NAR: Pending Home Sales Saw Small Gain in July
Pending home sales increased 0.9% in July compared with June but were down 14% compared with July 2022, according to the National Association of...
Redfin: Investors Make Big Move Away from Homebuying
According to a new report from Redfin, investor home purchases fell 45% from a year earlier in the second quarter, outpacing the 31% drop...
Voxtur Unveils Property Data Collection Solution
Voxtur Analytics Corp., a company that provides solutions throughout the lending lifecycle, has launched Voxtur Data Collection, or VDC, a comprehensive tool for property...
Fahe Selects Black Knight Solutions to Buoy Appalachian Homeownership
Fahe, a nonprofit that serves the people and communities of Appalachia, has signed a contract for the MSP loan servicing system from Black Knight...
MBA: Mortgage Applications Rise But Levels Still Low Overall
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 25, mortgage applications increased 2.3% from...
Case-Shiller: Home Prices Continued to Rise in June, But With Stark Regional Differences
Despite rising mortgage rates, U.S. home prices continued to inch up in June, rising 0.7% after seasonal adjustment compared with May, according to the...
Freddie Mac to Auction $628 Million in Non-Performing Loans
Freddie Mac is conducting an approximate $628 million non-performing loan (NPL) sale, via an auction of seasoned non-performing residential first-lien loans held in Freddie...
Mortgage Lenders Should Focus on the Employee Experience, STRATMOR Report Shows
In order for mortgage lenders to deliver a better borrower experience and win more business, they must put a greater focus on the employee...
MISMO Issues Updated Guide to Assist Mortgage Service Providers
The Mortgage Industry Standards Maintenance Organization (MISMO) has published Version 2.1 of the SMART Doc 1.02 Standardization Mapping and Implementation Guide as final.
“MISMO remains...
Home Price Appreciation Up in July, Likely to Keep Rising
According to data from the American Enterprise Institute’s (AEI) Housing Center, national constant-quality home prices in July were up 2.7% from a month earlier...
Guild Expands Market Share with First Centennial Acquisition
Guild Mortgage, a mortgage lending company originating and servicing residential loans since 1960, has acquired First Centennial Mortgage, a privately held residential mortgage lender...
Redfin: Housing Market Remains a Dizzying Rollercoaster Ride
According to a new report from Redfin, July pending home sales rose 0.7% from a month earlier to the highest level since the start...
Zillow Helps Eligible Homebuyers Reduce Down Payment to 1 Percent
Zillow Home Loans has unveiled its 1% Down Payment program to allow eligible homebuyers to pay as little as 1% down on their next...
Freddie Mac: Average Rate for a 30-Year Mortgage Climbs to 7.23 Percent
The average rate for a 30-year fixed-rate mortgage this week surged to 7.23%, up from 7.09% last week and up from 5.55% a year...
High Mortgage Rates Decimating Homebuyer Purchasing Power
A new report from Redfin states that historically high mortgage rates are cutting into buyers’ budgets.
A homebuyer on a $3,000 monthly budget, for instance,...
Mortgage Purchase Applications Drop to Lowest Level Since 1995
Mortgage application volume decreased 4.2% during the week ended August 18, as the average rate for a 30-year fixed-rate mortgage climbed to 7.31%, according...
New Home Sales Jumped 4.4 Percent in July
New home sales in July increased 4.4% compared with June and were up 31.5% compared with July 2022, according to estimates from the U.S....
Angel Oak Mortgage REIT Participates in Third Securitization
Angel Oak Mortgage REIT Inc. (AOMR), a real estate finance company focused on acquiring and investing in first-lien non-QM loans and other mortgage-related assets,...
Share of First-Time Homebuyers Hits 50 Percent, Mostly Millennials
According to Zillow's 2023 Consumer Housing Trends Report, first-time buyers now make up 50% of all homebuyers, up from 45% last year and a...
Black Knight: Foreclosure Inventory at Lowest Level in 15 Months
Prospective homebuyers hoping to circumvent the rocky housing market and possibly save money by purchasing a house in foreclosure might want to rethink that...