Existing-Home Sales Fell For a Second Straight Month in July
Existing-home sales dropped for a third straight month in July, falling 2.2% compared with June and 16.6% compared with July 2022 to a seasonally...
LERETA Taps Randy Kozlowski as Chief Strategy Officer
Tax service veteran Randy Kozlowski has joined LERETA, a national provider of real estate tax and flood services for mortgage servicers, as chief strategy...
MMI Promotes Heidi Iverson to VP of Strategic Partnerships
Heidi Iverson has been promoted to vice president of strategic partnerships at Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools...
Share of Mortgage Loans in Forbearance Drops in July
The total number of loans in forbearance decreased by 5 basis points from 0.44% of servicers’ portfolio volume in the prior month to 0.39%...
Freedom Mortgage, Realty Connect Penalized for Illegal Activity
The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for providing illegal incentives to real estate brokers and agents in...
MMI Releases New LO Quick Profile Search Tool
Mobility Market Intelligence (MMI) has released a new LO Quick Profile search tool which provides a summary view of LO production and top referral...
Propel, NotaryCam Integration Eases Mortgage eClosings
Asurity Technologies LLC, a designer and developer of consumer lending compliance software, has integrated Propel, its mortgage document generation platform, with NotaryCam, a company...
Average Rate for 30-Year Mortgage Hits Highest Level in 21 Years
The average rate for a 30-year fixed-rate mortgage hit 7.09% this week, up from 6.96% last week and up from 5.13% a year ago,...
Viant Eye Unveils MISMO V3 SMART Doc Platform
Viant Eye, a technology company that specializes in developing platforms for the mortgage and title industry, has launched TrueFile – its V3 SMART Doc...
MBA: Origination Costs Down from High Amid Improved Net Losses
According to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks reported...
Housing Starts Increased in July But Builder Confidence is Back on the Decline
Housing starts increased in July, driven mainly by a surge in single-family construction, as builders continued to step up production in an effort to...
Mortgage Applications Down Almost a Point
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 11, mortgage applications decreased 0.8% from...
Commercial Borrowing Falls 53 Percent Year Over Year
The Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations shows that commercial and multifamily mortgage loan originations were 53% lower in...
AimLoan Completes Implementation of Black Knight Technology
AimLoan, an internet-direct mortgage lender, has successfully implemented Black Knight Inc.’s MSP loan servicing system to help manage its mortgage loan portfolio in-house.
MSP is...
New Home Purchase Mortgage Applications Up 36 Percent Annually
For July, Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data show mortgage applications for new home purchases increased 35.5% compared from a year...
Verus Mortgage Capital Introduces Closed End Second Lien Mortgage Program
To help mortgage lenders capitalize on the growing home equity market, Verus Mortgage Capital (VMC), a correspondent investor specializing in residential non-QM and investor...
Xactus Launches New Version of its Verification Platform, Xactus360
Xactus, a provider of borrower verification solutions for the mortgage industry, has released the next generation of its proprietary technology platform, Xactus360.
The new version...
Policies to Streamline Homebuilding Key for Taming Inflation
With shelter inflation accounting for 90% of the overall inflation rate last month, the National Association of Home Builders (NAHB) has called on policymakers...
UBS to Pay $1.435 Billion to Settle Case Related to 2008 Financial Crisis
UBS AG and several of its United States-based affiliates have agreed to pay $1.435 billion in penalties to settle a civil action filed in...
Black Knight: Mortgage Rate Lock Activity Drops, Credit Tightens
Black Knight Inc. has released its latest Originations Market Monitor report, looking at mortgage origination data through July 2023 month-end by leveraging daily rate...