Bindiya Jain: To Personalize Offerings, Mortgage Lenders Should Look at Both Credit and Property...
PERSON OF THE WEEK: Mortgage lenders are struggling in this challenging market. As a result, many are turning their focus on their existing customers...
Case-Shiller: Home Prices ‘Continued to Drive Higher’ in January
U.S. home prices increased 0.4% on an adjusted basis in January compared with December and were up 6.0% compared with January 2023, according to...
Redfin: New Listings Continue to Increase, Bringing Some Buyers Back to Market
The total number of U.S. homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023,...
New Home Sales Subdued by Higher Mortgage Rates in February
New home sales were at a seasonally adjusted annual rate of 662,000 in February, down 0.3% compared with January but up 5.9% compared with...
Fannie Mae: Mortgage Rates Likely to Remain ‘Higher for Longer’
Mortgage rates will likely remain “higher for longer” than previously forecast, according to Fannie Mae’s Economic and Strategic Research (ESR) Group.
Because the job market...
Floify Introduces Per-Loan Pricing Option for Mortgage Lenders
Mortgage point-of-sale (POS) solutions provider Floify has launched Lender Edition, a flexible per-loan pricing option for mortgage lenders.
Floify Lender Edition is the counterpart to...
ATTOM: 2023 Not a Good Year for Home Flipping
As most would expect, last year was a disappointing year for home flipping, as affirmed by ATTOM’s 2023 U.S. Home Flipping Report.
The firm’s data...
Truv Verifications Soon to be Available Through Fannie Mae’s Desktop Underwriter
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier...
Forta Solutions Reports First Warehouse Loan Funded Through its Agility Platform
Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which...
GSEs’ Loan Forbearance Numbers Continued to Drop in Q4 2023
The Federal Housing Finance Agency’s (FHFA) fourth-quarter 2023 Foreclosure Prevention and Refinance Report shows that Fannie Mae and Freddie Mac completed 43,903 foreclosure prevention...
The Mortgage Collaborative Brings Blue Sage Solutions Interim Servicing Solution to Members
The Mortgage Collaborative has added mortgage technology firm Blue Sage Solutions to its roster, allowing the consortium to deliver the Blue Sage Digital Servicing...
ICE: Mortgage Delinquencies Fell in February as Loan Performance Remained Strong
The U.S. mortgage delinquency rate fell to 3.34% in February, a decrease of 1.29% compared with January and down 3.24% compared with February 2023,...
Former FHFA Chief Fintech Officer Jason Cave Joins Board of Advisors at Argyle
Jason Cave, former chief fintech officer and deputy director for the FHFA, has joined the board of advisors at Argyle, a provider of automated...
Mortgage Collaborative Adds Click n’ Close’s Correspondent Loan Program
Multistate mortgage lender Click n' Close is now a preferred partner with The Mortgage Collaborative (TMC), a consortium dedicated to providing mortgage lenders with...
Mortgage Rates Back on the Rise as Spring Homebuying Season Heats Up
After decreasing the previous two weeks, mortgage rates went back on the rise this week, with the average rate for a 30-year, fixed-rate mortgage...
NAR: Existing-Home Sales Jumped 9.5 Percent Month-Over-Month in February
Existing-home sales were at a seasonally adjusted annual rate of 4.38 million in February, an increase of 9.5% compared with January but down 3.3%...
MBA: Mortgage Applications Dipped Last Week as Rates Edged Up
Mortgage application volume dipped 1.6% during the week ended March 15, as the average rate for a 30-year fixed-rate mortgage increased to 6.97%, up...
Freddie Mac Appoints Michael T. Hutchins as Interim CEO
Michael T. Hutchins will serve as the interim CEO for Freddie Mac as the company continues its search for a permanent CEO.
Hutchins also will...
Fifth Third Bank Moving to ICE’s Encompass and MSP Core Systems
Fifth Third Bank is moving its origination and servicing operations to the end-to-end mortgage technology ecosystem from Intercontinental Exchange, Inc. (ICE).Using the Encompass and...
Housing Starts Surged 10.7 Percent in February as Builder Sentiment Brightened
Housing starts surged to a seasonally adjusted annual rate of 1.521 million in February, an increase of 10.7% compared with January and an increase...