Mortgage Applications Fell Slightly Last Week as Rates Inched Back Up
Mortgage application volume fell during the week ended August 22, dropping 0.5% compared with the previous week, according to the Mortgage Bankers Association’s (MBA)...
Kiavi Closes $400 Million Rated Securitization
Fix and flip private lender Kiavi has closed a $400 million rated securitization of residential transition loans, locking in up to $1.3 billion of...
New Home Sales Drooped in July as Impact of Builder Incentives May be Diminishing
New home sales in July were at a seasonally-adjusted annual rate of 652,000, down 0.6% compared with June and down 8.2% compared with July...
How Smaller FIs Are Leveraging Technology to Compete With Mortgage Giants
Whether it’s the independent local bookstore against the big-box corporate chain that just moved in down the block or a community bank competing with...
Logan Finance Taps Paul Dobynes as Western Managing Director of Sales
Paul Dobynes has been appointed western managing director of sales at non-QM mortgage lender Logan Finance Corporation.
Dobynes has more than 25 years of mortgage...
Choice Mortgage Group Expands, Hits Key Milestones in 2025
Mortgage lender Choice Mortgage Group reports that it has hit numerous milestones so far this year, including the expansion of its leadership team and...
Foreclosure Starts Jumped in July as Mortgage Delinquencies Ebbed
Foreclosure starts jumped 4.3% in July compared with June and were up 7.61% compared with July 2024, according to ICE Mortgage Technology’s First Look...
Sagent Hires Two New Execs to Grow Dara Mortgage Servicing Platform
Art Calhoun has joined Sagent, a provider of mortgage servicing technology solutions, as vice president of strategic partnerships.
In addition, Kim Warnica has joined the...
Mortgage Rates Flat This Week
Mortgage rates were flat this week, with the average rate for a 30-year fixed rate mortgage at 6.58%, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Inched Up in July as Inventory Increased
Existing-home sales were at a seasonally adjusted annual rate of 4.01 million in July, an increase of 2.0% compared with June and an increase...
Westcor Launches Wire Verification Tool to Protect Real Estate Transactions
Westcor Land Title Insurance Company has launched val-Wire by Westcor, a wire verification tool delivers protection for title agents and keeps them ahead of real...
ACES: Loan Quality Risk Increasing as Market Pressures Mount
The overall critical defect rate for mortgage loans post-closing increased to 1.31% in the first quarter, ending a two-quarter improvement streak, according to the...
Mortgage Applications Fell Last Week While Rates Remained Flat
Mortgage application volume decreased 1.4% during the week ended August 15, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
The average rate for...
MBA: With Production Up, Mortgage Bankers Turned a Profit in Q2
Mortgage bankers saw a pre-tax net production profit of $950 on each loan they originated in the second quarter, a big improvement compared with...
NotaryCam Now Certified to Deliver RON Services in Vermont
NotaryCam has been certified to deliver secure, online digital notarizations in Vermont.
The state recently passed legislation enabling remote online notarization (RON).
“RON can not only...
Housing Starts Increased in July But Homebuilders Continue to Face Stiff Headwinds
Housing starts in July were at a seasonally adjusted annual rate of 1.428 million, an increase of 5.2% compared with June and up 12.9%...
Optimal Blue: Non-QM Lending Hit Highest Share on Record in July at 8 Percent
Mortgage lock volume decreased 3% in July compared with June, led by a nearly 5% drop in purchase activity, according to Optimal Blue’s Market...
Snapdocs Now Integrated With Tavant’s FinConnect
Snapdocs’ e-closing platform is now integrated with Tavant’s FinConnect plug-and-play integration platform, thus enabling lenders to automate and accelerate mortgage workflows.
The partnership gives lenders...
Applications for New Home Purchases Increased 7 Percent in July
Applications for mortgages for new home purchases increased 7% in July compared with June and were up 6.8% compared with July 2024, according to...
MBA: Mortgage Delinquency Rate Decreased in Q2
The mortgage delinquency rate for residential properties decreased to 3.93% in the second quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
That’s...