CrossCountry Mortgage Hires Three Execs to Head Up Capital Markets
Vandad Fartaj has joined retail mortgage lender CrossCountry Mortgage (CCM) as chief investment officer.
In addition, William Chang has joined the lender as chief capital...
Fairway Mortgage Promotes Linda Davidson to President of National Branch Optimization
Linda Davidson has been promoted to the president of national branch optimization – operations, for Fairway Independent Mortgage Corp.
With a remarkable 28-year career in...
Integration Between Informative Research, ICE, Helps LOs Originate Loans Faster
Informative Research has announced a new integration with ICE Mortgage Technology that allows loan officers seamlessly pull credit and verify income, assets and employment...
Mortgage Credit Availability Increased to Highest Level Since April 2023
Mortgage credit availability increased in October, rising to a score of 99.2 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
The report,...
Mortgage Rates Flat This Week Despite Election, Fed Rate Cut
Despite the outcome of the Presidential Election and last week’s Fed rate cut, the average rate for a 30-year fixed-rate mortgage remained flat this...
MBA: Mortgage Lenders Turned a Profit in Q3 as Production Expenses Decreased
Mortgage lenders saw a pre-tax net profit of $701 on each loan they originated in the third quarter, up from $693 per loan in...
ATTOM: Foreclosure Starts, Bank Repossessions Increased in October
There were 30,784 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in October, an increase of 4% compared...
How Mortgage Lenders Can Get More Insight From the Data They Already Own
More mortgage lenders are finding a competitive advantage hiding in their own data, according to a new white paper from Redefining Business Intelligence (RBI),...
U.S. Household Debt Reached a Record $17.94 Trillion in Q3
U.S. household debt - including mortgage debt - reached a record $17.94 trillion in the third quarter, according to a WalletHub report that uses...
Voyager Title Partners With CaseMax as it Expands Into New Markets
CaseMax, a provider of case management systems, is enhancing service delivery for Indianapolis-based Voyager Title, which handles all aspects of residential and commercial real...
Mortgage QC Software Firm ACES Adds 10 New Credit Union Clients
ACES Quality Management, which offers quality control software to the mortgage industry, reports that it recently added 10 new credit union clients to its...
MBA: Mortgage Applications Fell for Refinances But Climbed for Purchases
Mortgage application volume edged up 0.5% on an adjusted basis during the week ended November 8, as the average rate for a 30-year, fixed-rate...
J.D. Power: Lenders That Advise Borrowers Through the Mortgage Process Earn Higher Satisfaction
Mortgage lenders that advise borrowers throughout the home buying process are reaping higher customer satisfaction scores, a report from J.D. Power shows.
By serving in...
Optimal Blue: Demand Drove Up Purchase Lock Volume in October Despite Rising Rates
Purchase lock volume increased 12% in October compared with September, according to Optimal Blue’s Market Advantage data report.
The increase came despite rising rates and...
Optimal Blue Promotes Two Industry Experts to Executive Roles
Erin Wester has been promoted to chief product officer while Mike Vough has been promoted to head of corporate strategy at secondary marketing software...
U.S. Homeowners Tapped Into Their Equity More in the Third Quarter
More U.S. homeowners tapped into their equity more during the third quarter, a report from ICE Mortgage Technology shows.
The firm’s latest Mortgage Monitor report...
Truv Now Integrated With Lodasoft
Truv, a provider of income, employment, asset and home insurance verification solutions, and Lodasoft, which offers a digital workflow platform designed by mortgage experts...
Mortgage Delinquency Rate Decreased Slightly in Third Quarter
The national mortgage delinquency rate for residential mortgage loans decreased slightly to a seasonally adjusted rate of 3.92% of all loans outstanding as of...
Purchase Volume Slowing as Mortgage Rates Continue to Increase
Mortgage rates continued to rise during the week ended November 7, as the average rate for a 30-year fixed-rate mortgage increased to 6.79%, up...
Nearly 90 Percent of Metro Markets Posted Home Price Increases in Q3
Single-family existing-home sales prices increased in 87% of measured metro areas in the third quarter, down from 89% in the prior quarter, according to...