Commercial Mortgage Delinquencies Increased Slightly in Q1
Delinquency rates for mortgages backed by commercial properties increased slightly during the first quarter according to the Mortgage Bankers Association's (MBA) latest commercial real...
Mortgage Technology Firm Novaprime Adds David Nielsen as CRO
David Nielsen has joined mortgage technology company Novaprime as chief revenue officer.
Nielsen has 20 years of sales experience at leading mortgage companies. He joins...
GridBase, Qualia Partner to Integrate Resware with Encompass Partner Connect
GridBase, a middleware provider for the title and mortgage industry, and Qualia, a digital real estate closing platform, are partnering to integrate Resware, part...
Mortgage Applications Up Slightly Last Week as Rates Remained Stable
Mortgage application volume increased 1.1% during the week ended May 9, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
Mortgage rates were stable...
MBA: Residential Mortgage Delinquency Rate at About 4 Percent, as of Q1
The residential mortgage delinquency rate as of the end of the first quarter stood at about 4.04% of all loans outstanding, according to the...
Optimal Blue: Purchase Lock Volume Increased in April, as Refi Activity Fell Off
Total mortgage lock volume increased 3.2% in April compared with March, driven mainly by an uptick in FHA loans, according to Optimal Blue's April...
Seamless Integration: The Key to Modernizing Mortgage Servicing Operations
As regulatory expectations evolve, borrower demands shift and the digital transformation of financial services accelerates, mortgage servicers are being forced to re-examine not just...
LenderLogix: Pre-Approvals Took a Healthy Jump in the First Quarter
In keeping with seasonal patterns, borrowers generated 37.8% more pre-approval letters through LenderLogix's QuickQual pre-approval platform in the first quarter compared with the fourth...
ATTOM: Share of Homes Considered ‘Equity Rich’ Fell Slightly in Q1
The share of homes considered equity-rich dropped to 46.2% in the first quarter, down from 47.7% in the fourth quarter, while the rate of...
Argyle Integrates its VOIE Solution With Tidalwave’s AI-Driven POS
Argyle, which offers automated income and employment verifications, is now integrated with Tidalwave, an agentic AI mortgage point-of-sale (POS) platform.
The integration embeds Argyle's verification of income...
Mitchell Sandler Announces Four New Hires as Part of Expansion
Reid Herlihy has joined the mortgage regulatory practice at Mitchell Sandler, a boutique financial services law firm founded in 2019 by a group of...
Clear Capital Launches PropertyNova, a New Data Solutions Business
Valuations firm Clear Capital has launched a data solutions business called PropertyNova that offers comprehensive property insights.
The firm says this new solution helps address...
ATTOM: Home Equity Dipped in Q1 But Remains Nearly Double What it Was in...
About 46.2% of mortgaged residential properties in the U.S. were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances...
Cloudvirga Launches Tropos, a Borrower Portal That’s More Than a Borrower Portal
Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, has launched Tropos, a borrower portal that helps lenders deliver personalized, intuitive digital experiences...
Mortgage Rates Basically Flat This Week, But Stability is ‘Reassuring to Consumers’
Mortgage rates were basically flat this week, with the average rate for a 30-year fixed-rate mortgage at 6.76%, according to Freddie Mac’s Primary Mortgage...
MBA: Mortgage Credit Availability Flat in April
Mortgage credit availability was flat in April, thus the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI) remained unchanged at a score of...
Optimal Blue Announces General Availability of New AI Assistant
Optimal Blue has announced general availability of Originator Assistant, a new addition to the Optimal Blue PPE that uses generative AI to eliminate human...
First American: Homeowners Insurance Skyrocketing, Especially in the South
Homeowners insurance costs are skyrocketing, especially in disaster-prone markets in the South, a report from First American shows.
This is a challenging affordability problem for...
Wait and See: FOMC Maintains Fed Funds Rate
As was expected, the Federal Open Market Committee (FOMC) today voted unanimously to maintain the fed funds rate in the range of 4.25% to...
Mortgage Applications Jumped Last Week as Average Rate for 30-Year Fell to 6.84 Percent
Mortgage application volume surged 11% during the week ended May 2, as the average rate for a 30-year fixed-rate mortgage dropped to 6.84%, down...