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...
DataTrace Expands Depth of Title Plants in Eight Florida Counties
DataTrace, a provider of data and automation solutions to the title and settlement services industry, has expanded the historic depth of title plants in...
Redfin: More Than Two-Thirds of Renters Think They’ll Never Own a Home
More than two thirds of renters (38%) in the U.S. say they’ll never own a home due to lack of affordability, a recent survey...
Ginnie Mae Now Includes Pool Level Data in HMBS Program
Ginnie Mae has further expanded its low-to-moderate income (LMI) disclosure initiative to include pool-level data for its home equity conversion mortgage (HECM) mortgage-backed securities...
FHFA Names Tracy Stephan Chief Artificial Intelligence Officer
Tracy Stephan has been named chief artificial intelligence officer (CAIO) of the Federal Housing Finance Agency (FHFA).
Stephan will continue in her role leading the...
Average Rate for 30-Year Mortgage Re-Approaching 7 Percent
The average rate for a 30-year fixed rate mortgage jumped this week to 6.88%, up from 6.82% last week and up from 6.27% one...
First American: Housing Market Currently Being Driven by the ‘Five Ds’
Existing-home sales in this current market are mostly being driven by the “Five Ds” - death, divorce, diplomas, downsizing, and diapers - according to...
ATTOM: Foreclosure Filings Increased 3 Percent in Q1
There were 95,349 foreclosure filings on U.S. properties in the first quarter, an increase of 3% compared with the fourth quarter but down less...
Fannie Mae Selling Pools of Deeply Delinquent Loans
Fannie Mae is selling a pool of approximately 1,205 deeply delinquent mortgages totaling $221.9 million in unpaid principal balance (UPB) and a community impact...
Rocket Mortgage Reports Huge Efficiency Gains Using AI-Driven Underwriting
Rocket Mortgage has rolled out an artificial intelligence (AI)-driven technology platform designed to make homeownership simpler and quicker.
The new platform makes the mortgage process...
Floify, Total Expert Enable Lenders to Send Pre-Populated Applications to Borrowers
Floify, a point of sale solution for mortgage lenders, says it now pre-populates loan applications for borrowers using data on file in Total Expert.
The...
Mortgage Applications Basically Flat as Average Rate for 30-Year Rises Back to 7 Percent
Mortgage application volume inched up 0.1% on an adjusted basis during the week ended April 5, as the average rate for a 30-year mortgage...
Jason Perkins: Why Now is the Time to Spring Into Digital Marketing
Mortgage lenders have been relying on CRM software to maintain their customer relationships and grow their businesses for decades. But it’s when the housing...
Optimal Blue Promotes Rick Allen to Chief Operating Officer
Rick Allen has been promoted to chief operating officer (COO) at Optimal Blue, a provider a secondary marketing software.
Allen most recently served as chief...
Mortgage Credit Availability Increased in March, Driven by Growth in Conventional Credit
Mortgage credit availability increased 1.1% in March compared with April, rising to a score of 93.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
MCT: Mortgage Rate Lock Volume Increased 15 Percent Heading Into Home Buying Season
Mortgage rate lock volume increased 15.36% during March, according to Mortgage Capital Trading (MCT), a provider of mortgage capital markets technology.
The increase comes despite...
Fannie Mae: Consumers are ‘Adjusting Their Expectations for the Housing Market’
The percentage of U.S. consumers who say it is a good time to buy a home increased to 21% in March, up from 19%...
Optimal Blue: Average Homebuyer Credit Score Hit 737 in March
The average homebuyer credit score reached 737 in March, according to Optimal Blue's Originations Market Monitor report.
That’s an all-time high for the report, which...
ACES: Mortgage Defect Rate Continued to Fall in Q3
The rate of defects in mortgages post-closing fell to 1.67% in the third quarter of 2023, according to ACES’ Q3 2023 Mortgage QC Trends...
Another Stellar Jobs Report Fuels the Fed’s Reluctance to Cut Rates
Roughly 303,000 jobs were added to the U.S. economy in March - above expectations and far higher than the average monthly gain of 231,000...