Fannie Mae Names Most Recent NPL Loan Sale Winner
Fannie Mae has announced the results of its twenty-first non-performing loan (NPL) sale transaction. The deal, announced on August 10, included the sale of...
Snapdocs Promotes Michael Sachdev to CEO
Michael Sachdev has been promoted to CEO of Snapdocs, a provider of digital closing solutions to the mortgage industry.
Sachdev was previously president of the...
Mortgage Rates Tick Up as Inflation Reaccelerates
Mortgage rates inched back up this week, as the average rate for a 30-year fixed-rate mortgage increased to 7.18%, up from 7.12% last week,...
New Home Purchase Loan Applications up Nearly 21 Percent from Last Year
As the amount of existing homes for sale remains historically low and interest rates remain in the 7% range, data from the Mortgage Bankers...
Susan Graham: Lessons Learned From 40 Years in Mortgage Servicing Software
PERSON OF THE WEEK: Financial Industry Computer Systems (FICS) is one of the oldest mortgage software companies in the industry. Since 1983, the firm...
MBA Survey: Mortgage Applications at Lowest Level Since 1996
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 8 (including an adjustment for the...
Guaranteed Rate Expedites Lightning Fast Loan Approvals
Guaranteed Rate, a Chicago-based mortgage lending and digital financial services company, has released its latest advance, 5 Minute Approval. The company launches 5 Minute...
Commercial Mortgage Delinquency Rates Rise in Second Quarter
The latest Commercial/Multifamily Delinquency Report from the Mortgage Bankers Association (MBA) shows that commercial and multifamily mortgage delinquencies increased in the second quarter of...
Mortgage Default Risk Down, Originations at Pre-Pandemic Levels
Milliman Inc., a global consulting and actuarial firm, released the second-quarter 2023 results of its Milliman Mortgage Default Index (MMDI), which shows Milliman's latest...
Mortgage Credit Availability: Slight Increase in August
According to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology, mortgage...
City National Bank Program Expands Homeownership Among Underserved
City National Bank is introducing a new mortgage program to help individuals and families in eligible areas purchase or refinance a home. The Ladder...
Fannie Mae Opens Latest Sale of Reperforming Loans
Fannie Mae has begun marketing its thirtieth sale of reperforming loans as part of its ongoing effort to reduce the size of its retained...
Redfin: Back-to-Office Mandates Among Reasons for Relocation
A new survey commissioned by Redfin reveals that return-to-work policies are motivating one in every 10 (10.1%) home sellers in the United States to...
U.S. Home Prices Continued to Rise in July, Despite Higher Mortgage Rates
Driven by lack of inventory - and despite higher mortgage rates - U.S. home prices continued to increase in July, rising 0.4% compared with...
Zillow: New Listings Up, Homebuying Competition Still Stiff
The latest market report from Zillow delivered a pleasant surprise for home shoppers in August – an uptick of new listings. Although sellers are...
Ginnie Mae MBS Portfolio Hits $2.458 Trillion in August
In August, Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.458 trillion – including $38.1 billion of total MBS issuance, leading to $18...
FHFA Continues Conversation About Credit Scores, Reporting for Fannie/Freddie Mortgages
The Federal Housing Finance Agency (FHFA) has announced additional opportunities for ongoing public engagement to facilitate the transition to updated credit score models and...
Loan Size Impact on Profitability Subject of New MBA White Paper
Originating and servicing higher-balance loans means higher profits – at least that’s the conventional wisdom. A new white paper recently released by the Mortgage...
Black Knight: Mortgage Activity Falls Amid Two-Decade High Rates
Black Knight, now a part of Intercontinental Exchange, has released its latest Originations Market Monitor report, examining mortgage activity through the end of August...
CoreLogic: Home Equity Decreases and Increases
CoreLogic, a property information, analytics and data-enabled solutions provider, has released its Homeowner Equity Report (HER) for the second quarter of 2023. The report...