Pending Home Sales Decreased in January as Mortgage Rates Went Back on the Rise
Pending home sales fell 4.9% in January compared with December and were down 8.8% compared with January 2023, according to the National Association of...
FHFA: U.S. Home Prices Increased 6.5 Percent Over the Last Year
U.S. home prices increased 1.5% in the fourth quarter compared with the third quarter and were up 6.5% compared with the fourth quarter of...
Mortgage QC and Risk Management Services Firm Adfitech Taps Kim Hoffman as President
Kim Hoffman, CMB, AMP, has been appointed the new president of Adfitech, which offers quality control and risk management services to the mortgage industry.
Adfitech...
MBA: Mortgage Applications Dropped Last Week Despite Dip in Rates
Mortgage application volume fell 5.6% during the week ended February 23, as the average rate for a 30-year, fixed-rate mortgage fell to 7.04%, down...
Case-Shiller: Home Prices Continued to Rise Steadily in December
U.S. home prices increased 0.2% on an adjusted basis in December compared with November and were up 5.5% compared with December 2022, as the...
Click n’ Close Taps Polly Cracchiolo as an AE for its TPO Sales Team
Polly Cracchiolo has joined Click n' Close’s third-party originator (TPO) sales team as an account executive.
Click n' Close is a multi-state mortgage lender serving...
New Home Sales Increased in January as Economic Data Improved
New home sales in January were at a seasonally adjusted annual rate of 661,000, an increase of 1.5% compared with December and an increase...
Todd Maki: Digital Closings Transform the Borrower Experience
PERSON OF THE WEEK: Digital closings - including hybrid and all-digital - have been in use for years now, but mortgage technology companies continue...
Mortgage Subservicer LoanCare Updates its Mobile App
Following the launch of its redesigned website earlier this month, mortgage subservicer LoanCare has updated its My LoanCare Go mobile app.
With the new app,...
Fannie Mae Taps Peter Akwaboah as EVP and COO
Peter Akwaboah has been appointed executive vice president and chief operating officer of Fannie Mae, effective May 20, 2024.
Akwaboah has nearly three decades of...
MBA: Average Rate for 30-Year Almost Hit 7 Percent This Week
The average rate for a 30-year fixed-rate mortgage increased to nearly 7% this week.
It was the third consecutive week that mortgage rates increased, according...
Xactus Promotes Michael Crockett to Chief Operating Officer
Michael Crockett has been promoted to chief operating officer for Xactus, which offers borrower verifications for the mortgage industry.
Crockett has more than 25 years...
NAR: Existing-Home Sales Increased 3.1 Percent in January as Inventory Increased
Existing-home sales increased in January, rising 3.1% compared with December but down 1.7% compared with January 2023, according to the National Association of Realtors...
Clear Capital Updates Universal Data Collection Product to Align with UPD
Clear Capital has updated its proprietary data collection product Universal Data Collection (UDC) to deliver the Uniform Property Dataset (UPD), Fannie Mae and Freddie...
Mortgage Cadence Launches New Version of LOS
Mortgage Cadence, an Accenture company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS).
The company launched MCP in 2021...
Mortgage Applications Plummeted Last Week as Average Rate for a 30-Year Rose Above 7...
Mortgage application volume dropped 10.6% last week as the average rate for a 30-year fixed-rate mortgage increased to 7.06%, up from 6.87% the previous...
First American: Annual Home Price Growth May Have Peaked in December
U.S. home prices increased 0.3% in December compared with November and were up 7.2% compared with December 2022, according to First American’s home price...
Dark Matter Empower LOS Now Integrated with Truv Income and Employment Verifications
Truv, which offers income and employment verifications, is now integrated with Dark Matter Technologies' Empower LOS and Exchange Service Network.
The integration accelerates loan processing,...
MBA: With Regard to Forbearance, Mortgage Servicers Now Have ‘Different Rules Of Engagement’
The share of mortgage loans in forbearance continued to fall in January, reaching a mere sliver of what it was following the start of...
Redfin: Housing Market Lost Some Steam in January
The housing market slowed down in January as mortgage rates went back on the rise mid-month and home prices increased more rapidly, according to...