Mortgage Rates Back on the Rise as Spring Homebuying Season Heats Up
After decreasing the previous two weeks, mortgage rates went back on the rise this week, with the average rate for a 30-year, fixed-rate mortgage...
NAR: Existing-Home Sales Jumped 9.5 Percent Month-Over-Month in February
Existing-home sales were at a seasonally adjusted annual rate of 4.38 million in February, an increase of 9.5% compared with January but down 3.3%...
MBA: Mortgage Applications Dipped Last Week as Rates Edged Up
Mortgage application volume dipped 1.6% during the week ended March 15, as the average rate for a 30-year fixed-rate mortgage increased to 6.97%, up...
Freddie Mac Appoints Michael T. Hutchins as Interim CEO
Michael T. Hutchins will serve as the interim CEO for Freddie Mac as the company continues its search for a permanent CEO.
Hutchins also will...
Fifth Third Bank Moving to ICE’s Encompass and MSP Core Systems
Fifth Third Bank is moving its origination and servicing operations to the end-to-end mortgage technology ecosystem from Intercontinental Exchange, Inc. (ICE).Using the Encompass and...
Housing Starts Surged 10.7 Percent in February as Builder Sentiment Brightened
Housing starts surged to a seasonally adjusted annual rate of 1.521 million in February, an increase of 10.7% compared with January and an increase...
MBA: Applications for New Home Purchases Increased in February
Applications for mortgages for new home purchases increased 1% in February compared with January and were up 15.7% compared with February 2023, according to...
Mortgage Bankers Association Selects Madisyn Rhone as VP of Legislative Affairs
Madisyn Rhone has joined the the Mortgage Bankers Association (MBA) as vice president of legislative affairs.
Prior to joining MBA, Rhone held ascending roles since...
MBA: Market Conditions Were ‘About as Challenging as it Could Get’ for Mortgage Lenders...
Mortgage lenders saw a pre-tax net loss of $2,109 on each loan they originated in the fourth quarter, up from $1,015 per loan in...
Embrace Home Loans Opens Two New Locations in Rhode Island
Embrace Home Loans recently opened two new offices in East Greenwich and East Providence, Rhode Island.
Mike Raffa is the branch manager for the East...
Click n’ Close Launches New Program to Address Home Buyer Challenges in Rural America
Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, has launched a new product is designed...
Survey Reveals Young Prospective Homebuyers are Mostly Undeterred by Higher Mortgage Rates
Despite higher mortgage rates and rising home prices, 63% of Gen Z’ers and 59% of millennials says they plan to purchase a home this...
Mortgage Rates Fell For a Second Week But Are Likely to Stay Elevated For...
Mortgage rates decreased for a second week as the average rate for a 30-year fixed-rate mortgage fell to 6.74%, down from 6.88% last week,...
First American Projects Existing-Home Sales Increased 1.4 Percent in February
First American is projecting that existing-home sales increased 1.4% percent in February compared withe January, rising to seasonally adjusted annual rate of 4.05 million.
Year-over-year,...
Mortgage Applications Jumped Last Week as Average Rate for 30-Year Dipped Below 7 Percent
Mortgage application volume increased 7.1% during the week ended March 8, as the average rate for a 30-year, fixed-rate mortgage fell to 6.84%, down...
BlackFin Group Adds Verification Solutions Provider Argyle as Preferred Partner
Mortgage technology consultancy BlackFin Group has added verification solutions provider Argyle to its Preferred Partners program.
Vetted by an independent team of industry experts with...
Americans Were Slightly More Optimistic About the Housing Market in February
American consumers expressed increased optimism around home-selling conditions in the latest Fannie Mae Home Purchase Sentiment Index.
In February, 65% of consumers said it’s a...
Cloudvirga Expands its Integration with Informative Research’s Verification Platform
Through an expanded integration, originators on Cloudvirga’s Horizon Platform and Horizon TPO can now access Informative Research’s verification of employment (VOE) and verification of...
Optimal Blue: Lock Volume Increased 5 Percent in February, Driven by Surge in Purchase...
Mortgage lock volume increased 5% in February compared with January due to an 8.3% increase in purchase activity during the month, according to Optimal...
HUD Secretary Marcia Fudge to Retire Later This Month
Marcia Fudge, secretary of the U.S. Department of Housing and Urban Development, has announced that she will step down from her post later this...