LenderLogix Taps Ben Head as Account Executive
Ben Head has joined LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, as an...
Chris Mock: Leveraging Data-Driven Strategies to Navigate the New Lending Landscape
PERSON OF THE WEEK: Since the pandemic, the mortgage industry has transitioned from a refinancing boom to a market characterized by elevated interest rates....
Freddie Mac: Mortgage Rates Dip to Lowest Level Since February 2023
Mortgage rates dropped to the lowest level since February 2023 this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.2%,...
MMI Adds New Tool to Help LOs Identify Past Borrowers Who Are Ripe for...
Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries, has introduced a new feature,...
MBA: Commercial Mortgage Delinquencies Continued to Rise in Q2
Commercial mortgage delinquencies increased in the second quarter, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
“The delinquency rate for loans backed...
Optimal Blue: Rate-and-Term Refinances Surged in August
Rate-and-term refinances jumped 109% in August compared with July as mortgage rates decreased, according to Optimal Blue’s Market Advantage mortgage data report.
Refi locks reached...
Mortgage Applications Continue to Gradually Increase as Rates Fall
Mortgage application volume increased 1.4% during the week ended September 6, as the average rate for a 30-year fixed-rate mortgage with a conforming loan...
Freddie Mac Taps Diana Reid as its Next CEO
Real estate and financial services industry veteran Diana Reid is the new CEO of Freddie Mac, effective immediately.
Reid also will serve as a member...
August Jobs Report Shows a Cooling Labor Market, Supporting a Fed Rate Cut
The U.S. economy added 142,000 jobs in August - weaker growth than in previous months - while the unemployment rate remained flat at 4.2%,...
Mortgage Credit Availability Increased in August as Lenders Broadened Their Refinance Offerings
Mortgage credit availability increased 0.9% in August, according to the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
The increase brought the index score...
Consumers Starting to Feel Better About Where Mortgage Rates Are Going
The Fannie Mae Home Purchase Sentiment Index increased 0.6 points in August to 72.1, as consumers reported significantly greater optimism about the future direction of mortgage...
New FHFA Tool Helps Mortgage Professionals Better Assess Disaster Risk
The Federal Housing Finance Agency (FHFA) has released an online risk analysis tool that provides geographic estimates for physical risks from various types of...
MBA: Purchase Applications Increased Last Week as Refinances Dipped
Mortgage application volume inched up 1.6% during the week ended August 30, as the average rate for a 30-year, fixed-rate mortgage dipped to 6.43%,...
Figure Technology Solutions Taps Ron Chillemi as Chief Legal Officer
Ron Chillemi has joined non-bank HELOC provider Figure Technology Solutions as its first chief legal officer and corporate secretary, where he will oversee the company’s...
Freddie Mac: Mortgage Rates Dropped This Week
Mortgage rates decreased this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.35%, down from 6.46% last week, according to...
MBA: Homebuyer Affordability Improved in July
The national median payment applied for by purchase applicants decreased to $2,140, down from from $2,167 in June, according to the Mortgage Bankers Association's...
A&D Mortgage Completes Fourth Non-QM Securitization This Year
A&D Mortgage has executed its fourth non-QM securitization of the year, the centerpiece of which is a $209.6 million two-year senior note, which secured...
Pending Home Sales Fell to Lowest Level on Record in July
Pending home sales decreased 5.5% in July compared with June and were down 8.5% compared with July 2023, as mortgage rates and home prices...
The Trade-In Mortgage From Calque Now Being Offered by Mid Florida Mortgage Professionals
Mid Florida Mortgage Professionals is now offering The Trade-In Mortgage from Calque to its borrowers.
The loan solution allows homeowners to leverage the equity in...
Mortgage Application Volume Inched Up Last Week as Rates Dipped
Mortgage application volume rose 0.5% last week as the average rate for a 30-year mortgage decreased to 6.44%, down from 6.5% the previous week,...