Redfin: Median Homeowner Tenure in Los Angeles Area Hit 19.4 Years in 2024
Median homeownership tenure nationwide was around 11.8 years in 2024, according to a recent report from Redfin.
That's flat compared with 2023 and down from...
Credit Reporting and Verification Solutions Provider Service 1st Hires Four Industry Veterans
Elaine Edginton recently joined Service 1st, a provider of credit reporting and borrower verification solutions, as vice president of operations, while Tom Moser recently...
Veros Launches New Third-Party Tested AVM Cascade
Valuations technology firm Veros has launched an optimized independent third-party tested AVM cascade called ValuStream.
The new solution ensures reliability and performance with independent, third-party...
MCT: Mortgage Lock Volume Increased 28 Percent Heading into Spring Season
Mortgage Capital Trading reports that it witnessed a 28% increase in mortgage lock volume across its trading platform software in February compared with January.
In...
Vice Capital Markets Integrates Fannie Mae’s Loan Pricing API Into its Trading Portal
As liquidity challenges, shifting investor appetites and evolving pricing strategies continue to dominate mortgage capital markets, efficiency in loan pricing and execution has never...
Private Lending in 2025: Liquidity Risks, DSCR Loan Growth, and the Future of Non-QM...
Investor activity is playing a crucial role in the housing market, with private lenders increasingly stepping in to provide financing where traditional banks have...
Purchase Applications Increased 7 Percent as Spring Homebuying Season Gets Underway
Mortgage application volume jumped 11.2% during the week ended March 7, as the average rate for a 30-year fixed-rate mortgage fell to 6.67%, down...
ATTOM: Foreclosure Starts Jumped 8 Percent in February
Foreclosure starts increased 8% in February compared with January and were up 1% compared with February 2024, according to ATTOM's Foreclosure Market Report.
Lenders started...
OptimalBlue: Slightly Lower Mortgage Rates in February Yielded a Surge in Refinance Lock Volume
Mortgage lock volume increased 7% in February compared with January, driven primarily by a surge in refinance activity, according to Optimal Blue's Market Advantage...
Mortgage Credit Availability Increased in February to Highest Level Since March 2023
Mortgage credit availability increased 1.4% in February compared with January, rising to a score of 100.4 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Freddie Mac Auctioning Pool of NPLs With UPB of About $290 Million
Freddie Mac is auctioning a pool of non-performing mortgage loans with unpaid principal balance (UPB) of about $290 million.
The number of loans is not...
Floify’s Dynamic Apps Lets Mortgage Lenders Tailor Applications by Loan Type
Floify, which offers a point-of-sale (POS) solution for the mortgage industry, recent introduced Dynamic Apps, a no-code feature that lets lenders tailor loan applications...
Rocket Companies to Acquire Redfin in All-Stock Transaction
Rocket Companies, which includes Rocket Mortgage, has announced its intention to acquire residential real estate platform Redfin in an all-stock transaction.
The merger, if approved,...
X5 Home Loans Now Offering Calque’s ‘Buy Before You Sell’ Loan Products
New Hampshire-based X5 Home Loans is the latest mortgage lender to offer Calque’s “Buy Before You Sell” loan products, including the Trade-In Mortgage.
The independent...
Consumers Less Confident That Mortgage Rates Will Fall Over the Next Year
Consumer confidence in the housing market fell 1.8 points in February to a score of 71.6 on Fannie Mae’s Home Purchase Sentiment Index (HSPI),...
ATTOM Report Identifies ‘Most Vulnerable’ Housing Markets in the U.S.
During the fourth quarter, California, Illinois and the New York City area had the highest concentrations of at-risk markets in the U.S., with parts...
U.S. Labor Market Remains Strong With 151,000 Jobs Added in February
About 151,000 new jobs were added to the U.S. economy in February, slightly below what had been forecast, while the unemployment rate was basically...
Floify Hires Sol Klein as Head of Client Experience and Business Operations
Sol Klein has joined Floify, which offers a point-of-sale (POS) solution to the mortgage industry, as head of client experience and business operations.
Klein is...
Mortgage Rates Fall for a Seventh Consecutive Week
Mortgage rates fell for a seventh consecutive week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.63%, down 13 basis points...
Jeff Gentry: How Lenders and Servicers Can Streamline Their Credit Reporting Processes
PERSON OF THE WEEK: Credit reporting is a critical business function for both mortgage lenders and servicers, as it is the main way they...