Floify Launches New Lending Platform for Mortgage Brokers
Floify, which offers a point-of-sale (POS) system designed for the mortgage lending industry, has launched Floify Broker Edition, a one-stop lending platform for mortgage...
Cornerstone Home Lending Hires Neil Merritt as SVP
Neil Merritt has joined Cornerstone Home Lending as senior vice president of product strategy and development.
Merritt has built a distinguished 21-year career in the...
First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets
Jeff Pancer has been tapped to fill the new position of executive vice president, capital markets, at First Community Mortgage (FCM).
With a distinguished career...
MISMO Publishes New E-Vault Standards and SMART Doc Validation Rules Documents
MISMO, the real estate finance industry's standards organization, has published new e-vault standards and SMART Doc validation rules documents, which were created to help...
Homebuyer Affordability Continued to Erode in October
The national median mortgage payment was $2,199 in October, an increase of $44, or 1.2%, from September and up $143, or 9.3%, from October...
Mortgage Rates Decrease for a Fifth Straight Week
The average rate for a 30-year fixed-rate mortgage fell to 7.22% this week, down from 7.29% the previous week but up from 6.49% a...
Pending Home Sales Fell in October as Mortgage Rates Nearly Hit 8 Percent
Pending home sales decreased 1.5% in October compared with September and were down 8.5% compared with October 2022, according to the National Association of...
Conference of State Bank Supervisors Appoints Brandon Milhorn President and CEO
Brandon Milhorn is the next president and CEO of the the Conference of State Bank Supervisors’ board of directors.
The Conference of State Bank Supervisors...
FHA Raises Loan Limits for 2024, Reflecting the Rise in Home Prices
The Federal Housing Administration (FHA) has set its loan limits for 2024.
Starting January 1, the FHA floor will increase from $472,030 to $498,257 for...
The Mortgage Collaborative Adds Four New Board Members for 2024
The Mortgage Collaborative (TMC), an independent cooperative network serving the mortgage industry, has added four mortgage professionals to its 2024 management board of directors.
The...
Publix Employees Federal Credit Union Now Using Dark Matter Technologies
Lakeland, Fla.-based Publix Employees Federal Credit Union (PEFCU) is now using Dark Matter Technologies’ mortgage lending software to streamline its lending operations and maximize...
MBA: Mortgage Applications Inched Up Slightly Last Week
Mortgage application volume inched up 0.3% during the week ended November 24, as the average rate for a 30-year, fixed-rate mortgage decreased to 7.37%,...
First American: Housing Affordability Challenges Likely to Continue Through 2024
The labor market will likely weaken, leading to slower wage growth in 2024 and exacerbating the housing market’s affordability problem, according to a recent...
Encompass Lending Group Using LenderLogix to Deliver Digital-First Borrower Experience
Encompass Lending Group, a wholly owned subsidiary of Fathom Holdings Inc., has selected the LenderLogix LiteSpeed point-of-sale (POS) platform and QuickQual, a loan origination...
FHFA Sets New Loan Limits For 2024
Come January 1, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and...
Mortgage Bankers Association Names Rachel Kelley VP of Legislative Affairs
Rachel Kelley has been named vice president of legislative affairs for the Mortgage Bankers Association (MBA).
Kelley joined MBA in 2021 as associate vice president...
Case-Shiller: Lack of Inventory Continued to Push Home Prices Higher in September
U.S. home prices continued to increase in September - albeit at a slower pace - rising 0.7% compared with August and up 3.9% compared...
Floify Taps Courtney Dodd as Head of Marketing
Courtney Dodd has joined Floify, which offers a point-of-sale solution for the mortgage industry, as head of marketing.
With 12 years of experience in the...
New Home Sales Decreased 5.6 Percent in October
After surging more than 12% month over month in September, sales of new single‐family homes dropped 5.6% in October to a seasonally adjusted annual...
Study Shows Which States Have the Most Affordable Mortgage Payments
A new study reveals the states where homeowners spend the smallest portion of their income on home payments throughout the U.S.
The research by SelfStorage.com...