As Inventory Increases, Many Buyers Still Waiting on the Sidelines
Even though inventory has been increasing, many home buyers are still sitting on the sidelines, with some likely waiting for mortgage rates to decrease...
Guaranteed Rate Re-Enters Securitization Market with Prime Jumbo RMBS Deal
Guaranteed Rate is launching its first residential mortgage-backed securities (RMBS) deal of 2024, making it the first 100% retail non-bank lender to re-enter the...
Mortgage Application Volume Jumped 15.6 Percent Last Week as Rates Edged Down Slightly
Mortgage application volume took one of the largest jumps in over a year last week, increasing an impressive 15.6% on an adjusted basis compared...
FHFA Seeks Public Input on the GSEs’ Underserved Markets Plans
The Federal Housing Finance Agency (FHFA) is seeking public feedback on the proposed 2025-2027 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac...
Poll: A Majority of Americans Say Government Officials Are Failing to Address Affordability
A majority of Americans agree the U.S. is in a housing affordability crisis and that government officials at all levels aren’t doing enough to...
Zillow Intros Tool to Mitigate Bias in AI-Powered Conversations
Because many AI tools disregard fair housing requirements and, when deployed, can perpetuate bias, Zillow is releasing a Fair Housing Classifier that establishes guardrails to...
ATTOM: Foreclosure Rates Increased Month-Over-Month in May But Are Down From a Year Ago
A total of 32,621 U.S. properties saw foreclosure filings — default notices, scheduled auctions or bank repossessions — in May, an increase of 3%...
Mortgage Originations Dropped 6.8 Percent in Q1 to Lowest Level Since 2000
Roughly 1.28 million mortgages secured by residential property (1 to 4 units) were issued during the first quarter, a 6.8% decrease compared with the...
Consumer Sentiment Toward Housing Market Continued to Sour in May
Consumers continued to have a mostly negative view of the housing market in May, with only 14% saying it’s a good time to buy...
Optimal Blue Names Joe Tyrrell CEO
Joe Tyrrell is the new CEO of Optimal Blue, a provider of secondary marketing software.
Tyrrell succeeds interim CEO Scott Smith of Optimal Blue's parent...
Mortgage Rate Lock Volume Increased 6.78 Percent in May
Mortgage rate lock volume increased 6.78% in May compared with April, according to Mortgage Capital Trading Inc. (MCT), which offers mortgage capital markets technology.
As...
Finastra Named a Preferred Partner by BlackFin
Mortgage consultancy BlackFin has named Finastra, a provider of financial software applications and marketplaces, a preferred partner.
As a preferred partner, Finastra will collaborate closely...
Home Prices Falling in Certain Markets as Some Listings Linger Longer
Home prices are dropping for the first time in years in certain U.S. metros, including Austin (down 2.9% year over year), San Antonio (down...
Strong Jobs Report Keeps Inflation Concerns High
The U.S. economy added 272,000 jobs in May - above expectations - but the total number of unemployed increased to 6.6 million, raising the...
Homeowners With Mortgages Continue to See Strong Equity Gains
Due to rising home prices, U.S. homeowners with a mortgage gained an average of $28,000 in equity during the past year, according to CoreLogic.
That’s...
Mortgage Rates Dipped This Week as Average Rate for 30-Year Hovers at 7 Percent
Mortgage rates dipped this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.99%, down from 7.03% last week, according to...
FHFA Enhances Flex Modification Policies to Help Borrowers in Forbearance
More mortgage borrowers facing longer-term hardships will be able to achieve meaningful payment reductions as a result of recent enhancements to Fannie Mae and Freddie Mac’s...
Mortgage Credit Increased Slightly in April But Remains Near Historic Lows
Mortgage credit availability increased 0.1% in May compared with April, rising to a score of 94.1 on the Mortgage Bankers Association's (MBA) Mortgage Credit...
NAHB: Builders Currently More Focused on Single-Family Production Over Multifamily
In response to strong demand and lack of inventory, homebuilders are currently focusing on single-family production over multifamily production, according to a recent report...
Starwood Capital Group Hires Matt Smith as a Managing Director
Matt Smith has joined Starwood Capital Group, a global private investment firm with a primary focus on real estate, as managing director, head of...