Redfin: Homeownership Not Possible for Many Millenials, Gen Zers
A new report from Redfin shows that nearly one of every five (18%) millennials and 12% of Gen Zers who replied to a recent...
Nexus Nova Earns Fannie Mae Master Servicing Approval
MSR investing platform Nexus Nova LLC, a subsidiary of Minneapolis-based private investment firm Rice Park Capital Management LP, has received Fannie Mae master servicing...
Loanspark Broadens CRE Lending with 100 New Marketplace Additions
Loanspark, a fintech startup that enables B2B companies to become a lending source to their customers, has significantly grown its commercial real estate (CRE)...
Mortgage Rates Decrease But 30-Year Still Hovers at Just Above 7 Percent
The average rate for a 30-year fixed-rate mortgage decreased to 7.12% during the week ended September 7, down from 7.18% the previous week, according...
Housing Affordability Crisis Keeps Consumer Sentiment Low
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased by 0.1 points to 66.9 in August, remaining effectively unchanged, as consumer confidence toward housing...
Mortgage Servicers Saw Increase in Document-Related Challenges in 2022
Several document-related issues that have plagued mortgage servicers for years increased during 2022, a recent report from QC and audit firm MetaSource shows.
Missing bankruptcy...
High Interest Rates Push Mortgage Payments Up for Many
Black Knight Inc.'s September Mortgage Monitor Report examines the phenomenon of $2,000-$3,000 monthly mortgage payments, which have rapidly become the norm in today's housing...
Redfin: One in Eight San Francisco Home Sellers Took a Loss
According to a new report from Redfin, roughly one of every eight (12.3%) homes that sold in San Francisco during the three months ending...
MBA Weekly Survey: Mortgage Applications Down
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 1, mortgage applications decreased 2.9% from...
Mortgage Delinquencies Hover at Record Lows as Homeowners Stay and Pay
The U.S. mortgage delinquency rate increased to 3.21% as of the end of July - a hike of 2.89% compared with June but down...
MCT: Mortgage Rate Lock Volume Fell in July on Higher Rates
Mortgage lock volume decreased 4.76% in July compared with June, according to Mortgage Capital Trading’s (MCT) monthly rate lock volume report.
The slight dip in...
MBA Taps George Rogers as VP of Legislative Affairs
George Rogers, an experienced government affairs executive and attorney, has joined the Mortgage Bankers Association (MBA) as vice president of legislative affairs.
Rogers was previously...
Big Cities Show Biggest Slowdown in Single-Family Building
According to the latest findings from the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the second quarter of 2023,...
ICE Finalizes Purchase of Black Knight
Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure, has completed its acquisition of Black Knight Inc., a software, data and...
Weak Jobs Report Signals Slowdown is Looming
The U.S. economy added 187,000 jobs in August - less than expected - while the unemployment rate rose to 3.8%, according to the U.S....
Location-Based Rate Incentives Aid Homebuying in Underserved Areas
To underscore its commitment to underserved communities, Diamond Residential Mortgage Corporation (DRMC), an Illinois-based mortgage lender licensed to originate and service mortgage loans in...
CoreLogic: Mortgage Delinquencies, Foreclosure Rates at Historic Lows
For the month of June, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due,...
Encompass Lending Group Expands Reach in the Lone Star State
Encompass Lending Group has expanded its operations in Texas through the addition of Austin-based Elite Financing Group, a residential mortgage lender. Elite Financing Group...
Mortgage Rates Dip as Fed Determines Next Steps
The average rate for a 30-year fixed rate mortgage fell for the first time in four weeks, dipping to 7.18%, down from 7.23% last...
Home Prices Hit Record High Amid Mixed Signals in Market
The Data & Analytics division of Black Knight Inc. has released a high-level summary of its latest Home Price Index for July 2023. Even...