Wait and See: FOMC Maintains Fed Funds Rate
As was expected, the Federal Open Market Committee (FOMC) today voted unanimously to maintain the fed funds rate in the range of 4.25% to...
Mortgage Applications Jumped Last Week as Average Rate for 30-Year Fell to 6.84 Percent
Mortgage application volume surged 11% during the week ended May 2, as the average rate for a 30-year fixed-rate mortgage dropped to 6.84%, down...
Blend Labs Integrates With Glia to Stop Application Abandonment
Blend Labs, which offers a loan origination platform that enhances the customer experience and streamlines operations, is newly integrated with Glia, which offers unified human...
CRE Finance Council’s Sairah Burki and David McCarthy Discuss Anticipated Regulatory Environment Under Trump
What impact will the Trump Administration’s regulatory and legislative priorities have on CRE finance market participants? In a wide-ranging interview with MortgageOrb, Sairah Burki,...
Prudent AI Introduces One-Touch Pre-Qualification Platform
Prudent AI, which offers AI-powered lending software for capturing broader lending markets including non-agency, has launched Prudent AI Upfront, a “one-touch” pre-qualification platform for...
Mortgage Cadence Hires Lokesh Pathak as Chief Information Officer
Lokesh Pathak has joined Mortgage Cadence, an Accenture Company, as chief information officer (CIO).
Lokesh has more than 27 years of experience in engineering, product...
ICE: First-Time Homebuyers Accounted for 58 Percent of Agency Purchase Loans in Q1
First-time homebuyers accounted for a record share of agency purchase lending in the first quarter, as higher interest rates continued to dampen repeat buyer...
First American: Income Growth is Now Outpacing Home Price Appreciation Nationally
U.S. home prices barely budged in February, rising 0.5% compared with March and rising only 1.8% compared with February 2024, according to First American’s...
U.S. Economy Added 177,000 Jobs in April as Unemployment Rate Remains Flat
About 177,000 payroll jobs were added to the U.S. economy in April, while the unemployment rate remained flat at 4.2%, according to the U.S....
FHFA: Home Prices Barely Increased in February
U.S. home prices increased a mere 0.1% in February compared with January and increased only 3.9% compared with February 2024, as home price growth...
MBA Taps John Lammle as AVP of CRE Finance
John Lammle has joined the Mortgage Bankers Association (MBA) as associate vice president of commercial real estate finance.
Lammle has held ascending roles at the...
Westcor Land Title Insurance Co. Promotes Matt Ryden to Western States Senior Counsel
Matt Ryden has been promoted to western states senior counsel at Westcor Land Title Insurance Co.
Ryden joined Westcor as underwriting counsel in 2014. Prior...
Stewart Title Insurance Co. Merges With Stewart Title Guaranty Company in New York
Stewart Title Insurance Co. has merged with Stewart Title Guaranty Company in New York.
Both are owned by Stewart Information Services Corp.
The combined company will...
Case-Shiller: Home Prices Continued to Rise in February – But at a Slower Pace
U.S. home prices increased 0.3% on an adjusted basis in February compared with January and were up 3.9% compared with February 2024, according to...
Mortgage Software Firm FICS Announces New Leadership Structure Taking Effect January 2026
Susan Graham plans to step down from her role as president for mortgage software firm Financial Industry Computer Systems, Inc. (FICS), as part of...
Mortgage Rates Decreased This Week, Average Rate for 30-Year Fell to 6.76 Percent
Mortgage rates decreased this week, with the average rate for a 30-year, fixed-rate mortgage dropping to 6.76%, down from 6.81% last week, according to...
UWM Brings its Servicing In-House, Signs Deal to Use ICE Mortgage Technology’s MSP
United Wholesale Mortgage (UWM) is bringing its servicing in-house and has signed a long-term agreement to license ICE Mortgage Technology’s MSP loan servicing system.
Selecting MSP...
Mortgage Applications Fell Last Week as Economic Uncertainty Persists
Mortgage application volume fell 4.2% during the week ended April 25, as the average rate for a 30-year, fixed-rate mortgage dipped slightly to 6.89%,...
Total Expert Now Bidirectionally Integrated With Empower LOS
Total Expert, which offers customer engagement software, has launched a new, two-way integration with the Empower loan origination system (LOS) from Dark Matter Technologies.
This integration allows...
Envoy Mortgage Using Down Payment Resource to Connect Borrowers to Homebuyer Assistance Programs
Envoy Mortgage is now using Down Payment Resource (DPR), a provider of technology that connects homebuyers with homebuyer assistance programs.
The move follows a successful...