Clear Capital’s ClearCollateral Review Now on ICE Mortgage Technology’s Encompass Platform
Clear Capital's ClearCollateral Review (CCR), an automated appraisal review platform for collateral underwriting, is now on the Encompass Partner Connect API framework.
That means mortgage...
Automation as a Regulator: How Servicers Can Maintain Controls Amid CFPB Cutbacks
With the Consumer Financial Protection Bureau (CFPB) experiencing staff and resource reductions as a result of government efficiency mandates, the mortgage servicer industry is...
U.S. Mortgage Holders Are Starting to Tap Into Their Record Levels of Home Equity
U.S. mortgage holders carried a record $17.6 trillion in home equity entering the second quarter, with $11.5 trillion considered “tappable” — that is, available...
Fannie Mae Launches AI-Powered Crime Detection Unit Using AI Software From Palantir
Government-sponsored enterprise Fannie Mae has launched a crime detection unit that will use AI-driven fraud detection software from Palantir Technologies.
The new partnership will expand...
The Residential Property Vacancy Rate Has Been Nearly Rock Bottom for Three Years
Approximately 1.4 million (1,382,480) residential properties - or about 1.3% of all U.S. homes - are currently vacant, according to ATTOM’s newly released Vacant...
Cotality: Mortgage Delinquency Rate Was Flat in March, Lowest Since August 2024
The national mortgage delinquency rate stood at 2.8% in March, the lowest level since August 2024, according to Cotality’s latest loan performance report.
That’s flat...
MBA: Homebuyer Affordability Continued to Decrease in April
Homebuyer affordability decreased slightly in April, falling 0.6% to a score of 163.0 on the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI).
That’s...
Dovenmuehle Mortgage Inks Subservicing Deal With SESLOC Credit Union
Dovenmuehle Mortgage reports it has signed a subservicing deal with SESLOC Credit Union, a not-for-profit financial cooperative serving central and coastal California communities.
Dovenmuehle will...
Mortgage Rates Continue to Edge Up, With Average Rate for 30-Year Now Almost at...
Mortgage rates continued to rise this week, with the average rate for a 30-year fixed-rate mortgage (FRM) reaching 6.89%, up from 6.86% last week,...
Pending Home Sales Sank 6.3 Percent in April, Subdued by Higher Mortgage Rates
Pending home sales fell 6.3% in April compared with March and were down 2% compared with April 2024, according to the National Association of...
Rate Hires 20-Year Mortgage Veteran Amy Dolan to Cover Philadelphia
Amy Dolan, a 20-year mortgage veteran, has joined Rate as a new loan officer serving the greater Philadelphia area.
With more than two decades of...
Arrive Home Launches Two New Earned Equity Products
Arrive Home, a national affordable housing program in the lending space that offers down payment assistance and innovative credit solutions for responsible borrowers across...
Case-Shiller: Home Price Growth Turned Negative Month-Over-Month in March
Despite increased inventory, U.S. home prices posted a decrease of -0.3% in March compared with February but were up year-over-year, according to the S&P...
Mortgage Applications Edged Down Last Week as 30-Year Rises to Nearly 7 Percent
Mortgage application volume dipped 1.2% during the week ended May 23, as the average rate for a 30-year, fixed-rate mortgage increased to 6.98%, up...
Typical U.S. Luxury Home Sold for $1.35 Million in April
The typical U.S. luxury home sold for a near-record $1,348,065 in April, up 6.5% from a year earlier, according to a report from Redfin.
For...
ICE: Mortgage Delinquencies Up Slightly in April
The U.S. mortgage delinquency rate increased slightly to 3.22% in April, according to ICE Mortgage Technology’s latest First Look report.
That’s an increase of one...
New Home Sales Jumped 10.9 Percent in April
New home sales in April were at a seasonally-adjusted annual rate of 743,000, an increase of 10.9% compared with March and up 3.3% compared...
Fannie Mae: Mortgage Originations Will Reach $1.99 Trillion in 2025
Mortgage originations will rise to $1.99 trillion in 2025 and $2.38 trillion in 2026, according to the latest economic outlook from Fannie Mae.
That’s up...
Westcor Land Title Insurance Co. Taps Liz Dunlap as an Agency Representative
Liz Dunlap has joined Westcor Land Title Insurance Company as an agency representative.
Dunlap has been in the industry since 2001 and understands the challenges...
Next Level Education Acquires Summit Mortgage Training
Next Level Education, a training provider dedicated to empowering mortgage professionals through education and industry-leading expertise, has acquired Summit Mortgage Training, which delivers pre-licensing...