Total Value of U.S. Housing Stock Has Reached Record $49.6 Trillion
The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a report...
Lock Volume Increased 3.5 Percent in July, Driven by Refinances
Mortgage refinance demand surged in July to levels not seen since September 2022 amid softening interest rates, Optimal Blue reports.
The lower interest rates seen...
90-Day Sales Manager Launches Activity-Based CRM for Mortgage Teams
Coaching platform provider 90-Day Sales Manager has launched an activity-based CRM system with built-in coaching and accountability for mortgage teams at credit unions and...
Commercial Mortgage Brokerage Eastern Union Hires Jarrod Glodt as Loan Consultant
Banking veteran Jarrod Glodt has joined commercial mortgage brokerage Eastern Union as a senior loan consultant.
Glodt has more than 10 years of experience as a banker...
TidalWave SOLO Now Integrated With Freddie Mac Loan Product Advisor
Financial technology provider TidalWave reports that its purposely built AI copilot engine SOLO is now integrated with Loan Product Advisor (LPA), Freddie Mac's automated underwriting...
LoanPASS Integrated With BankingBridge
LoanPASS, which offers configurable loan decisioning and pricing technology, is now integrated with lead-generation platform BankingBridge.
The integration makes it easier for mortgage lenders to...
Mortgage Capital Trading Wins Patent for Security Spread Commitment Used in MCT Marketplace
Mortgage Capital Trading reports that it has been awarded a patent for the security spread commitment used in MCT Marketplace, its mortgage asset exchange.
The...
Mortgage Credit Availability Increased 3.3 Percent in July
Mortgage credit availability increased in July, rising 3.3% compared with June to a score of 98.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Mortgage Rates Plunge in Reaction to Market Turbulence
Mortgage rates plummeted this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.47%, down from 6.73% last week and down...
Data Show Share of Mortgages to Black, Hispanic and Asian Borrowers Increased in 2023
Mortgage lenders - including banks, savings associations, credit unions, and mortgage companies - made progress in terms of boosting the share of loans to...
Zillow Group Names Jeremy Wacksman New CEO
Jeremy Wacksman is the new CEO of Zillow Group.
Wacksman had been serving as chief operating officer.
He has also been appointed to the company's board...
Consumers’ View of the Housing Market Remained Grim in July
Consumer confidence in the housing market decreased slightly in July compared with June but was up 4.7 points compared with July 2023, as per...
Nearly One in Five House Hunters Willing to Trade Safety for Affordability
Nearly one in five house hunters (17.3%) are willing to sacrifice their physical safety to find a home they can afford within the next...
Refi Applications Take Off as Mortgage Rates Drop
Mortgage application volume jumped 6.9% during the week ended August 2 as the average rate for a 30-year based on closings decreased to 6.55%,...
Negative Equity Rates Creeping Up in Certain Markets
Fewer than 325,000 homeowners are underwater on their mortgages nationwide, putting just 0.60% of active loans in a negative equity position, with another 4.2%...
Homeownership Rate Dipped in Q2 as First-Time Homebuyers Sat on Sidelines
The U.S. homeownership rate was 65.6% in the second quarter, flat compared with the first quarter and down slightly compared with the second quarter...
Home Price Appreciation Slowed Significantly in June
U.S. home prices continued to rise in June but at a much slower pace compared with the first half of this year, according to...
Consolidated Analytics Acquires Investor Claim Solutions
Consolidated Analytics (CA), a provider of mortgage services and data analytics, has acquired the assets of Investor Claim Solutions (ICS), specializing in investor claims...
Mortgage Borrowers’ Tappable Equity Hit All-Time High of $11.5 Trillion in June
Home equity held by U.S. mortgage borrowers hit an all-time high of $13.8 trillion in June, according to ICE Mortgage Technology’s Mortgage Monitor report.
At...
AVMs Seeing Increased Use by Home Equity Lenders
Home equity lenders’ use of AVMs has increased significantly, a report from Corporate Settlement Solutions (CSS) shows.
The report measures of the types of valuation...