Mortgage Applications Increased 3 Percent Last Week as Rates Continued to Fall
In response to falling mortgage rates, mortgage application volume jumped 3.0% during the week ended November 17, according to the Mortgage Bankers Association’s (MBA)...
ATTOM Announces New Board Chairman and Two Key Promotions
Ana Flor has been promoted to chief people officer while Kara Taylor has been promoted to chief marketing officer at ATTOM, a curator of...
Home Prices Continue to Rise, With Some Luxury Markets Seeing Strong Increases
U.S. home prices increased 0.4% in October compared with November and were up 7% compared with October 2022, according to First American’s most recent...
Zillow: More Young Homebuyers Open to Renting a Portion of Their Home
More than half of young home buyers would consider renting out all or a portion of their home to produce additional income, a new...
New Motto Mortgage Professionals Brokerage Opens in Supply, N.C.
Motto Mortgage has announced the opening of a new Motto Mortgage Professionals location in Holden Beach in Supply, N.C.
James Barmore will serve as senior...
Treliant Taps Laura Huntley as a Managing Director
Laura Huntley has joined Treliant, a consultancy serving mortgage originators and servicers, as a managing director in the firm’s regulatory compliance, mortgage and operations...
Federal Home Loan Bank of New York Elects Larry E. Thompson as Chairman
Larry E. Thompson has been elected chairman of the Federal Home Loan Bank of New York for a two-year term that will commence on...
CUSO Home Lending’s Owner Credit Unions Using Dark Matter Empower LOS
CUSO Home Lending is making Dark Matter’s Empower LOS available to its credit union owners.
Headquartered in Hampden, Maine, CUSO Home Lending is a credit...
Mortgage Rates Drop as Inflationary Pressures Recede
Mortgage rates trended down for a third straight week, with the average rate for a 30-year, fixed-rate falling to 7.44%, down from last week...
MBA: Applications for New Home Sales Surged 6 Percent in October
Applications for mortgages for new home purchases surged in October, due mainly to a slight drop in mortgage interest rates that came at the...
Home Sales Will Drop 18 Percent This Year, NAR Forecasts
U.S. home sales will decrease 18% this year, due mainly to higher mortgage rates, limited inventory and high home prices, the National Association of...
DocMagic Integrates With Vesta LOS to Deliver Automated Document Generation
DocMagic, a provider of compliant loan document generation, automated regulatory compliance and eMortgage services, and Vesta, a new mortgage loan origination system (LOS) and...
MBA: Mortgage Applications Rise For a Second Straight Week
Mortgage application volume increased for a second straight week, rising 2.8% during the week ended Nov. 10, as mortgage rates continued to dip, according...
Old Republic Sells it MI Business to Arch Capital Group
Old Republic International Corp. has entered into a definitive agreement to sell its mortgage insurance business to Arch Capital Group Ltd.
In this transaction, Arch...
Retirements Usher in Leadership Changes at Fannie Mae
David C. Benson, president of Fannie Mae, and Jeffery Hayward, chief administrative officer, have announced their retirements, leading to leadership changes at the government-sponsored...
MMI Promotes Brian McKray to VP of Product
Brian McKray has been promoted to vice president of product at Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the...
Mortgage Credit Increased in October, Driven by Spike in Credit for Jumbo Loans
Mortgage credit availability increased 1% in October compared with September, driven mainly by an increase in credit availability for jumbo loans, according to the...
Infosys Teams with Better to Deliver White-Labelled Mortgage-as-a-Service Solution
Infosys, offering next-generation digital services and consulting, is teaming Better Home & Finance Holding Co., a digital-first homeownership company, to launch Mortgage as a...
Homestead Road, Granite Mortgage Team to Simplify the Home-Buying Process
Homestead Road, a tech-enabled company specializing in purchasing single-family residential properties, and mortgage financing expert Granite Mortgage are partnering to simplify and enhance the...
Home Equity Down Slightly in Third Quarter But Remains Strong Overall
About 47.4% of mortgaged residential properties in the U.S. were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan...