Pending Home Sales Falling Through at Record Rates as Buyers Recoil From Sticker Shock
One in seven pending home sales in the U.S. are getting canceled, the highest share on record for this time of the year, due...
MMI Names Kortney Lane-Schafers Vice President of Growth and Client Advocacy
Kortney Lane-Schafers has been promoted to vice president of growth and client advocacy at Mobility Market Intelligence (MMI), which offers data intelligence and market...
Rate Names Shant Banosian President of Rate Mortgage
Shant Banosian has been named president of Rate Mortgage.
Banosian will partner with Victor Ciardelli, CEO and president of Rate Companies, to help take Rate...
Fannie Mae Selling Pool of 3,141 Reperforming Loans With UPB of About $559.8 Million
Fannie Mae is auctioning a pool of approximately 3,141 reperforming mortgage loans as part of its ongoing effort to reduce the size of its...
Mortgage Applications Surged 20 Percent Last Week as Rates Fell
Mortgage application volume surged 20.4% during the week ended February 28, as the average rate for a 30-year fixed-rate mortgage dropped to 6.73%, down...
Cloudvirga Announces Enhanced Integration Between Horizon Retail POS and Encompass Partner Connect
Cloudvirga reports that it has completed an enhanced integration for its Horizon Retail POS product and Encompass Partner Connect, the latest API framework for...
Xactus Teams With FICO to Bring New FICO Score Mortgage Simulator to Market
Xactus, a provider of verification solutions to the mortgage industry, is partnering with FICO to bring the new FICO Score Mortgage Simulator to market.
“We...
TransUnion and Truework Enhance Their Integration
TransUnion has enhanced its partnership with Truework, an income and employment verification provider, to give mortgage lenders more encompassing and reliable access to the...
FirstClose Hires John Aslanian as Chief Revenue Officer
John Aslanian has joined FirstClose, a provider of data and workflow solutions for mortgage and home equity lenders, as chief revenue officer (CRO).
Aslanian has...
Property Insurance Costs Skyrocketed an Average 14 Percent Last Year
Property insurance costs for mortgaged single-family homes increased a record $276 - or 14% - to an average of $2,290 per year in 2024,...
Mortgage Cadence Launches Ready-to-Use, Pre-Configured LOS
Mortgage Cadence, an Accenture company, has launched MCP Essentials, the latest version of its Mortgage Cadence Platform (MCP).
This ready-to-use, pre-configured loan origination system (LOS)...
ATTOM: Mortgage Origination Volume Fell 3 Percent During the Fourth Quarter
About 1.64 million residential mortgages were issued in the U.S. during the fourth quarter - a decrease of 3% compared with the third quarter...
SingleSource Property Solutions Promotes Ashley Abbondanza to Chief Innovation Officer
Ashley Abbondanza has been promoted to chief innovation officer at SingleSource Property Solutions, a provider of residential property services supporting the U.S. housing industry.
Abbondanza...
Embrace Home Loans Hires Donny Panasis to Head Viera, Florida Branch
Mortgage veteran Donny Panasis has joined Embrace Home Loans as branch manager of its Viera, Florida office, where he and his team will originate...
AI-Driven Fraud Poses a Serious Threat to the Mortgage Industry
Artificial intelligence is beginning to play a positive role in the mortgage origination process - from applications to verifications to valuations to closings and...
A&D Mortgage Securitizes Pool of 1,290 Loans
A&D Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), is has launched its latest securitization, a $458.93 million transaction backed by a...
Westcor Land Title Insurance Company Promotes Bettina Arthur to VP, Sales Enablement
Bettina Arthur has been promoted to vice president of sales enablement at Westcor Land Title Insurance Company.
Arthur has more than 30 years of diverse...
Mortgage Delinquency Rate Flat in December as Loan Performance Remains Strong
The U.S. mortgage delinquency rate was flat in December compared with November, at 3.1%, according to CoreLogic.
Early-stage delinquencies (30 to 59 days past due) represented...
MBA: Homebuyer Affordability Decreased in January
The average monthly mortgage payment applied for by purchase applicants increased to $2,205 in January, up from $2,127 in December, indicating that home purchases...
MCT Introduces Generative AI Advisor for Mortgage Capital Markets
Mortgage Capital Trading (MCT) has released a new AI adviser for mortgage capital markets called Atlas.
Now available within the MCTlive! platform, Atlas serves as...