Westcor Land Title Insurance Co. Adds Ward Graham as Underwriting Counsel
Ward Graham has joined Westcor Land Title Insurance Company as underwriting counsel in the New England region.
“I am thrilled to have Ward Graham, one of...
U.S. Homeowner Equity Hit $16.4 Trillion in Q3
U.S. homeowners collectively had $16.4 trillion in home equity as of the third quarter - $10.6 trillion of which is available to borrow against...
ICE: U.S. Housing Market is the Least Affordable Since 1984
For the past three decades, the principal and interest (P&I) payment needed to purchase a median-priced home averaged at around 25% of the median...
The Closing Exchange Now Integrated With Simplifile eSign Events from ICE Mortgage Technology
The Closing Exchange (TCX), which offers closing technology, AI document processing, mobile closing, and remote online notarization services, has announced a new integration with...
CondoTek and MGIC Launch New Condominium Compliance Solution
CondoTek and Mortgage Guaranty Insurance Corporation (MGIC) have launched a new All-In-One Condominium Compliance solution available through CondoTek.
CondoTek’s Condo Project Warrant (CPW) will now...
MCT: Mortgage Rate Lock Volume Dropped Again in October With No Recovery in Sight
Mortgage rate lock volume dropped 17.76% in October compared with September according to hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT).
Loan...
BLS: Job Growth Slowed in October
Job growth slowed in October as the unemployment rate increased slightly to 3.9%, according to the U.S. Bureau of Labor Statistics.
The economy generated 150,000...
ATTOM: Zombie Foreclosures Are a Thing of the Past – Or Are They?
Do Zombie foreclosures still exist?
They do - but unlike the sub-prime crisis of the late 2000s and early 2010s they represent only a tiny...
CoreLogic Adds More Options to its AutomatIQ Borrower Verification Solution
CoreLogic has updated its AutomatIQ Borrower VOE/I borrower verification solution with new capabilities.
The solution now offers a combination of four different verification options, enabling...
Luminate Home Loans Using Cloudvirga’s Wholesale Platform
Luminate Home Loans is using the Cloudvirga Horizon Wholesale Platform to optimize efficiency within its wholesale mortgage division.
By implementing the Horizon Wholesale platform, Luminate’s...
Mortgage Rates Flattened This Week
Mortgage rates were basically flat this week, as the average rate for a 30-year fixed-rate mortgage dropped slightly to 7.76%, down 7.79% last week,...
NAHB: Despite Higher Mortgage Rates, Many Americans Still Desire Homeownership
Despite mortgage rates topping 7%, Americans persist in their desire to buy a home, a report from the National Association of Home Builders (NAHB)...
FOMC Opts to Keep Fed Funds Rate Flat For Now
Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...
Accurate Group Acquires Voxtur Appraisal Services
Accurate Group, a provider of real estate appraisal, title data, analytics, and e-closing solutions, has acquired Voxtur Appraisal Services, an appraisal management company (AMC)...
Mortgage Applications Continued to Fall, Despite Dip in Rates
Mortgage application volume fell 2.1% during the week ended October 27 as the average rate for a 30-year fixed-rate mortgage dropped to 7.86%, down...
Homebuyer Readiness Program Launched by Convergence Columbus
Convergence Columbus - a cross-sector partnership and multi-year initiative focused on increasing minority homeownership in Columbus, Ohio - has launched the Bloom614 Homebuyer Readiness...
FHFA: Home Prices Increased 0.6 Percent in August
Home prices for mortgages sold through Fannie Mae and Freddie Mac increased 0.6% in August compared with July and were up 5.6% compared with...
Case-Shiller: Home Prices Continued to Surge in August, in Defiance of Rising Rates
Despite rising mortgage rates, U.S. home prices continued to surge in August, increasing 0.9% compared with July and up 2.6% compared with August 2022,...
Prospective Homebuyers Have a New Way to Save With a Homebuyer 401(k) from Foyer
Mortgage rates have nearly doubled since 2021, leaving more than 10 million borrowers who otherwise could have become homeowners left on the sidelines. Exacerbating...
Evergreen Home Loans Selects Clarifire to Automate Servicing Workflows
Evergreen Home Loans has selected workflow automation solutions firm Clarifire as its servicing workflow application.
Evergreen, which has a servicing portfolio of $10 billion, plans...