went back on the rise this week, with the average rate for a 30-year fixed-rate mortgage increasing to 6.95%, up from 6.86%...
Mortgage Applications Fell Last Week as Rates Went Back on the Rise
Mortgage application volume decreased 2.6% during the week ended June 28, as the average rate for a 30-year, fixed-rate mortgage increased to 7.03%, up...
Union Home Mortgage’s DPA Program Hits $1 Million Milestone
Union Home Mortgage (UHM), an independent mortgage banking company, reports that it has provided more than $1 million of support to low-to-moderate income first-time...
FHFA, CFPB Update Loan Level Data For Public Use
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
Waterstone Mortgage Names Jim Harper Vice President, Accounting and Finance
Jim Harper has joined Waterstone Mortgage as vice president, accounting and finance.
Harper has more than 25 years of experience in the financial services industry,...
CoreLogic: Home Prices Continued to Rise in May But Rate of Appreciation Slowed
U.S. home prices increased 0.6% in May compared with April and were up 4.9% compared with May 2023, according to CoreLogic’s home price index.
It...