Luxury Market Continued to Thrive in Q2 ‘Thanks to an Abundance of All-Cash Buyers’
The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier—the biggest increase in nearly...
HELOC, Home Equity Loan Originations Were Basically Flat in 2023
HELOC and home equity loan origination volume increased 1.5% in 2023 compared with 2022, while debt outstanding increased 8.3%, according to the Mortgage Bankers...
First American: Home Affordability Improved Slightly in June
Home affordability improved from May to June but remained down 4% compared with June 2023, as per First American’s latest Real House Price Index.
“Nationally,...
Halcyon IRS Integrated Income Verification Solutions Integrated with CoreLogic
Halcyon, offering digital IRS integrated income verification solutions, has announced an integration with CoreLogic that aims to revolutionize the income verification process in the...
Deephaven Partners with Blue Water to Improve Pipeline Management
Blue Water Financial Technologies, a provider of financial management solutions, owned by Voxtur Analytics Corp., is set to transform the way Deephaven Mortgage manages...
Commercial Mortgage Delinquencies Decreased Slightly in Q2
Delinquency rates for mortgages backed by commercial properties declined slightly during the second quarter, according to the Mortgage Bankers Association's (MBA) latest commercial real...
Homebuyer Affordability Improved in June
The national median payment applied for by purchase applicants in June decreased to $2,167, down from $2,219 in May, according to the Mortgage Bankers...
Mortgage Servicers Face Potentially Serious Challenges in the Future
Mortgage servicers this year have successfully fought back the headwinds of persistently high interest rates and financial uncertainty to drive improvements in overall customer...
Atlantic Coast Mortgage Using Nextwave CRM
Atlantic Coast Mortgage is using Nextwave CRM by CRMnow as its enterprise CRM platform for loan officers across all 30 states where it operates.
Atlantic...
Share of Mortgages in Forbearance Increased for First Time Since October 2022
The share of loans in forbearance increased to 0.23% as of June 30, according to the Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey.
“The...
Freddie Mac: Mortgage Rates Basically Flat
Mortgage rates were basically flat this week compared with last week, as the average rate for a 30-year increased slightly to 6.78%, up from...
The Benefits of Investing in Dedicated Mortgage Servicing Software
BLOG VIEW: To help provide needed liquidity, many lenders sell mortgage loans to government sponsored enterprises (GSEs) or other investors to boost capital and...
Neighborhood Credit Union Using FirstClose to Streamline Home Equity Lending
Neighborhood Credit Union is using FirstClose to streamline its home equity lending operations.
Headquartered in Dallas, Neighborhood Credit Union has 14 branches throughout Texas serving...
Share of Homes Sitting on the Market Longer Than a Month Increased in June
Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract,...
Informative Research Expands Integration with The Work Number to Provide New Options
Verification solutions provider Informative Research has expanded its integration with Equifax’ The Work Number income and employment information.
With this enhancement, Informative Research provides its...
New Home Sales Decreased 0.6 Percent in June as Buyers Wait for Rates to...
New home sales fell 0.6% in June compared with May to reach a seasonally adjusted annual rate of 617,000, according to estimates from the...
Mortgage Applications Fell 2.2 Percent Last Week Despite Dip in Rates
Despite a slight dip in rates, mortgage application volume fell 2.2% during the week ended July 19, according to the Mortgage Bankers Association’s (MBA)...
Optimal Blue Adds New Generative AI Assistant Capabilities
Capital markets technology firm Optimal Blue has launched generative AI capabilities centered on helping mortgage lenders maximize profitability on every loan transaction.
Through direct engagement...
NAR: Existing-Home Sales Fell 5.4 Percent in June
Existing-home sales decreased 5.4% in June compared with May to a seasonally adjusted annual rate of 3.89 million, according to the National Association of...
MMI Taps Dan Jones as Chief Data Officer as It Expands Data Initiatives and...
Dan Jones, a seasoned data and artificial intelligence (AI) strategist, has joined Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools...