Several Signs Point to a Calming Housing Market
According to the latest Zillow market report, a warmer-than-normal housing market is showing signs of a typical late-summer seasonal cool down, Competition is still...
Fannie Mae: Sale of Reperforming Loans Begins
Fannie Mae has begun marketing its twenty-ninth sale of reperforming loans as part of the company's ongoing effort to reduce the size of its...
Share of U.S. Homes Worth At Least $1 Million Rising
Just over 8% of homes in the United States are worth $1 million or more. That figure is near June 2022’s all-time high of...
Superior Court Win in RMBS Case May Have Broad Implications
Trial law firm McKool Smith recently secured a summary judgment win in a novel case that may have far-reaching consequences for thousands of residential...
Attempts at Mortgage Payoff Fraud Increase in First Half of 2023
PayoffProtect, a mortgage-payoff verification product of wire fraud protection company CertifID, tracked a five-time increase in mortgage payoff fraud attempts from the first quarter...
Clear Capital Launches AURA to Automate and Advance Appraisal Review Process
Valuation technology company Clear Capital has launched AURA, an automated underwriting risk analyzer that enables loan origination and order management platforms to embed advanced...
Mortgage Delinquency Rates Drop, Consumer Credit Stress Looms
The Mortgage Bankers Association’s (MBA) National Delinquency Survey shows that the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally...
Valligent GSE Data Collection Suite Aids Fannie Mae and Freddie Mac
Valligent, a California-based real estate valuation company and subsidiary of Veros Software, has launched a GSE Data Collection Suite that supports both Fannie Mae's...
MCT Taps Steve Pawlowski as Head of Technology Solutions
Steve Pawlowski has joined Mortgage Capital Trading, Inc. (MCT) as as managing director, head of technology solutions.
Pawlowski brings extensive industry experience to MCT, including...
MBA Weekly Survey: Mortgage Applications Tumble
According to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 4, mortgage applications decreased 3.1% from one week...
Ginnie Mae MBS Portfolio Slightly Lower in July
Ginnie Mae’s mortgage-backed securities (MBS) portfolio outstanding grew to $2.44 trillion in July. That figure includes $37.5 billion of total MBS issuance, leading to...
SoCal June Home Sales Down Nearly 25% Year Over Year as Prices Rise
CoreLogic released its monthly Southern California home sales report for June 2023, which includes data for new and resale single-family homes and resale condominiums...
Mortgage Credit in July Dipped to the Lowest Level in a Decade
Mortgage credit availability decreased in July, falling 0.3% to a score of 96.3 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI),...
Flagstar Announces Graduates of its Fourth MortgageTech Accelerator Program
Flagstar Bank has announced the four fintech graduates of its MortgageTech Accelerator program—which the company claims is the first and only accelerator in the...
Restb.ai Launches New Valuation Product Suite
Appraisal solutions firm Restb.ai has unveiled its new Valuation Product Suite, designed to expedite the modernization of property appraisals.
With the introduction of the new...
Home Prices at New High Boosting Equity, Savings
Black Knight Inc. has released its August 2023 Mortgage Monitor Report, looking again at the reheating housing market nationwide, with home prices hitting new...
Optimism About Finances, Pessimism About Homebuying
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased slightly in July, as consumers' increased confidence regarding their personal financial situations was largely offset...
ICE, Black Knight and FTC Agree to Federal Case Dismissal
Amid progress toward a potential resolution, Intercontinental Exchange Inc. (ICE) and Black Knight Inc. have jointly stipulated, along with the Federal Trade Commission (FTC),...
Average Homebuyer Paying Nearly 20 Percent More Monthly
A new report from Redfin shows the typical U.S. homebuyer’s monthly mortgage payment was $2,605 during the four weeks ending July 30, up 19%...
Labor Market Cooled in July as Wages Continued to Rise
About 187,000 jobs were added to the U.S. economy in July, below expectations, while the unemployment rate was basically flat at 3.5%, according to...