Zillow Home Loans Rolling Out New Tool to Help Borrowers Assess Affordability
Zillow Home Loans is introducing a new tool that helps borrowers assess how much home they can afford.
The new tool, BuyAbility, gives buyers a...
Halcyon is Integrating With Fannie Mae’s Desktop Underwriter
Halcyon is integrating with Fannie Mae's Desktop Underwriter (DU) validation service, with final authorization at a later date.
This new integration utilizes the widely recognized...
Planet Home Lending Names Bill Shuler Chief Information Officer
Bill Shuler has joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as executive vice president, chief information officer.
Shuler has more...
First American: Rising Inventory in April Had Little Effect on Home Prices, Affordability
A combination of increased listings and weakening affordability continued to dampen home price appreciation in April – a trend that will likely to continue,...
Ben Rempe Tapped as President of myCUmortgage
Ben Rempe has been named president of mortgage services provider myCUmortgage, effective June 3.
myCUmortgage is a credit union service organization (CUSO) and wholly owned...
Redfin: New Home Sales Continue to Represent One-Third of All Home Sales
One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, according to a Redfin report.
Although that is...
MBA: Share of Mortgages in Forbearance ‘Stagnant’ in April at 0.22 Percent
The share of mortgage loans in forbearance remained flat for a fourth straight month at 0.22% as of April 30, according to Mortgage Bankers...
MBA: Mortgage Delinquency Rate Edged Up in Q1
The mortgage delinquency rate for residential properties increased to 3.94% of all loans in the first quarter, up 6 basis points compared with the...
New and Active Listings Increased in April as Home Prices Continued to Rise
The median U.S. home sale price increased 6.2% year over year in April to $433,558 — the highest level on record, according to Redfin.
Today’s...
Mortgage Advisory Firms STRATMOR Group and Teraverde Have Merged
STRATMOR Group and Teraverde have merged to create a powerhouse mortgage advisory firm poised to serve clients across entire mortgage banking spectrum.
Both firms will...
VantageScore Releases New Credit-Scoring Model, VantageScore 4plus
VantageScore has released the newest version of its credit-scoring model, VantageScore 4plus.
The new version combines the power of alternative open banking data with traditional credit...
Asurity Technologies Taps Brad Vasto as SVP, Sales
Brad Vasto has joined Asurity Technologies, which offers consumer lending compliance software and advisory services, as senior vice president - sales.
Vasto has more than...
LoanCare Hires David Vida as EVP, Chief Revenue Officer
Mortgage industry veteran David Vida has joined subservicer LoanCare as executive vice president, chief revenue officer.
Vida is a seasoned leader with a robust background...
PIMCO is Winning Bidder on Three Pools of Reperforming Loans Auctioned by Fannie Mae
Pacific Investment Management Company LLC (PIMCO) is the winning bidder on three pools of reperforming mortgage loans recently auctioned by Fannie Mae.
Reperforming loans are...
43 Percent of Recent Homebuyers Have Struggled to Make Mortgage Payments on Time
Forty-four percent of recent home buyers have had to take on additional debt to maintain their lifestyle, and 43% have struggled to make mortgage...
Snapdocs’ eVault and SitusAMC’s ProMerit Now Integrated
Snapdocs eVault is now integrated with SitusAMC’s ProMerit platform, allowing warehouse lenders to manage e-note transactions seamlessly and securely from within their warehouse lending...
Mortgage Rates Decrease for a Second Consecutive Week
The average rate for a 30-year fixed-rate mortgage fell to 7.02% this week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).
A year ago...
Housing Starts Increased in March, Driven by 31 Percent Surge in Multifamily Production
Housing starts were at a seasonally adjusted annual rate of 1.36 million in April, an increase of 5.7% compared with March but down 0.6%...
ATTOM: Foreclosure Activity a ‘Mixed Landscape’ Across the U.S.
There were 31,649 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in April, down 4% compared with March...
FHFA Announces New CIO, CFO
Luis Campudoni has been named chief information officer for the Federal Housing Finance Agency (FHFA) while Mary Peterman has been named chief financial officer.
Campudoni...