Pending Home Sales Increased For First Time Since February – But it Means Little
Pending home sales inched up 0.3% in June compared with May but were down 15.6% compared with June 2022, according to the National Association...
Mortgage Servicers Must Navigate Many ‘Danger Zones’ in This Current Regulatory Environment
BLOG VIEW: Mortgage servicers are under ever increasing regulatory scrutiny. Regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), are now more focused on...
Luxury Home Prices Up Nationwide, Down Sharply in Some Metros
According to a new report from Redfin, luxury home prices in San Francisco are falling faster than anywhere else in the nation: a record...
Home Renovations Spurred 2022 Demand for Equity Products
According to the Mortgage Bankers Association’s (MBA) Home Equity Lending Study, released for the first time since 2020, originations of open-ended home equity lines...
Mortgage Applications Fell on Higher Rates During Week Ended July 21
Mortgage application volume decreased 1.8% during the week ended July 21, as the average rate for a 30-year fixed-rate mortgage remained unchanged at 6.87%,...
Rod Griffin: Education is the Key to Boosting Homeownership
PERSON OF THE WEEK: Today’s first-time homebuyers face a lot of obstacles - in particular, higher mortgage rates, rising home prices, lack of inventory,...
New Home Sales Fell in June as Mortgage Rates Went Back on the Rise
New home sales in June were at a seasonally adjusted annual rate of 697,000, down 2.5% compared with May but up 23.8% compared with...
Guaranteed Rate Counters Down Payment Dilemma with OneDown
Chicago-based mortgage lending and digital financial services company Guaranteed Rate has introduced OneDown, its mortgage loan featuring down payment options as low as 1%,...
FirstClose and Calyx Software Streamline Loan Closing Process
FirstClose Inc., a fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, has integrated its home equity settlement services...
Case-Shiller: Home Prices Continued to Rise in May But Regional Differences ‘Striking’
U.S. home prices continued to increase in May, rising for a third straight month as inventory remained tight, according to the S&P CoreLogic Case-Shiller...
Broker Rocket Mortgage Canada Adds Lending Services
Rocket Mortgage Canada, a digital mortgage broker and part of Rocket Companies, is now also a mortgage lender. The company will streamline the mortgage...
Three Reasons Why Mortgage Lenders Should Embrace AI for Document Processing
BLOG VIEW: The mortgage lending industry has come a long way from the days of simple automation to create document sets for borrower closings....
Migration to Disaster-Prone Areas Goes Up in Past Two Years
Although remote work and record-low mortgage rates during the pandemic prompted scores of Americans to leave expensive coastal cities like San Francisco and New...
Snapdocs Simplifies Closings for Lenders, Settlement Companies
Snapdocs, a digital closing provider in the mortgage industry, has launched Connected Closings, a first-of-its-kind integration between the Snapdocs Digital Closing and Notary Scheduling...
Black Knight’s First Look at June Stats Serves Up Surprises
Black Knight Inc., in advance of publishing its in-depth monthly Mortgage Monitor report, released a first look at its June 2023 month-end mortgage performance...
FirstClose Builds Home Equity Lending Functionality into Encompass
FirstClose Inc., a provider of data and workflow solutions for mortgage and home equity lenders nationwide, has integrated its home equity origination platform –...
Applications for New Home Purchases Fell in June But Remain Up Year-Over-Year
Applications for mortgages for new home purchases fell 5% in June compared with May but were up 26.1% compared with June 2022, according to...
Fannie Mae Prices Sixth CAS REMIC Transaction at $766 Million
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2023-R06 – an approximately $766 million note offering that represents Fannie Mae's sixth CAS REMIC...
Mortgage Rates Fall on Slowing Inflation
Mortgage rates fell significantly this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.78%, down from 6.96% last week, according...
NAR: Existing-Home Sales Fell 3.3 Percent in June
Existing-home sales were at a seasonally adjusted annual rate of 4.16 million in June, down 3.3% compared with May and down 18.9% compared with...