Bill Pulte Nominated to Serve as Director of the FHFA
President-elect Donald Trump has nominated Bill Pulte to serve as director of the Federal Housing Finance Agency (FHFA).
Pulte runs a private equity firm and...
MCT Updates its MSR Valuation Platform with Enhanced Analytics, Reporting
Mortgage Capital Trading (MCT), has released an updated version of its mortgage servicing rights (MSR) valuation platform that addresses the industry's growing need for...
Housing Starts Surged in December as Builder Confidence Improved
Housing starts surged in December, increasing 15.8% compared with November to reach a seasonally adjusted annual rate of 1.499 million, according to the U.S....
Average Rate for a 30-Year Mortgage Crosses the 7 Percent Threshold
The average rate for a 30-year fixed-rate mortgage climbed to 7.04% this week, up from 6.93% last week, according to to Freddie Mac.
It was...
CSS: 57 Percent of Appraisals Were Higher Than the Sales Price in Second Half...
How accurate was the appraisal of residential homes in the second half of 2024?
According to a report from Corporate Settlement Solutions (CSS), home appraisals...
MBA Launches Undergraduate Course on Origination and Processing at Cleveland State University
The Mortgage Bankers Association (MBA) has launched a new program at Cleveland State University focused on residential mortgage origination and processing.
The new, three-credit undergraduate...
MCT Reports 16 Percent Decrease in Mortgage Lock Volume in December
Mortgage Capital Trading, which offers mortgage capital markets technology, reports a 16.7% decrease in mortgage lock volume in December compared with November.
While there was...
Rocket Rebrands Key Business Units, Unveils New Visual Identity
Rocket has rebranded some of its key businesses to unify its services under the overarching "Rocket" brand.
As such, Rocket Pro TPO has been renamed...
Waterstone Mortgage Opens New Office in Bartonville, Texas
Waterstone Mortgage has opened a new office in Bartonville, Texas, that will be managed by Jason Stier, director of VA lending.
The new location will...
DataTrace Expands Automated Title Search, Adds New Search Functionality
DataTrace, a provider of data and automation solutions to the title and settlement services industry, has expanded automated title search to nearly 1,000 counties...
Mortgage Application Volume Rebounds After Decreasing to a Trickle Last Two Weeks of 2024
Mortgage application volume surged 33.3% during the week ended January 10, despite an increase in rates, according to the Mortgage Bankers Association’s (MBA) Weekly...
Lower Taps Adam Wiener as its New President
Adam Wiener is the new president of multi-channel, digital home finance company Lower.
Wiener began his career working in program management for Microsoft's SQL Server...
PHH Mortgage Settles With HUD, Will Refund Borrowers for Convenience Fees
PHH Mortgage Corporation will refund more than 50,000 mortgage borrowers a total of nearly $3.5 million to settle allegations by the U.S. Department of...
Fannie Mae: Annual Home Price Growth Accelerated in Q4
After decelerating for two previous quarters, home price growth re-accelerated on an annual basis in the fourth quarter, according to Fannie Mae.
U.S. home prices...
Ben Fertig: Mortgage Brokers Have Opportunities in the Residential Real Estate Investor Market
PERSON OF THE WEEK: Today’s mortgage brokers face a plethora of challenges that hinder growth, from volatile interest rates and persistent inventory shortages to...
GridBase Rolls Out New Solution for Encompass Partner Connect Migration
GridBase, offering title and lending technology, has introduced an advanced solution for Encompass Partner Connect (EPC) migration.
The company launched its Order Management integration within...
Zillow Hires Zuhairah Washington as SVP of Market Operations
Zuhairah Washington has joined Zillow Group as senior vice president of market operations and Flex general manager.
Washington is an award-winning business executive with a...
Redfin Reports Small Surge in Home Shoppers to Start the New Year
The New Year kicked-off with some good news for U.S. home sales: There was a 2% increase in the number of people shopping for...
More Than One-Third of U.S. Homeowners Say They Will Never Sell Their Home
Because the cost of housing has soared, more than one-third (34%) of U.S. homeowners say they’ll never sell their home, and another 27% say...
NAR Taps Housing Industry Veteran Sherry Chris as a Consultant to CEO Nykia Wright
Housing industry veteran Sherry Chris has been hired as an independent consultant and special advisor to Nykia Wright, CEO for the National Association of...