iEmergent Downwardly Revises its Forecast After Weak Purchase Volume in 2024
Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two...
Applications for Refinances Surged 20 Percent Last Week as Mortgage Rates Continued to Fall
Mortgage application volume surged 11% during the week ended September 20, driven by a decrease in mortgage rates, according to the Mortgage Bankers Association’s...
How AI Can Help Solve the Mortgage Industry’s Cyclical ‘Problem’
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage...
Xactus Adds New Service to Employment Verification Waterfall
Xactus, a provider of verification solutions to the mortgage industry, has added Thomas & Company’s Wage and Employment Verification service to its employment verification...
Median Monthly Housing Payment Falls as Mortgage Rates Dip
The median U.S. housing payment fell to $2,534 during the four weeks ended September 15, down 2.7% from a year earlier, according to Redfin.
The...
LoanDepot Hires Bryan Bergjans as National Director of Military Growth and Strategy
U.S. Navy veteran and VA lending expert Bryan Bergjans has joined loanDepot as national director of military growth and strategy.
Bergjans, a highly respected national...
Dark Matter Adds Second LOS Tailored for Smaller Lenders
Dark Matter Technologies has added a new loan origination system to its lineup: The NOVA LOS.
The NOVA LOS provides a reliable, cost-effective solution with...
Xactus Selected for Launch of ACUMA Services
Xactus, a provider of verification solutions to the mortgage industry, reports that it has been named the exclusive credit reporting, verification and flood provider...
Home Price Appreciation Slowed for an Eighth Consecutive Month in August
U.S. home prices increased a mere 0.1% in August compared with July and were up 4.5% compared with August 2023, according to First American’s...
Rice Park Capital Closes Ventures Fund II, to Invest in Mortgage Technology Companies
Private investment firm Rice Park Capital Management reports that its strategic equity investing team has closed RPC Ventures Fund II LP.
The committed capital allows...
Freddie Mac: Mortgage Rates Drop for a Fourth Week
Mortgage rates continued to fall this week, with the average rate for a 30-year fixed-rate mortgage (FRM) dropping to 6.09%, down from 6.2% last...
Existing-Home Sales Fell Again in August, Despite Declining Mortgage Rates
Despite a decrease in mortgage rates, existing-home sales fell 2.5% in August compared with July to a seasonally adjusted annual rate of 3.86 million,...
OceanFirst Bank to Settle DOJ Allegations it Engaged in Redlining Practices
OceanFirst Bank will pay $15 million to settle allegations brought by HUD and the DOJ that it engaged in redlining practices by restricting access...
Existing-Home Sales Will Not See Meaningful Growth for the Remainder of 2024
Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick...
Fed Cuts Rates for First Time Since the Start of the Pandemic
Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds...
Housing Starts Jumped in August as Builders Reacted to Lower Rates and Rising Demand
Housing starts in August were at a seasonally adjusted annual rate of 1.356 million, an increase of 9.6% compared with July and an increase...
Mortgage Activity Sees a Notable Boost
Data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 13 show that the number of mortgage applications increased...
Home Builder Sentiment Buoyed by Dip in Rates
Home builder sentiment increased for the first time in four months in September, buoyed by a dip mortgage rates, as per the National Association...
Optimal Blue Adding New AI-Driven Capabilities Across its Platform
Optimal Blue is adding new features to its platform including side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a...
Title Clearing & Escrow Announces Two New Hires
Zach Hines has joined Title Clearing & Escrow, a provider of title insurance and escrow settlement services for the real estate industry, as senior...