Mortgage Bankers Association Names Mark Jones as its New Chairman
Mark Jones, president of Union Home Mortgage, is the new chairman of the Mortgage Bankers Association (MBA).
The news was announced during the association’s 2023...
MBA: Mortgage Origination Volume Forecast to Jump 19 Percent in 2024
Mortgage origination volume will reach $1.95 trillion in 2024 - up from the $1.64 trillion expected in 2023 - according to the Mortgage Bankers...
National MI Partners With TRUE to Deliver AI-Driven Loan Automation
National Mortgage Insurance Corp., a subsidiary of NMI Holdings, has partnered with TRUE, a provider of AI-driven loan decisioning technology, to streamline operational capabilities...
U.S. Home Prices Surged in September as Buyers Scoured the Dwindling Supply
U.S. home prices surged in September, as sellers sat on the sidelines and buyers chased what few homes were available for sale.
According to the...
FHFA Takes Further Steps to Reduce Loan Repurchase Requests
The Federal Housing Finance Agency (FHFA) is taking further action to reduce repurchase requests from Fannie Mae and Freddie Mac, which spiked in 2022...
Dark Matter Adds Mortgage Technology Veteran Stephanie Durflinger as Chief Product Officer
Stephanie Durflinger has joined Dark Matter Technologies, a new mortgage lending technology firm, as chief product officer.
Durflinger is a 15-year mortgage technology veteran. She...
FormFree Taps Jenny Moss as Director of Marketing
Communications and marketing professional Jenny Moss has joined software firm FormFree as director of marketing.
Moss joins FormFree from Depth PR, a boutique PR and...
Mortgage Lenders Can Now Count Income from ADUs When Underwriting FHA Loans
Mortgage lenders can now count income from accessory dwellings when underwriting Federal Housing Administration (FHA) loans.
The new policy aims to “help households of more...
Mortgage Industry Veteran Steve Thomas Launches New Correspondent Lender, FutureWave
Steve Thomas, former senior managing director, mortgage capital markets, for the Federal Home Loan Bank of Chicago, has launched FutureWave, a new minority-owned national...
Fannie Mae: Home Price Growth Slowed in the Third Quarter
Single-family home prices increased 5.3% from the third quarter of 2022 to the third quarter of 2023, up from the previous quarter's revised annual...
BSI Financial Services Selected as Backup Asset Manager for First Rated Securitization of HEAs
Mortgage servicer BSI Financial Services has been selected by Unlock Technologies as the backup asset manager for the recently closed Unlock HEA Trust 2023-1...
FormFree Launches New Exchange That Matches Qualified Borrowers with Lenders
FormFree has introduced a new exchange where lenders can connect with qualified borrowers.
The new FormFree Exchange (FFX) is an online marketplace where lenders compete...
Optimal Blue: Mortgage Rate Lock Volume Plummeted 20 Percent in September
Headwinds from a seasonal decline in purchase activity and rising interest rates led to a 20% decline in rate lock volumes in September compared...
Depth Promotes Lindsey Neal and Leslie Colley to EVP Roles
Lindsey Neal and Leslie Colley have been promoted to executive vice president at Depth, offering B2B marketing, public relations and reputation management services for...
Freddie Mac: Mortgage Rates Rise For a Fifth Consecutive Week
The average rate for a 30-year fixed-rate mortgage increased to 7.57% during the week ended October 12, up from 7.49% last week, according to...
ATTOM: Foreclosure Activity Increased in the Third Quarter
Foreclosure filings — including default notices, scheduled auctions or bank repossessions — increased 28% in the third quarter compared with the second quarter and...
Mortgage Machine Services Adds Document Management System to its LOS
Mortgage Machine Services, a new mortgage lending software company, has added Click n' File, an innovative document management system, to its all-in-one loan origination...
Service Credit Union Using Blue Sage to Gain New Efficiencies, Improve Borrower Experience
Service Credit Union, a $5 billion credit union serving members around the world, is now using the Blue Sage Digital Lending Platform, including its...
Vanderbilt Mortgage & Finance Selects Mortgage Cadence LOS
In an effort to deliver a more modernized experience for its customers, Vanderbilt Mortgage & Finance, a national home lender, has chosen the Mortgage...
Halcyon Gets Investment From The Mortgage Collaborative’s Emerging Technology Fund
The Mortgage Collaborative’s (TMC) Emerging Technology Fund, a specialist fintech fund explicitly focused on the mortgage industry and immediately adjacent verticals, has made its...