Bay Federal Credit Union Implements Empower LOS
Bay Federal Credit Union, the largest member-owned financial institution in Santa Cruz County, Calif., has agreed to implement Black Knight’s cloud-based Empower loan origination...
Angel Oak Latest Securitization: $284.5 Million
Angel Oak Mortgage REIT Inc., a real estate finance company focused on acquiring and investing in first-lien non-QM loans and other mortgage-related assets in...
KBRA Research: CMBS Delinquency Rate Down
The KBRA report on U.S. commercial mortgage-backed securities (CMBS) loan performance trends observed in the May 2023 servicer reporting period shows the delinquency rate...
ClearValue Technology Keeps Pace with Fannie Mae Modernization
ClearValue Consulting, a provider of vendor management technology for the mortgage industry, is now able to support Fannie Mae’s new value acceptance + property...
Home Price Data: Spring Still Strong with April Gains
According to the S&P CoreLogic Case-Shiller Indices, data released in April show that all 20 major metro markets again reported month-over-month price increases, with...
New Home Sales Jumped in May as Homebuilders Struggled to Bring More Inventory Online
New home sales surged in May to a seasonally adjusted annual rate of 763,000, an increase of 12.2% compared with April and up 20.0%...
Defaults Ahead: Are Lenders and Servicers Prepared?
BLOG VIEW: There is a notable shift afoot in default servicing. Defaults are ahead, and there is an impending need for mortgage lenders to...
MAXEX Alliance to Amplify Secondary Market Mortgage Liquidity
MAXEX, South Street Securities Holdings Inc. and Atlas Merchant Capital LLC have created a strategic partnership to expand liquidity in the U.S. mortgage secondary...
Pew Charitable Trusts: Small Mortgage Dilemma Persists
Small mortgages are important tools for wealth-building and homeownership opportunities in financially undeserved communities. However, many homebuyers have struggled in recent years to obtain...
FHFA Report: More Than 58,000 Foreclosures Averted
According to the first quarter 2023 Foreclosure Prevention and Refinance Report recently released by the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie...
U.S. House Passes Middle-Class Borrower Protection Act
The U.S. House of Representatives last week passed the Middle-Class Borrower Protection Act of 2023, sponsored by Rep. Warren Davidson (R-OH), chairman of the...
Black Knight: Mortgage Delinquencies Fell in May After Spiking in April
The U.S. mortgage delinquency rate dropped to 3.10% in May, a decrease of 6.25% compared with April and down 2.62% compared with May 2022,...
Fannie Mae ESR Group: Inflation Continues, Recession Likely
According to June 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, mixed data has painted a muddled picture of macroeconomic...
MMI Rolls Out ROI Calculator For Mortgage Lenders
Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries, has released a new ROI...
Black Knight New Mobile App for Valuations Speeds Closing Process
Black Knight Inc. has introduced Validate, a mobile application that helps borrowers participate in expediting the valuation and loan approval process, saving time and...
Planet Grows Servicing Portfolio Via $10 Billion MSR Acquisition
Planet Home Lending LLC continues to consolidate its position as a mortgage servicing rights (MSRs) investor. Its recent $10 billion bulk acquisition from Village...
Fannie Executes CIRT Transactions on $26.6 Billion in Home Loans
Fannie Mae has executed its sixth and seventh Credit Insurance Risk Transfer (CIRT) transactions of 2023. CIRT 2023-6 and CIRT 2023-7 in aggregate transferred...
Existing-Home Sales Eked Out an Increase in May Despite Low Inventory, Higher Rates
Existing-home sales edged up 0.2% in May compared with April but remained down 20.4% compared with May 2022, according to the National Association of...
Mortgage Rates Dipped For a Third Week as Homebuyers Wait on the Sidelines
Mortgage rates dipped for a third straight week as the average rate for a 30-year fixed-rate mortgage fell to 6.67%, down from 6.69% last...
Zillow: Lack of Moderately Priced Homes Central to Affordability Crisis
According to a new analysis by Zillow, a significant shortage of affordable housing options is fueling America's affordability crisis, particularly for those looking to...