FHFA: U.S. Home Prices Increased 1.2 Percent in February
U.S. home prices increased 1.2% in February compared with January and were up 7% compared with February 2023, according to the Federal Housing Finance...
MMI Hires Ron Ross as Chief Financial Officer
Ron Ross has joined Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and real estate industries, as chief...
Mortgage Rates Continue to Increase Heading Into Peak Homebuying Season
The average rate for a 30-year fixed-rate mortgage increased to 7.22% this week, up from 7.17% the previous week and up from 6.39% a...
Xactus Names Danielle Walker SVP, Business Development
Danielle Walker has been promoted to senior vice president, business development, at Xactus.
Previously she served as vice president, product development. She also previously served...
ATTOM: Profit Margins on Home Sales Decreased in Q1
Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter – the lowest level observed...
Survey: Many Homeowners Aren’t Aware They Can Use Equity to Pay Down Credit Card...
A survey conducted for FirstClose reveals that homeowners lack awareness regarding how home equity can be used to pay down higher-interest credit card debt.
In...
Truv Now an Authorized Report Supplier for Fannie Mae’s DU Validation Service
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks, and credit unions, is now an authorized report supplier for...
American Heritage Lending Using OptifiNow TPO for its Wholesale Operations
Non-QM lender American Heritage Lending (AHL) is now using the OptifiNow TPO CRM system to improve its sales and marketing capabilities.
The move to the...
MBA: Mortgage Applications Fell 2.3 Percent Last Week as Rates Continued to Rise
Mortgage application volume decreased 2.3% during the week ended April 26, as the average rate for a 30-year, fixed-rate mortgage increased to 7.29%, up...
A Guide For Navigating the Evolving Mortgage Landscape in 2024
In the ever-evolving landscape of mortgage finance, the year 2024 presents both challenges and opportunities that demand astute navigation. Following a period of rising...
U.S. Home Prices Continued to Rise in February, Near All-Time Highs
U.S. home prices continued their upward march in February, rising 0.4% compared with January and up 6.4% compared with February 2023, according to the...
Building Success in a Tough Market: Key Strategies for MLOs
In today's mortgage landscape, mortgage loan originators (MLOs) must find their way to success through an increasingly complex and difficult market. With the downturn...
MBA: Mortgage Lenders Lost an Average $1,056 Per Loan Originated in 2023
Mortgage lenders lost an average of $1,056 on each loan they originated in 2023, compared to an average loss of $301 per loan in...
Redfin: Flood of Inventory in Parts of Florida, Texas, Resulting in Price Cuts
A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four...
The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations
Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among...
Homebuyer Affordability Declined in March as Rates, Home Prices Increased
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...
Agile Launches Electronic Bidding for the Fourth Month in TBA MBS Market
In a move that marks a significant leap forward in the trading landscape of off-screen securities, Agile, which brings mortgage lenders and broker-dealers onto...
Mortgage Rates Continue to Rise With Average Rate for 30-Year Hitting 7.17 Percent
The average rate for a 30-year fixed-rate mortgage increased to 7.17% as of April 25, up from 7.10% last week and up from 6.43%...
Pending Home Sales Increased in March But Meaningful Gains Won’t Occur Until Rates Fall
Pending home sales increased 3.4% in March compared with February and were up 0.1% compared with March 2023, according to the National Association of...
Truv Now Integrated with BeSmartee
Truv, a provider of income, employment and asset verification solutions, is now integrated with BeSmartee, a provider of point-of-sale (POS) software for mortgage lenders.
The...