Borrower Down Payment Hits All-Time High
A new report from Redfin says the typical down payment for U.S. homebuyers hit a record high of $67,500 in June, up 14.8% from...
Case-Shiller: Home Prices Eked Out a 0.2 Percent Increase in June
U.S. home prices continued their upward march in June, rising 0.2% on an adjusted basis compared with July, however the rate of appreciation is...
ICE: 32 Percent Jump in Foreclosures in July Not a Sign of Market Stress
There were about 30,000 foreclosure starts in July, an increase of 32% compared with June and up 14% compared with July 2023, according to...
Veros Launches iVALUATION, an Interactive Tool That Validates Property Valuations
Valuations firm Veros Real Estate Solutions has introduced iVALUATION, a new platform that provides housing finance professionals with the quick insights they need to...
MIAC Analytics Handling Sale of $1.09B Fannie Mae and Freddie Mac MSR Portfolio
MIAC Analytics is managing the sale of a $1.09 billion Fannie Mae and Freddie Mac mortgage servicing rights (MSR) portfolio.
The portfolio is being offered...
Home Affordability Improved Slightly in July
Home affordability got a bit better in July - but not enough to improve homebuyer sentiment, according to the latest Real House Price Index...
Zombie Foreclosures a ‘Mere Blip on the Radar,’ ATTOM Says
Zombie foreclosures - pre-foreclosure properties that have been abandoned by owners - dwindled to about 7,000 as of the third quarter - slightly above...
Sparrow Mortgage Now Offering The Trade-In Mortgage From Calque
Calque and The Trade-In Mortgage have announced 20 new lenders in 2024.
The latest is Sparrow Mortgage, a mortgage broker operating in Florida, Georgia, Massachusetts,...
New Home Sales Increased 10.6 Percent in July
New home sales in July were at a seasonally adjusted annual rate of 739,000, an increase of 10.6% compared with June and up 5.6%...
Informative Research Taps Steve Schulz as EVP of Product Management
Steve Schulz has joined Informative Research as the new executive vice president of product management.
Schulz has more than 20 years of experience in information...
Mortgage Machine Now Integrated with Vice Capital Markets
Mortgage hedge advisory firm Vice Capital Markets has completed its integration with Mortgage Machine, an out-of-the-box, all-in-one loan origination system (LOS) designed to accelerate...
Mortgage Rates Flat This Week, With 30-Year at Around 6.46 Percent
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage hovering around 6.46%, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Increased in July but Remain ‘Sluggish’
After decreasing for four consecutive months, existing-home sales finally turned the corner and grew 1.3% in July compared with June to a seasonally adjusted...
Sundeep Mathur: Mortgage Lenders Must Ensure Their Use of AI is ‘Compliant and Responsible’
PERSON OF THE WEEK: As the mortgage lending industry rushes to leverage advanced AI, there are tenets that should be kept in mind to...
U.S. Home Prices Increased 0.3 Percent in July But Have Turned Negative in Certain...
Home prices increased 0.3% nationally in July compared with June and were up 5.3% compared with July 2023, according to First American’s home price...
Mortgage Applications Stabilize Following Market Volatility
Mortgage application volume dropped 10.1% during the week ended August 16, despite mortgage rates dipping slightly lower, according to the Mortgage Bankers Association’s (MBA)...
Home Prices Post Tiny Month-Over-Month Increase
According to a new report from Redfin, U.S. home prices ticked up 0.2% for the second consecutive month in July - the smallest month-over-month...
Wells Fargo Divesting Non-Agency Commercial Mortgage Servicing
Wells Fargo is selling the non-agency third-party servicing segment of its commercial mortgage servicing business to Trimont, a commercial real estate loan servicer and...
Mortgage Originations Finally Turn a Profit Again
Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net profit of $693 on each loan they originated in the...
Pending Home Sales Fall to Lowest Level Since April 2020
Sales of existing homes rose 0.6% month over month in July but fell 2% year over year to a seasonally adjusted annual rate of...