Brimma Tech Rolls Out Next Version of Vallia AUS Sandbox
Brimma Tech, specializing in AI-driven solutions for the mortgage industry, has released the latest version of Vallia AUS Sandbox, a tool designed to streamline...
Simplist Technologies Launches Mortgage Origination Platform That Combines POS and LOS
Simplist Technologies has launched Sonar, a mortgage lending solution that combines point-of-sale (POS) and loan origination system (LOS) into a single, AI-enhanced, streamlined platform.
The team...
Mortgage Delinquencies Fell in August But Remain Up Compared to Last Year
The U.S. mortgage delinquency rate fell to 3.34% in August, dropping 0.9% compared with July but up 5.1% compared with August 2023, according to...
FHFA Seeks Comment on Revised Amendments to Suspended Counterparty Program
The Federal Housing Finance Agency (FHFA) has revised its proposal to amend the Suspended Counterparty Program (SCP), which requires a regulated entity to report...
Freddie Mac: 30-Year Fell to Two-Year Low This Week
Mortgage rates decreased to the lowest levels in two years this week, as the average rate for a 30-year, fixed-rate mortgage fell to 6.08%,...
Pending Homes Sales Barely Increased in August
Pending home sales inched up 0.6% in August compared with July but were down 3% compared with August 2023, according to the National Association...
Fay Servicing Taps Josh Balson as SVP of Data Science
Josh Balson has joined mortgage servicer Fay Servicing as senior vice president of data science.
Balson has more than 15 years of experience in analytics...
iEmergent Downwardly Revises its Forecast After Weak Purchase Volume in 2024
Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two...
Applications for Refinances Surged 20 Percent Last Week as Mortgage Rates Continued to Fall
Mortgage application volume surged 11% during the week ended September 20, driven by a decrease in mortgage rates, according to the Mortgage Bankers Association’s...
How AI Can Help Solve the Mortgage Industry’s Cyclical ‘Problem’
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage...
New Home Sales Fell in August as Buyers Wait on the Sidelines
After increasing more than 10% in July, new home sales went back on the decline in August, falling 4.7% to an annual adjusted rate...
FHFA Report Shows Mortgage Performance Holding Strong Overall in Q2
Fannie Mae and Freddie Mac completed 46,378 foreclosure prevention actions during the second quarter, raising the total number of homeowners who have been helped...
Xactus Adds New Service to Employment Verification Waterfall
Xactus, a provider of verification solutions to the mortgage industry, has added Thomas & Company’s Wage and Employment Verification service to its employment verification...
Home Prices Hit New High in July but Rate of Appreciation Slowed
U.S. home prices increased 0.2% on an adjusted basis in July compared with June and were up 5% compared with July 2023, according to...
Median Monthly Housing Payment Falls as Mortgage Rates Dip
The median U.S. housing payment fell to $2,534 during the four weeks ended September 15, down 2.7% from a year earlier, according to Redfin.
The...
LoanDepot Hires Bryan Bergjans as National Director of Military Growth and Strategy
U.S. Navy veteran and VA lending expert Bryan Bergjans has joined loanDepot as national director of military growth and strategy.
Bergjans, a highly respected national...
Share of Mortgages in Forbearance Increased in August as Labor Market Cooled
The share of mortgages in forbearance increased to 0.31% in August, up from 0.27% in July, according to the Mortgage Bankers Association’s (MBA) monthly...
Dark Matter Adds Second LOS Tailored for Smaller Lenders
Dark Matter Technologies has added a new loan origination system to its lineup: The NOVA LOS.
The NOVA LOS provides a reliable, cost-effective solution with...
Mortgage Defect Rate Rises in Q1 After Five Straight Quarters of Decline
The rate of defects in mortgage loans post-closing increased 3.27% to 1.58% in the first quarter, ending five quarters of decline, according to ACES’...
Xactus Selected for Launch of ACUMA Services
Xactus, a provider of verification solutions to the mortgage industry, reports that it has been named the exclusive credit reporting, verification and flood provider...