Applications for New Home Sales Sank in November But Remained Up Year-Over-Year
Applications for mortgages for new home purchases decreased 12% in November compared with October but were up 21.8% compared with November 2022, according to...
Housing Starts Jumped 14.8 Percent in November, Driven by Lower Mortgage Rates
Housing starts surprised in November, reaching a seasonally adjusted annual rate of 1.56 million, an increase of 14.8% compared with October and up 9.3%...
LenderLogix’s QuickQual Helping Legacy Mutual Mortgage Speed Homebuying Experience
Legacy Mutual Mortgage has selected LenderLogix’s QuickQual tool to provide borrowers with a white-labeled, digitally driven entry point into their homebuying experience.
“Our customer relationships...
Blue Sage Solutions Hires Dee Khullar as Head of Marketing
Dee Khullar has joined Blue Sage Solutions, a provider of technology for the mortgage industry, as head of marketing.
The former ICE Technology marketing director...
STRATMOR Group: Lenders That Ventured ‘Out of the Box’ Did the Best in 2023
A report from mortgage advisory firm STRATMOR Group shows that the mortgage lenders which saw the strongest results in 2023 - one of the...
Redfin: New Listings Increased in November on Lower Mortgage Rates
Falling mortgage rates have breathed new life into the housing market as listings and pending home sales have both increased, Redfin reports.
More homes changed...
Optimal Blue: Rate Lock Volume Fell in November Despite Improving Rate Environment
Despite the improving rate environment, mortgage rate lock volume dropped 10% in November, with purchase locks falling 12%, cash-out refis remaining flat and rate/term...
Newfi Introduces Proprietary Shared Appreciation Mortgage
Newfi Lending has introduced EquityChoice, a proprietary shared appreciation mortgage.
“Newfi has created a groundbreaking new offering that meets homeowner needs for liquidity by combining...
Rate of Critical Defects in Mortgage Loans Continued to Fall in Q2
The rate of critical defects in mortgage loans post-closing continued to decrease in the second quarter, as lenders ramped-up their quality controls, according to...
Study: Fees For Title Insurance, Settlement Services Well Below Those of Other Life-of-Loan Costs
The rise in mortgage fees has been gaining a lot of attention lately but a recent analysis conducted by First American shows that title...
Freddie Mac: Average Rate for 30-Year Mortgage Drops Below 7 Percent
The average rate for a 30-year fixed-rate mortgage fell to 6.95% this week. It was the first time the average rate for a 30-year...
Cloudvirga Expands its Integration With DU to Include Early Assessment
Cloudvirga, a provider of digital mortgage point-of-sale platforms, has expanded its strategic integration with Fannie Mae’s Desktop Underwriter (DU) solution to include the newly...
Argyle’s Borrower Verifications Now Readily Available to Empower LOS Customers
Argyle, which offers automated income and employment verifications, is now integrated with the Exchange, a network of mortgage-specific service providers available to customers of...
Truv Now Integrated with Freddie Mac Loan Product Advisor AIM
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a service provider supporting the...
NAR Forecasts 4.71 Million Existing-Home Sales in 2024, a 13.5 Percent Increase
Existing-home sales will reach 4.71 million in 2024, up from an anticipated 4.1 million in 2023, as mortgage rates decrease, home price appreciation slows...
Mortgage Applications Surged Last Week on Lower Rates
Mortgage application volume jumped 7.4% during the week ended December 8, as the average rate for a 30-year fixed-rate mortgage fell to 7.07%, down...
Zillow: Housing Market Continues to Improve for Buyers
Mortgage rates decreased, home price growth slowed, and housing inventory increased during the past month, leading to improved affordability, according to Zillow’s most recent...
CoreLogic Introduces New Tool to Help Mortgage Stakeholders Navigate Data
CoreLogic has introduced Market Intelligence, a new solution to empower stakeholders in the mortgage industry with the tools they need to navigate the complex...
MBA: Mortgage Credit Tightened in November as Offerings Were Reduced
Mortgage credit availability decreased 1.7% in November compared with October, falling to a score of 96.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
ARIVE Adds Wholesale Non-QM Lender Newfi to its Marketplace
Wholesale non-QM lender Newfi has joined ARIVE’s lender marketplace.
The strategic partnership will empower mortgage brokers with a one-stop shop mortgage experience to a wide...