Enterprise Community Partners Names Downes President of Housing Credit Investments Business
Kari Downes has been named president of Enterprise Community Partners’ housing credit investments business, among the nation’s top low-income housing tax credit syndicators.
Downes, who...
Despite Higher Rates, Mortgage Applications Surged to Start 2024
Mortgage application volume surged 9.9% during the week ended January 5, despite an increase in mortgage rates, according to the Mortgage Bankers Association’s (MBA)...
House Flipping Continued to Slow in Q3 But Profits Increased
What were the hottest markets for house flipping in the third quarter of 2023?
According to ATTOM’s Q3 2023 U.S. Home Flipping Report, Akron, Ohio;...
Consolidation Results in Mortgage Credit Availability Falling to Lowest Level Since 2012
Mortgage credit availability decreased in December, falling 4.6% compared with November to a score of 92.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
CoreLogic: Home Prices Increased 0.2 Percent in November
U.S. home prices increased 0.2% in November compared with October and were up 5.2% compared with November 2022, according to CoreLogic.
Cities that saw the...
Blue Sage Solutions Launches New Mortgage Servicing Platform
Blue Sage Solutions, a provider of mortgage technology, has launched the Blue Sage Digital Servicing Platform (DSP), enabling lenders to utilize a fully integrated...
LoanDepot Hit With Cyber Incident
LoanDepot reports that it is experiencing a cyber incident and is “working diligently to restore normal business operations as quickly as possible.”
On a dedicated...
Redfin: Home Affordability Improved in December, Due to Falling Mortgage Rates
The median U.S. housing payment is down nearly $400 from its October peak, enticing some sidelined buyers to get back in the game, according...
Rocket Companies Hire Jonathan Mildenhall as CMO
Jonathan Mildenhall is the new chief marketing officer (CMO) for Rocket Companies.
Mildenhall has more than 30 years of experience building and promoting large, brand-focused...
More Consumers ‘Confident’ That Mortgage Rates Will Decrease in the Months to Come
Although consumer confidence in the housing market remained low overall in December, consumers indicated that they have greater confidence that mortgage rates will decrease...
CoreLogic: Mortgage Delinquencies Continued to Hold at All-Time Lows in October
U.S. mortgage performance was again exceptionally solid in October, with overall delinquency, serious delinquency and foreclosure rates all continuing to hold near or at...
Another Strong Jobs Report for December but Unemployment Forecast to Rise
The U.S. economy added about 216,000 jobs in December - better than expected - and the unemployment rate was unchanged at 3.7%, according to...
Guild Mortgage Lists First Two ‘Making Paradise Home’ Initiative Homes
Guild Mortgage has listed the first two homes from its Making Paradise Home Initiative.
The affordable, sustainable manufactured homes are available for sale in Paradise, Calif.,...
ATTOM Report Reveals Counties with Highest Annual Income Required to Buy a Home
Alameda County, Calif.; Orange County, Calif.; Santa Cruz County, Calif.; Kings County, N.Y.; and Napa County, Calif., were among the top U.S. counties with the...
Freddie Mac: Mortgage Rates Increase Slightly but Are Expected to Drift Down in 2024
Mortgage rates increased slightly this week, with the average rate for a 30-year fixed-rate mortgage rising to 6.62%, up from 6.61% last week, according...
BluePoint Mortgage Deploys OptifiNow’s CRM Software
BluePoint Mortgage, a wholesale mortgage lender based in Southern California, is using OptifiNow, a provider of CRM software geared for mortgage lenders, to manage...
Mortgage Applications Fell on Higher Rates to Close Out 2023
Mortgage applications decreased 9.4% during the two-week period ended December 29, as rates began to edge back up, according to the Mortgage Bankers Association’s...
FHFA: Home Prices Increased 0.3 Percent in October
U.S. home prices increased 0.3% in October compared with September and were up 6.3% compared with October 2022, according to the Federal Housing Finance...
Ameris Bank Hires Clyde Anderson to Head Community Lending
Clyde Anderson has joined Ameris Bank as director of community lending.
Prior to joining Ameris, Anderson worked as an economic development consultant specializing in affordable...
Proposed Bill Would Ban Hedge Funds from Purchasing Single-Family Properties
Democrats in Congress have introduced a bill that, if passed, would gradually ban hedge funds from buying and owning single-family homes in the U.S.
The...