Locked-In Homeowners Keep Inventory Low, Fuel Rising Prices
A new report from Redfin shows the typical U.S. home sold for $382,500 during the four weeks ending July 16, up 2.1% from a...
Mortgage Applications Up 1.1 Percent as Inventory Issue Stagnates the Market
Mortgage application volume increased 1.1% during the week ended July 14, with the average rate for a 30-year fixed-rate mortgage with conforming loan balance...
Housing Starts Decreased in June Despite Rising Home Builder Sentiment
Housing starts slumped in June, as builders struggled to meet rising demand for new homes in a market where existing-home sales have almost completely...
Experian Streamlines Income and Employment Verification Process
To help lenders quickly and easily verify income and employment information, Experian has introduced Experian Verify, an enhancement that allows consumers to share information...
ESR Group: Economic Activity, Home Price Growth Slowing by Year’s End
According to the July 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, although recent data on inflation has provided reason...
Freddie Mac Debuts Financial Education Tools in Spanish
In an effort to increase knowledge about building, maintaining and using credit, Freddie Mac has launched a Spanish version of its CreditSmart Essentials free...
Maxwell Hires Paul Wetzel to Lead Digital Mortgage Product Expansion
Product development veteran Paul Wetzel has joined Maxwell, a mortgage fintech solutions platform designed for mortgage lenders serving their communities, as senior vice president...
Carrington Mortgage Expands Offerings to Assist Homebuyers
Rising interest rates, decades-long home price appreciation and the tightening of credit availability are providing new obstacles to potential homebuyers – especially first-time homebuyers,...
Freddie Mac Single-Family Green MBS Issuance Near $1.4 Billion in 2022
Freddie Mac has released its 2022 Green MBS Impact Report showing the company issued $1.372 billion of Single-Family Green Mortgage-Backed Securities (MBS) for the...
MBA: CMBS Loan Delinquency Rates Climb
According to the Mortgage Bankers Association's (MBA) latest commercial real estate finance (CREF) Loan Performance Survey, delinquency rates for mortgages backed by commercial and...
Toby Wells: Seamless MSR Transfers Are Not Pie in the Sky
PERSON OF THE WEEK: Smooth and efficient MSR transfers are crucial to keeping borrowers happy and achieving operational excellence. Unfortunately, smooth MSR transfers are...
Constellation Software Grows Via ICE Acquisition of Black Knight
In conjunction with the merger agreement in which Intercontinental Exchange Inc. (ICE) will acquire Black Knight Inc., the companies have agreed to sell Black...
Median Home Price Nears Record High, Inventory at New Low
Despite elevated mortgage rates that have kept many homebuyers away from the market, a slight upsurge in demand coupled with a record low number...
Fannie Mae HPI: Single-Family Home Prices Keep Rising
According to Fannie Mae's latest Home Price Index (FNM-HPI) reading, single-family home prices increased 3% from the second quarter of 2022 to the second...
Clear Capital and ICE Announce Enhanced Integration to Support Modern Appraisals
To support adoption of modern appraisals, Clear Capital's suite of real estate valuation solutions has been further integrated with the Encompass Partner Connect API...
PCV Murcor: Approved Service Provider to Support Fannie Mae
PCV Murcor, a nationwide real estate valuations management company, has become an approved service provider for data collection field services to support Fannie Mae’s...
Black Knight: Self-Service Tech Yields Positive Results During Crisis
Helping Homeowners in Times of Financial Crisis, a case study recently released by Black Knight Inc., shows how self-service technology (SST) deployed by loan...
Redfin: Home-Sale Prices Show First YoY Upturn in Nearly Five Months
A new report from Redfin says the median U.S. home-sale price ($383,750) rose 1.5% from a year earlier during the four weeks ending July...
Figure Forms Four IMB Partnerships to Widen HELOC Access
Figure Technologies Inc., a company advancing financial services through blockchain technology, will collaborate with four top 20 independent mortgage banks (IMBs) as private label...
Average Rate for a 30-Year Mortgage Rises to Just Shy of 7 Percent
Mortgage rates increased for a third straight week, with the average rate for a 30-year fixed-rate mortgage rising to 6.96%, up from 6.81% last...