Might More Buyers Soon Be ‘Restarting Their Hunt’ for a Home?
Competition for homes and price appreciation tapered off faster than normal in July as high housing costs continued to stymie shoppers, according to the...
ICE Rolls Out Improvements to Encompass Mortgage Lending Platform
Intercontinental Exchange Inc. (ICE) has released new enhancements to its Encompass digital mortgage lending platform designed to help lenders improve productivity and lower operational...
Applications for New Home Purchases Jump 9 Percent in July After Sinking in June
Applications for mortgages for new home purchases increased 9% in July compared the June and were up 9.4% compared with July 2023, according to...
Housing Starts Slipped in July as Higher Mortgage Rates Continued to Sap Demand
Housing starts slumped 6.8% in July compared with June and were down 16.0% compared with July 2023, according to the U.S. Census Bureau and...
Mortgage Rates Basically Flat This Week with 30-Year Hovering Around 6.5 Percent
Mortgage rates held steady this week, with the average rate for a 30-year, fixed-rate mortgage at 6.49%, up slightly from 6.47% last week, according...
Mortgage Delinquency Rate Increased in Q2
The mortgage delinquency rate increased to a seasonally adjusted 3.97% as of the end of the second quarter, according to the Mortgage Bankers Association’s...
Mortgage Machine Enhances AI-Powered Document Management System Embedded in LOS
Mortgage Machine Services, offering digital origination technology to residential mortgage lenders, has launched Auto Split, an enhancement to the Click n' File document management...
Voxtur Analytics Appoints Ryan Marshall CEO
Ryan Marshall is the new CEO for Voxtur Analytics, which offers targeted data analytics to simplify tax solutions, property valuation and settlement services throughout...
Multifamily Lending Fell 49 Percent in 2023
Multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units in 2023 - a decrease...
Haley Parker, Brittny Hovland Promoted at Fairway Independent Mortgage
Haley Parker has been elevated to the new position of chief marketing and business development officer while Brittny Hovland is being promoted to the...
Certain Assets of Axia Home Loans Acquired by Planet Home Lending
Planet Home Lending, a national mortgage lender and servicer, has acquired certain assets of retail lender Axia Home Loans, Bellevue, Wash., an employee-owned company with...
Informative Research Adds New Alerts to Portfolio Monitoring
Informative Research has launched new alert types to enhance the portfolio monitoring service offered by Informative Research Data Solutions.
The advanced alerts offer sophisticated monitoring...
Waterstone Mortgage Relocates Home Office to Brookfield, Wis.
Waterstone Mortgage has relocated its home office to Brookfield, Wis.
Previously located in Pewaukee, Wis., the move comes as part of the lender’s initiative to...
Mortgage Applications Jump as Rates Decrease
Mortgage application volume surged 16.8% last week as mortgage rates tumbled, with most of the increase coming from refinances, according to the Mortgage Bankers...
Motto Mortgage Opens New Location in Michigan
Motto Mortgage reports that it has opened a new franchise location in Marquette, Mich.
Motto Mortgage Express is now open and serving all markets throughout...
Loan Servicing Software Market Estimated to Grow by $2.7 Billion From 2024 to 2028
The global loan servicing software market is estimated to grow by $2.7 billion over the next four years, according to market research firm Technavio.
The...
Home Builders Saw Credit Tighten in Q2
Home builders experienced tightening credit in the second quarter, according to the National Association of Home Builders (NAHB).
About 85% of respondents to a survey...
Fannie Mae Selling Pool of Reperforming Loans With UPB of About $611.2 Million
Fannie Mae is auctioning a pool of approximately 3,119 reperforming loans with an unpaid principal balance of approximately $611.2 million as part of its...
Home Sales Prices Increased in Fewer Markets in Q2
Single-family existing-home sales prices increased in 89% of U.S. metro areas in the second quarter, down from 93% in the first quarter, according to...
Freddie Mac Single-Family CRT Program Marks Milestone
Freddie Mac reports that its Single-Family Credit Risk Transfer (CRT) Program has closed its 100th ACIS (Agency Credit Insurance Structure) transaction.
Since the first transaction...