Unemployment Rate Flat at 4.2 Percent as U.S. Economy Adds 227,000 Jobs in November
Roughly 227,000 jobs were added to the U.S. economy in November, above expectations, while the unemployment rate was flat at 4.2%, according to the...
Rocket Mortgage Seeks to Have Appraisal-Related DOJ Lawsuit Dismissed
Rocket Mortgage reports that it has filed a suit in Federal District Court against the U.S. Department of Housing and Urban Development (HUD) to...
Calque Promotes Chandra Srivastava to Chief Revenue Officer
Chandra Srivastava has been promoted to chief revenue officer (CRO) at Calque, a fintech company providing “buy before you sell” solutions for established mortgage...
Dean Kelker, SVP and Chief Risk Officer of Singlesource Property Solutions, Retiring
Mortgage industry veteran Dean Kelker is retiring from his role as senior vice president and chief risk officer of SingleSource Property Solutions effective Dec....
WalletHub: Texas Has the Most People in Financial Distress
Texas, Louisiana, Nevada, Kentucky and Florida are the top five states where Americans are struggling the most with their debt, according to a WalletHub...
Voxtur Now Integrated With MeridianLink
Voxtur Analytics Corp., a provider of real estate technology solutions, is now integrated with MeridianLink Inc., a provider of software platforms for financial institutions...
Mortgage Rates Fall for a Second Straight Week
Mortgage rates decreased for a second straight week, as the average rate for a 30-year fixed-rate mortgage fell to 6.69%, down from 6.81% last...
Shore United Bank Using Dark Matter’s LOS and AI Virtual Assistants
Shore United Bank, a full-service community bank serving customers in Maryland, Delaware and Virginia, is now using the Empower LOS and select AIVA AI...
Rate Hires Connie Lindsay as SVP of Mortgage Lending
Connie Lindsay has joined national mortgage lender Rate as senior vice president of mortgage lending.
Lindsay has a distinguished career in mortgage banking, most recently...
Home Price Appreciation Continued to Slow in October
U.S. home prices increased 0.2% in October compared with September and were up just 3.4% compared with October 2023, according to CoreLogic’s home price...
Purchase Applications Jumped 6 Percent Last Week as Rates Continued to Fall
Mortgage application volume increased 2.8% on an adjusted basis during the week ended November 29, as the average contract rate for 30-year fixed-rate mortgage...
Farmer Mac Wraps Up Agricultural Mortgage Securitization
Farmer Mac has completed a $318.8 million securitization of agricultural mortgage loans, representing the organization’s fifth transaction in the FARM series since 2021.
The mortgage...
FHFA Sets Conforming Loan Limits for 2025
The conforming loan-limit values for residential mortgages acquired by Fannie Mae and Freddie Mac in 2025 have been set at $806,500 for one-unit properties...
NAR: Pending Home Sales Increased for a Third Month in October
Pending home sales increased for a third straight month in October, rising 2% compared with September and 5.4% year-over-year, according to the National Association...
Freddie Mac: Mortgage Rates Dropped Slightly This Week
Mortgage rates decreased slightly this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.81%, down from 6.84% last week, according...
Purchase Applications Jumped 6.3 Percent Last Week as Rates Dipped
Mortgage application volume increased 6.3% during the week ended November 22, driven mainly by a surge in purchase applications, according to the Mortgage Bankers...
MBA: Homebuyer Affordability Continued to Decrease in October
Homebuyer affordability declined in October, as the national median mortgage payment applied for by purchase applicants increased to $2,127, up from $2,041 in September,...
Case-Shiller: Home Price Growth Continued to Slow in September
U.S. home prices continued to decelerate in September, falling to an annual gain of 3.9%, down from an annual gain of 4.3% in August,...
New Home Sales Plummeted in October
New home sales in October were at a seasonally adjusted annual rate of 610,000, a decrease of 17.3% compared with September and down 9.4%...
Fannie Mae, Freddie Mac Publish Three-Year Plans to Improve Housing Opportunities
Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency...