Applications for Refinances Increased 10 Percent Last Week on Slight Rate Dip
Mortgage application volume increased 2.3% on an adjusted basis during the week ended February 7, as the average rate for a 30-year fixed-rate mortgage...
NAR: Home Price Growth Picked Up Steam Again in Q4
The national median single-family existing-home price was $410,100 as of the end of the fourth quarter, an increase of 4.8% compared with the fourth...
Planet Home Lending Hires Jason Mac Gloan as SVP, Correspondent Sales
Jason Mac Gloan has joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as senior vice president, correspondent sales.
Mac Gloan has...
Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January, rising 2.5% compared with December to a score of 99.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Texas Led the Way on New Home Construction in 2024
Texas had the most new home construction in 2024, accounting for 15% of housing permits in the U.S., according to a report from Realtor.com.
"The state...
Consumers Had Slightly More Optimistic View of the Housing Market in January
Consumer sentiment toward the housing market increased slightly in January compared with December, driven mainly by an increase in the number of consumers who...
50K Families Achieve Homeownership With CBC Mortgage Agency’s DPA Program
CBC Mortgage Agency (CBCMA), a Native American wholly-owned and federally chartered housing finance agency, reports that it has helped 50,000 families achieve homeownership through its...
Mortgage Delinquency Rate Increased in Q4, With FHA, VA Loans Seeing Largest Increases
The mortgage delinquency rate on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.98% as of the end of the fourth quarter,...
The Fay Group Taps Jason Biegel as President of its Capital Markets Group
Jason Biegel recently joined The Fay Group, a family of companies providing products, services and strategies in the mortgage and real estate sectors, as...
Mortgage Bankers Association Taps Matthew Gallant as Director of Member Relations
Matthew Gallant has joined the Mortgage Bankers Association (MBA) as director of member relations.
Gallant has more than 10 years of experience in the mortgage...
Bad News for Homebuyers as U.S. Job Market Stays Strong in January
The U.S. economy added about 143,000 jobs in January, according to the Bureau of Labor Statistics - and while that is less than the...
MCT: Mortgage Lock Volume Was Basically Flat in January
Mortgage lock volume dipped 0.12% in January compared with December, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets technology.
Despite a drop...
Pennymac Launches Full-Service Non-Delegated Solution
Mortgage lender and servicer PennyMac Financial Services has launched NonDel+, its first full-service non-delegated solution, as a part of its Pennymac TPO offerings.
The solution delivers an...
Mortgage Rates Drop for a Third Straight Week as Market Volatility Persists
Mortgage rates fell for a third straight week, with the average rate for a 30-year, fixed-rate mortgage dropping to 6.89%, down from 6.95% last...
Click n’ Close SmartBuy Program Now Features 30-Year, Conventional Option Approved by Freddie Mac
Mortgage lender Click n’ Close reports that its SmartBuy Shared Appreciation Mortgage (SAM) program now features a 30-year, fixed-rate conventional option approved by Freddie...
CoreLogic: Home Prices Flat in December as More Inventory Comes Online
U.S. home prices were basically flat in December compared with November but up 3.4% compared with December 2023, according to CoreLogic’s home price index.
The...
Scott Turner Confirmed as Secretary of U.S. Department of Housing and Urban Development
Scott Turner has been confirmed by the U.S. Senate as the next Secretary of the U.S. Department of Housing and Urban Development (HUD).
Secretary Turner...
Applications for Refinances Increased 12 Percent on a Slight Decrease in Mortgage Rates
Mortgage application volume increased 2.2% during the week ended January 31, with all of the increase coming from an uptick in refinances, according to...
California Wildfires Already Impacting Mortgage Performance, But February Payments Will Tell Full Story
The wildfires in Southern California are likely to have some impact on loan performance - but the full brunt will not be known until...
Dark Matter Technologies Breaks Into the Servicing Market
Dark Matter Technologies is breaking into the mortgage servicing market with the launch of its Dark Matter servicing platform.
This strategic move positions Dark Matter...