MBA: Mortgage Lenders Lost an Average $1,056 Per Loan Originated in 2023
Mortgage lenders lost an average of $1,056 on each loan they originated in 2023, compared to an average loss of $301 per loan in...
Redfin: Flood of Inventory in Parts of Florida, Texas, Resulting in Price Cuts
A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four...
Homebuyer Affordability Declined in March as Rates, Home Prices Increased
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...
Agile Launches Electronic Bidding for the Fourth Month in TBA MBS Market
In a move that marks a significant leap forward in the trading landscape of off-screen securities, Agile, which brings mortgage lenders and broker-dealers onto...
Mortgage Rates Continue to Rise With Average Rate for 30-Year Hitting 7.17 Percent
The average rate for a 30-year fixed-rate mortgage increased to 7.17% as of April 25, up from 7.10% last week and up from 6.43%...
Pending Home Sales Increased in March But Meaningful Gains Won’t Occur Until Rates Fall
Pending home sales increased 3.4% in March compared with February and were up 0.1% compared with March 2023, according to the National Association of...
Truv Now Integrated with BeSmartee
Truv, a provider of income, employment and asset verification solutions, is now integrated with BeSmartee, a provider of point-of-sale (POS) software for mortgage lenders.
The...
Mortgage Applications Fell Last Week as 30-Year Increased to an Average 7.24 Percent
Mortgage application volume decreased 2.7% during the week ended April 19, as the average rate for a 30-year fixed-rate mortgage increased to 7.24%, up...
Informative Research Hires Kurt Raymond as Senior Vice President
Mortgage industry veteran Kurt Raymond, CMB, has joined Informative Research as senior vice president and borrower journey engineer.
Raymond co-founded mortgage industry consulting firm Excelerate Advisors...
New Home Sales Jumped in March Despite Higher Mortgage Rates
New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% compared with February and up 8.3%...
Research Shows Snapdocs Accelerates Loan Production Timeline
Research conducted by STRATMOR Group shows that mortgage lenders using Snapdocs’ e-closing platform are 18 days faster than industry peers across the loan production...
Corporate Settlement Solutions Appoints Ashley Jelinek CEO
Ashley Jelinek is the new CEO of Corporate Settlement Solutions (CSS), a regional provider of residential and commercial real estate settlement solutions.
With the new...
Angel Oak Announces Fourth Securitization for the Year
Angel Oak Capital recently announced its fourth securitization of 2024, bringing its total issuance for the year to approximately $1.4 billion.
The four securitizations have...
Mortgage Bankers Association Taps Alicia Goncalves as Director of Associate Membership
Alicia Goncalves, CMB, has joined the Mortgage Bankers Association (MBA) as director of associate membership.
Before joining MBA, Goncalves served as senior customer success manager...
FormFree Enhances Passport Wallet
FormFree has enhanced its Passport Wallet solution by adding a new user interface that makes it easier for consumers to understand their ability to...
Average Rate for 30-Year Crosses 7 Percent for First Time in 2024
The average rate for a 30-year fixed-rate mortgage increased to 7.10% this week, up from 6.88% last week, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Fell 4.3 Percent in March, Ending Rebound
Existing-home sales plummeted 4.3% in March compared with February, falling to a seasonally adjusted annual rate of 4.19 million, and were down 3.7% compared...
Fannie Mae: Home Prices Increased 1.7 Percent in Q1
Single-family home prices increased 1.7% in the first quarter compared with the second quarter and were up 7.4% compared with the first quarter of...
MBA: Mortgage Applications Increased Last Week Despite Rising Rates
Mortgage application volume increased 3.3% during the week ended April 12, driven mainly by a 5% increase is purchase applications, according to the Mortgage...
MBA: Applications for New Home Purchases Increased 1 Percent in March
Applications for mortgages for new home purchases increased 1% in March compared with February and were up 6.2% compared with March 2023, according to...