Kind Lending Hires Jenn Stears as Branch Manager
Jenn Stears has joined Kind Lending as the branch manager of its latest branch located in Daytona Beach, Fla.
Stears has been a prominent figure...
Housing Market Activity Will Pick Up in 2025, But it Will Be a Bumpy...
Zillow is predicting a more active housing market in 2025, but those hoping to buy — or even refinance — should buckle up for...
Mortgage Delinquencies Down Slightly in October
The U.S. mortgage delinquency rate dropped slightly in October compared with September to reach 3.45% of all loans, according to ICE Mortgage Technology’s First...
University Bank Using Ardley Technologies as Part of Portfolio Retention Strategy
University Bank, which lends nationwide through conventional, faith-based, first mortgage, HELOC and reverse channels, has selected Ardley Technologies to drive its portfolio retention strategy.
Specifically,...
Trump Appoints Former Texas State Rep. Scott Turner as HUD Secretary
Former Texas state Rep. Scott Turner has been appointed by the incoming Trump administration to serve as secretary of the U.S. Department of Housing...
Mortgage Originations Increased 1.9 Percent in Q3
Mortgage origination volume increased 1.9% during the third quarter, according to ATTOM’s U.S. Residential Property Mortgage Origination Report.
About 1.67 million residential mortgages were issued...
Existing-Home Sales See First Year-Over-Year Increase in More Than Three Years
After falling for three straight months, existing-home sales turned the corner and increased 3.4% in October compared with September, reaching a seasonally adjusted annual...
Rate Hires Jesse Q. Allen and Greg Pahel to Head Reverse Lending
Jesse Q. Allen has joined national mortgage lender Rate as president of its reverse mortgage division while Greg Pahel has joined the lender as...
Mortgage Rates Continue to Rise as Average Rate for a 30-Year Approaches 7 Percent
Mortgage rates continued to rise this week, with the average rate for a 30-year, fixed-rate mortgage increasing to 6.84%, up from 6.78% last week,...
ACES: Rate of Critical Defects Jumped in the Second Quarter
The rate of critical defects found in mortgages post-closing increased to 1.81% of all loans in the second quarter, according to ACES Quality Management...
Mortgage Applications Up Slightly Despite Higher Rates, Driven by FHA Volume
Mortgage application volume edged up 1.7% on an adjusted basis during the week ended November 15, despite mortgage rates moving higher, according to the...
Applications for New Home Purchases Jumped 3 Percent in October
Applications for mortgages for new home purchases increased 3% in October compared with September and were up 8.2% compared with September 2023, according to...
Home Price Growth Stabilized in October After Slowing for Nine Months
Home prices decreased 0.5% in October compared with September but were up 3.8% compared with October 2023, according to First American’s home price index.
Home...
CHLA Requests Ginnie Mae to Allow Loan-Level Pooling
Due to increasing concern that Ginnie Mae issuers cannot transfer loans within a pool to transact a full loan mortgage servicing right (MSR) sale,...
Housing Starts Slowed in October as Rates Went Back on the Rise
Housing starts slipped in October, falling to a seasonally adjusted annual rate of 1.311 million, a decrease of 3.1% compared with the revised September...
Snapdocs Report Shows E-Closing Technology is a Game Changer for Mortgage Lenders
E-closing technology is a game-changer for mortgage lenders in optimizing their secondary market strategies, a research report from Snapdocs shows.
The report, conducted in partnership...
Share of Mortgages in Forbearance Plans Increased in October
The share of mortgages in forbearance increased to 0.47% as of October 31, up from 0.34% at the end of September, according to the...
Sam Valverde Steps Down as Acting President of Ginnie Mae, Gregory Keith to Assume...
Sam Valverde, acting president of Ginnie Mae, will step down effective November 30.
Valverde has served as acting president of Ginnie Mae since May. He...
Cornerstone Home Lending Promotes Jay Crowell to President of National Retail Division
Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending.
Crowell joined Cornerstone Home Lending...
MCT: Mortgage Lock Volume Increased 2.5 Percent in October
Despite market volatility, mortgage lock volume increased 2.5% in October compared with September, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets...