ATTOM: Foreclosure Actions Fell in November
Foreclosure filings — including default notices, scheduled auctions or bank repossessions – decreased 7% in November compared with October, but were up 5% compared...
MBA: Mortgage Credit Tightened in November as Offerings Were Reduced
Mortgage credit availability decreased 1.7% in November compared with October, falling to a score of 96.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Mortgage Subservicer Cenlar Piloting BaseCap Data Management and Regulatory Reporting
BaseCap Analytics, offering data integrity and automation solutions, is helping mortgage subservicer Cenlar enhance its compliance and deliver a better experience for borrowers through...
ARIVE Adds Wholesale Non-QM Lender Newfi to its Marketplace
Wholesale non-QM lender Newfi has joined ARIVE’s lender marketplace.
The strategic partnership will empower mortgage brokers with a one-stop shop mortgage experience to a wide...
ATTOM: New York and Chicago Were the ‘Most Vulnerable’ to Housing Market Declines in...
California, New Jersey and Illinois were the states most vulnerable to declines in the housing market in the third quarter, according to ATTOM’s Special...
Integration of Dark Matter’s Empower LOS and DocMagic Further Enhanced
Dark Matter Technologies has announced an enhanced integration between its Empower loan origination system and DocMagic’s document management platform by adding support for wholesale...
Home Prices Will Continue to Rise in 2024-2025, But at a Much Slower Pace
U.S. home prices will increase 2.4% in 2024 and 2.7% in 2025, a group of housing experts predict in a report from Fannie Mae.
According...
Rice Park Capital Forms New Advisory Board for Strategic Equity Investing
Rice Park Capital Management, a private investment firm, has formed an advisory board for its strategic equity investing strategy to help with market insight...
Freddie Mac Further Enhances Condo Project Advisor to Create New Efficiencies
Freddie Mac has made further enhancements to its Condo Project Advisor solution, allowing lenders of all sizes to bring greater efficiency to the financing...
Healthy Jobs Report for November Signals ‘Soft Landing’ Ahead for the Economy
The U.S. economy added 199,000 jobs in November - lower than the 12-month average but still above expectations - while the unemployment rate fell...
Equifax Partnering With NAMMBA to Meet Housing Needs of Underserved Communities
Equifax is partnering with the National Association of Minority Mortgage Brokers of America (NAMMBA) to help meet the housing needs of underserved communities.
NAMMBA partners...
CoreLogic: U.S. Homeowners Have Reaped Huge Equity Gains in the Past Year
Due to rising home prices, U.S. homeowners with mortgages continued to rapidly gain equity during the third quarter.
According to CoreLogic’s Homeowner Equity Report, homeowners...
Mortgage Rates Continue to Drop, With Average Rate for 30-Year at Nearly 7 Percent
Mortgage rates fell for a sixth straight week, with the average rate for a 30-year, fixed-rate mortgage dropping to 7.03%, down from 7.22% last...
Fannie Mae: 85 Percent of Consumers Say Now is a Lousy Time to Buy...
Only 14% of U.S. consumers think now is a good time to buy a home, according to the latest Fannie Mae Home Purchase Sentiment...
MX Founder Ryan Caldwell Joins FormFree Board of Directors
Ryan Caldwell, founder and executive of MX Technologies, has joined FormFree’s board of directors.
FormFree is a provider of borrower verification solutions.
Caldwell founded MX as...
MIAC Analytics Handling Sale of Agency MSR Portfolio Valued at $1.63 Billion
MIAC Analytics is facilitating the sale of a Fannie Mae, Freddie Mac, Ginnie Mae, and Federal Home Loan Bank mortgage servicing rights portfolio valued...
Allied Mortgage Group Using Smart Underwrite Solution From Gateless
Allied Mortgage Group, an equal housing lender with headquarters in suburban Philadelphia and licensed in 37 states, is now using the Smart Underwrite solution...
FormFree Appoints Solvent CEO DIVINE as Head of Culture
FormFree, which offers borrower verification solutions to the mortgage industry, has appointed former hip-hop/rap recording artist-turned-techpreneur Victor D. Lombard, professionally known as DIVINE, as...
Mortgage Applications Increased Last Week as Rates Continued to Fall
Mortgage application volume increased 2.8% during the week ended December 1, as the average rate for a 30-year, fixe-rate mortgage fell to 7.17%, down...
Connexions Payment Processing Helps Lenders Streamline Valuations
Appraisal management software provider Connexions has introduced payment processing, streamlining appraisal management.
Payment processing is a critical aspect of operations and involves navigating a variety...