Mortgage Applications Fell Last Week as 30-Year Increased to an Average 7.24 Percent
Mortgage application volume decreased 2.7% during the week ended April 19, as the average rate for a 30-year fixed-rate mortgage increased to 7.24%, up...
Loan Performance Remained Stable in March, ICE’s First Look Report Shows
Mortgage delinquencies were at a rate of 3.2% as of the end of March, a decrease of 4.15% compared with February but up 9.4%...
Informative Research Hires Kurt Raymond as Senior Vice President
Mortgage industry veteran Kurt Raymond, CMB, has joined Informative Research as senior vice president and borrower journey engineer.
Raymond co-founded mortgage industry consulting firm Excelerate Advisors...
New Home Sales Jumped in March Despite Higher Mortgage Rates
New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% compared with February and up 8.3%...
Research Shows Snapdocs Accelerates Loan Production Timeline
Research conducted by STRATMOR Group shows that mortgage lenders using Snapdocs’ e-closing platform are 18 days faster than industry peers across the loan production...
Corporate Settlement Solutions Appoints Ashley Jelinek CEO
Ashley Jelinek is the new CEO of Corporate Settlement Solutions (CSS), a regional provider of residential and commercial real estate settlement solutions.
With the new...
Angel Oak Announces Fourth Securitization for the Year
Angel Oak Capital recently announced its fourth securitization of 2024, bringing its total issuance for the year to approximately $1.4 billion.
The four securitizations have...
Alanna McCargo Stepping Down as Ginnie Mae President
Alanna McCargo has resigned from her post as president of Ginnie Mae, effective May 3.
Sam Valverde, principal executive vice president, will serve as acting...
Mortgage Bankers Association Taps Alicia Goncalves as Director of Associate Membership
Alicia Goncalves, CMB, has joined the Mortgage Bankers Association (MBA) as director of associate membership.
Before joining MBA, Goncalves served as senior customer success manager...
FormFree Enhances Passport Wallet
FormFree has enhanced its Passport Wallet solution by adding a new user interface that makes it easier for consumers to understand their ability to...
Average Rate for 30-Year Crosses 7 Percent for First Time in 2024
The average rate for a 30-year fixed-rate mortgage increased to 7.10% this week, up from 6.88% last week, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Fell 4.3 Percent in March, Ending Rebound
Existing-home sales plummeted 4.3% in March compared with February, falling to a seasonally adjusted annual rate of 4.19 million, and were down 3.7% compared...
MBA: Commercial Mortgage Delinquency Rates Basically Flat in Q1
Overall, delinquency rates for commercial mortgages were flat during the first quarter compared with the second quarter, but loans backed by office properties continued...
Fannie Mae: Home Prices Increased 1.7 Percent in Q1
Single-family home prices increased 1.7% in the first quarter compared with the second quarter and were up 7.4% compared with the first quarter of...
MBA: Mortgage Applications Increased Last Week Despite Rising Rates
Mortgage application volume increased 3.3% during the week ended April 12, driven mainly by a 5% increase is purchase applications, according to the Mortgage...
Housing Starts Slowed in March as Market Starved for Inventory
By most measures, March was a bad month for U.S. housing starts, due mainly to stubborn inflation, rising rates and a Federal Reserve that...
Dovenmuehle Taps Aaron Belovsky as Chief Data Officer
Aaron Belovsky has joined subservicer Dovenmuehle Mortgage as chief data officer (CDO).
Belovsky has more than two decades of software engineering experience. Most recently, he...
MBA: Applications for New Home Purchases Increased 1 Percent in March
Applications for mortgages for new home purchases increased 1% in March compared with February and were up 6.2% compared with March 2023, according to...
Option for Shared Appreciation Now Included with Click n’ Close DPA Mortgage Product Suite
Multi-state wholesale and correspondent mortgage lender Click n’ Close has expanded its suite of down payment assistance (DPA) loan products to include a shared...
LenderLogix Data Shows Increase in Home Buying Activity in Q1
LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, has released its first-quarter Homebuyer Intelligence...