NAR Taps Housing Industry Veteran Sherry Chris as a Consultant to CEO Nykia Wright
Housing industry veteran Sherry Chris has been hired as an independent consultant and special advisor to Nykia Wright, CEO for the National Association of...
L.A. Fires Will Likely Have Significant Impact on Area Housing Market
How much of an impact will the Los Angeles wildfires have on the area housing market?
It is anticipated that this disaster will have at...
December Jobs Report Surprises
About 256,000 jobs were added to the U.S. economy in December - far better than expected - while the unemployment rate was flat compared...
First American: 2025 Will be Only Slightly Better Than 2024
It looks like 2025 could be almost as bleak as 2024 for the housing market, according to a report from First American.
The firm predicts...
Consumer Confidence in the Housing Market Dropped in December
Consumer confidence in the housing market waned in December, causing Fannie Mae’s Home Purchase Sentiment Index (HPSI) to drop 1.9 points compared with November...
Mortgage Rates Continue to Rise, With 30-Year Close to 7 Percent
Mortgage rates continued to increase this week, with the average rate for a 30-year, fixed-rate mortgage reaching 6.93%, up from 6.91% last week, according...
Mortgage Credit Availability Increased Slightly in December
Mortgage credit availability increased in December, rising 0.7% compared with November to a score of 96.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
HUD Updates Multifamily Mortgage Insurance Program Requirements
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Administration (FHA) have updated the requirements for several multifamily mortgage insurance...
Mortgage Machine Now Offers an AI-Powered Pricing Engine
Mortgage origination technology firm Mortgage Machine Services now offers an artificial intelligence (AI)-powered pricing engine that ingests and updates pricing for a lender's investors and...
Waterstone Mortgage Promotes Traci Husslein to SVP, Capital Markets
Traci Husslein has been promoted to senior vice president, capital markets at mortgage lender Waterstone Mortgage.
With the advancement, Husslein has also joined the Waterstone...
MBA: Mortgage Application Volume Falls to Start 2025
After dropping 21.9% during the final two full weeks of 2024, mortgage application volume continued to sink 3.7% during the week ended January 3,...
Freddie Mac Appoints James Whitlinger as EVP and CFO
James Whitlinger has been appointed executive vice president and chief financial officer (CFO) at Freddie Mac.
Whitlinger previously served as the company’s senior vice president...
Outamation Unveils Workflow Automation Solution for Loan Modifications
Outamation, which makes automated workflow technology for various industries including the mortgage industry, has unveiled Outamate Mods, a next generation workflow automation solution for...
CoreLogic: Home Price Growth Has Slowed During the Past Year
U.S. home prices increased 0.6% in November compared with October and were up 3.4% compared with November 2023, according to CoreLogic’s home price index....
Xactus Appoints Mike Brown as Chief Product Officer
Mike Brown has been appointed chief product officer at mortgage verifications solutions provider Xactus.
Brown previously served as the firm’s chief integration officer. He has...
Mortgage Trends in 2025: Expect the Unexpected
Clearly, 2024 was a challenging year for the mortgage industry. Although there was some hope at the start of the year that business would...
CFPB Sues Vanderbilt Mortgage & Finance for Setting Borrowers Up to Fail
Vanderbilt Mortgage & Finance, which originates loans for manufactured homes, is being sued by the Consumer Financial Protection Bureau (CFPB) for putting borrowers into...
MBA Promotes Jamie Woodwell to SVP of Commercial and Multifamily Policy
Jamie Woodwell has been promoted to senior vice president of commercial/multifamily policy and strategic industry engagement at the Mortgage Bankers Association (MBA).
Woodwell, who has...
Dark Matter Hires Brad Vasto as Chief Revenue Officer
Brad Vasto has joined loan origination software provider Dark Matter Technologies as chief revenue officer.
Vasto is joining the company just as Sean Dugan, the...
How Mortgage Servicers Can Mitigate Cybersecurity Risks
With AI-powered cybersecurity incidents - including advanced malware and ransomware attacks - becoming more prevalent, many mortgage companies will be looking to update their...