Labor Market Continued to be Resilient in June, But There is Softening in the...
The U.S. labor market continues to defy expectations, adding 147,000 new jobs in June, while the unemployment rate remained stable at 4.1%, according to...
Mortgage Rates Fall Heading Into Fourth of July Weekend
Mortgage rates dropped this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.67%, down from 6.77% last week, according to...
Refinance Volume Surged Last Week on Lower Rates
Total mortgage application volume increased 2.7% on an adjusted basis during the week ended June 27, according to the Mortgage Bankers Association’s (MBA) Weekly...
Rocket Closes Merger With Redfin
Rocket Companies reports that it has closed its merger with Redfin, an all-stock transaction that will create a one-stop shop where home buyers can search...
Case-Shiller: Home Prices Decreased 0.4 Percent Nationally in April
U.S. home prices decreased 0.4% on an adjusted basis in April compared with March but were up 2.7% compared with April 2024, according to...
Pulte Directs GSEs to Consider Crypto as an Asset for Mortgage, But What Are...
Bill Pulte, director of the Federal Housing Finance Agency, recently announced on X that he has ordered government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
Joel Rickman: Data Can Help Drive Lender Decisions in an Uncertain Market
PERSON OF THE WEEK: Arguably, the single thing mortgage lenders need most in today’s market is good quality data.
In fact, considering that data impacts...
Homebuyer Affordability Declined Further in May
The national median monthly mortgage payment applied for by purchase applicants increased to $2,211 in May, up from $2,186 in April, according to the...
SettlementOne Integrates FICO Score Mortgage Simulator Into its Suite of Lending Tools
SettlementOne, offering credit reporting, data and verification solutions for the mortgage industry, is partnering FICO to integrate the FICO Score Mortgage Simulator into its...
American Pacific Mortgage Partners With HomeLight to Bring ‘Buy Before You Sell’ to its...
American Pacific Mortgage is delivering HomeLight's Buy Before You Sell bridge loan solution to its network of LOs.
The partnership will help American Pacific Mortgage’s...
Controversial ‘Revenge Tax’ Provision Removed From Big Beautiful Bill
The Senate has agreed to remove a provision in the Trump Administration’s One Big Beautiful Bill that would would impose retaliatory income taxes on...
Pending Home Sales Increased Modestly in May
Pending home sales increased 1.8% in May compared with April and were up 1.1% compared with May 2024, according to the National Association of...
Mortgage Rates Edge Down for a Fourth Straight Week
Mortgage rates decreased again this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.77%, down from 6.81% last week, according...
If You Build It, They Don’t Care: Expanding Homeownership Access with Authenticity and Culture
For years, the mortgage industry has operated under a hopeful assumption: “If you build it, they will come.” This notion, popularized by Field of...
Mortgage Application Volume Up Slightly as Rates Remain Stuck in a Narrow Range
Total mortgage application volume increased 1.1% on an adjusted basis during the week ended June 20, according to the Mortgage Bankers Association’s (MBA) Weekly...
Rocket Now Offers Bridge Loans, Enabling Homeowners to Buy a New Home Before Selling...
Rocket Mortgage is now offering bridge loans – a new product that allows homeowners looking to buy a new home to use their equity...
Planet Home Lending Hires Elysia Stobbe as Branch Manager in Neptune Beach
Mortgage industry veteran Elysia Stobbe has joined Planet Home Lending as the branch manager in Neptune Beach, Florida.
Stobbe is a top-producing mortgage originator, coach...
Argyle Now Offers Verification of Assets Powered by Mastercard’s Open Finance Technology
Verifications solutions provider Argyle has announced the availability of verification of assets powered by Mastercard's open finance technology.
The expanded offering enables lenders to confirm borrowers'...
New Home Sales Plummeted in May Despite More Inventory
New home sales were at a seasonally-adjusted annual rate of 623,000 in May, a decrease of 13.7% compared with April and down 6.3% compared...
First Community Mortgage Expands its Use of Blue Sage’s Digital Lending Platform to Wholesale
First Community Mortgage is expanding its use of Blue Sage’s digital lending platform to include both its traditional and non-delegated wholesale lending channels, which...