Option for Shared Appreciation Now Included with Click n’ Close DPA Mortgage Product Suite
Multi-state wholesale and correspondent mortgage lender Click n’ Close has expanded its suite of down payment assistance (DPA) loan products to include a shared...
LenderLogix Data Shows Increase in Home Buying Activity in Q1
LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, has released its first-quarter Homebuyer Intelligence...
DataTrace Expands Depth of Title Plants in Eight Florida Counties
DataTrace, a provider of data and automation solutions to the title and settlement services industry, has expanded the historic depth of title plants in...
Redfin: More Than Two-Thirds of Renters Think They’ll Never Own a Home
More than two thirds of renters (38%) in the U.S. say they’ll never own a home due to lack of affordability, a recent survey...
Ginnie Mae Now Includes Pool Level Data in HMBS Program
Ginnie Mae has further expanded its low-to-moderate income (LMI) disclosure initiative to include pool-level data for its home equity conversion mortgage (HECM) mortgage-backed securities...
Average Rate for 30-Year Mortgage Re-Approaching 7 Percent
The average rate for a 30-year fixed rate mortgage jumped this week to 6.88%, up from 6.82% last week and up from 6.27% one...
First American: Housing Market Currently Being Driven by the ‘Five Ds’
Existing-home sales in this current market are mostly being driven by the “Five Ds” - death, divorce, diplomas, downsizing, and diapers - according to...
Rocket Mortgage Reports Huge Efficiency Gains Using AI-Driven Underwriting
Rocket Mortgage has rolled out an artificial intelligence (AI)-driven technology platform designed to make homeownership simpler and quicker.
The new platform makes the mortgage process...
Floify, Total Expert Enable Lenders to Send Pre-Populated Applications to Borrowers
Floify, a point of sale solution for mortgage lenders, says it now pre-populates loan applications for borrowers using data on file in Total Expert.
The...
Mortgage Applications Basically Flat as Average Rate for 30-Year Rises Back to 7 Percent
Mortgage application volume inched up 0.1% on an adjusted basis during the week ended April 5, as the average rate for a 30-year mortgage...
Optimal Blue Promotes Rick Allen to Chief Operating Officer
Rick Allen has been promoted to chief operating officer (COO) at Optimal Blue, a provider a secondary marketing software.
Allen most recently served as chief...
Mortgage Credit Availability Increased in March, Driven by Growth in Conventional Credit
Mortgage credit availability increased 1.1% in March compared with April, rising to a score of 93.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
MCT: Mortgage Rate Lock Volume Increased 15 Percent Heading Into Home Buying Season
Mortgage rate lock volume increased 15.36% during March, according to Mortgage Capital Trading (MCT), a provider of mortgage capital markets technology.
The increase comes despite...
Fannie Mae: Consumers are ‘Adjusting Their Expectations for the Housing Market’
The percentage of U.S. consumers who say it is a good time to buy a home increased to 21% in March, up from 19%...
Optimal Blue: Average Homebuyer Credit Score Hit 737 in March
The average homebuyer credit score reached 737 in March, according to Optimal Blue's Originations Market Monitor report.
That’s an all-time high for the report, which...
ACES: Mortgage Defect Rate Continued to Fall in Q3
The rate of defects in mortgages post-closing fell to 1.67% in the third quarter of 2023, according to ACES’ Q3 2023 Mortgage QC Trends...
Another Stellar Jobs Report Fuels the Fed’s Reluctance to Cut Rates
Roughly 303,000 jobs were added to the U.S. economy in March - above expectations and far higher than the average monthly gain of 231,000...
The National Average Property Tax Rate Increased Nearly 7 Percent in 2023
Roughly $363.3 billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% from $339.8 billion in 2022, according to ATTOM.
The...
Mortgage Rates Inched Up Slightly This Week With 30-Year Still Hovering Around 6.80 Percent
Mortgage rates continued to hold steady this week, with the average rate for a 30-year fixed-rate mortgage rising slightly to 6.82%, up from 6.79%...
Informative Research Integrates Veri-Tax with its Platform
Informative Research, a provider of borrower verification solutions and data, has integrated Veri-Tax, a provider of income and employment verifications, with its platform, thus...