Motto Mortgage Opens New Location in Santa Clarita
Motto Mortgage, a national mortgage brokerage franchise focused on transparency and compliance, reports that it has opened a new office in Santa Clarita, Calif.
The new...
Is the ‘Lock-In Effect’ the Only Reason Home Sales Have Stalled?
One of the primary reasons home sales have stalled in 2023 is rising mortgage interest rates.
With the average rate for a 30-year fixed-rate mortgage...
Rocket Mortgage Continues to Enhance its Pathfinder Tool
Rocket Mortgage is adding new features and capabilities to its Pathfinder tool, an AI and machine learning-powered search engine used by mortgage bankers, brokers...
MeridianLink Launches Redesigned Partner Marketplace
Loan origination software firm MeridianLink has launched a redesigned partner marketplace that gives customers the opportunity to collaborate with hundreds of software providers to...
CoreLogic: Mortgage Delinquency Rate Continued to Edge Down in August
The U.S. mortgage delinquency rate continued to decrease to all-time lows in August.
According to CoreLogic’s Loan Performance Insights Report, the overall national mortgage delinquency...
Biden Administration Seeks to Boost Commercial-to-Residential Building Conversions
In an effort to boost housing supply, the Biden-Harris administration is encouraging communities and developers to explore more commercial-to-residential conversions.
To that end, the White...
MBA: Homebuyer Affordability Improved Slightly in September
Homebuyer affordability improved slightly in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage...
Agile Adds HilltopSecurities to its Broker-Dealer Network
HilltopSecurities, a full-service investment bank and wealth advisory firm, has joined Agile’s broker-dealer network.
Agile clients already approved with HilltopSecurities will automatically see the firm...
Freddie Mac: Mortgage Rates Increase For a Seventh Consecutive Week
The average rate for a 30-year fixed-rate mortgage inched closer to 8% this week, rising to 7.79%, up from 7.63% last week, according to...
NAR: Pending Home Sales Increased Slightly in September
Pending home sales eked-out an increase of 1.1% in September, according to the National Association of Realtors (NAR), but total sales volume is so...
CaseMax Teams With Provana to Automate Bankruptcy E-Filing
CaseMax, which provides case management systems to law firms operating in the financial services industry, has partnered with Provana, which offers a suite of...
MBA: Delinquency Rates for Commercial and Multifamily Mortgages Jumped in Q3
Delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter, according to the Mortgage Bankers Association's (MBA) latest commercial...
New Home Sales Jumped 12.3 Percent in September, Despite Rising Mortgage Rates
After slumping the previous month, new home sales in September were at a seasonally adjusted annual rate of 759,000, up 12.3% compared with August...
Mortgage Applications Fall to Slowest Pace Since 1995 as 30-Year Approaches 8 Percent
Mortgage application volume dipped 1.0% during the week ended October 20, as the average rate for a 30-year fixed-rate mortgage increased to 7.90%, up...
Zillow: More Than a Third of Prospective Buyers Open to Purchasing a Haunted House
How bad is the housing supply shortage?
A recent survey from Zillow survey finds that 35% of prospective buyers would buy a haunted house if...
Freddie Mac Sells 88 Non-Performing Loans to GITSIT Solutions and VRMTG ACQ
Freddie Mac recently sold 88 non-performing residential first lien loans valued at $19.1 million from its mortgage-related investments portfolio to GITSIT Solutions and VRMTG...
Community Reinvestment Act Gets Modernized – But Will Lenders Be Challenged to Comply?
Revisions to the Community Reinvestment Act (CRA) were signed into effect Tuesday by the Board of Governors of the Federal Reserve System, the Federal...
Essent Further Integrates With Mortgage Cadence
Mortgage insurance provider Essent is now integrated with Mortgage Cadence’s Loan Fulfillment Center (LFC).
“We are pleased to expand our integration with Mortgage Cadence to...
Non-QM Wholesale Lender Solve Mortgage Looks Forward to Growth, Using OptifiNow
Solve Mortgage, a non-QM wholesale lender based in Calabasas, Calif., is using OptifiNow TPO, a CRM platform built exclusively for wholesale mortgage lenders.
The solution...
DOJ Penalizes Mortgage Lender Ameris Bank $9 Million for Alleged Redlining
Ameris Bank will pay $9 million in penalties following a Department of Justice ruling that the mortgage lender engaged in redlining in predominately Black...