Home Price Appreciation Slowed for an Eighth Consecutive Month in August
U.S. home prices increased a mere 0.1% in August compared with July and were up 4.5% compared with August 2023, according to First American’s...
Rice Park Capital Closes Ventures Fund II, to Invest in Mortgage Technology Companies
Private investment firm Rice Park Capital Management reports that its strategic equity investing team has closed RPC Ventures Fund II LP.
The committed capital allows...
Freddie Mac: Mortgage Rates Drop for a Fourth Week
Mortgage rates continued to fall this week, with the average rate for a 30-year fixed-rate mortgage (FRM) dropping to 6.09%, down from 6.2% last...
Existing-Home Sales Fell Again in August, Despite Declining Mortgage Rates
Despite a decrease in mortgage rates, existing-home sales fell 2.5% in August compared with July to a seasonally adjusted annual rate of 3.86 million,...
Home Flipping Volume Decreased in Q2 But Profit Margins Continued to Increase
About 79,000 homes were flipped during the second quarter, representing about 7.5% of all home sales, according to ATTOM’s U.S. Home Flipping Report.
That’s down...
OceanFirst Bank to Settle DOJ Allegations it Engaged in Redlining Practices
OceanFirst Bank will pay $15 million to settle allegations brought by HUD and the DOJ that it engaged in redlining practices by restricting access...
Existing-Home Sales Will Not See Meaningful Growth for the Remainder of 2024
Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick...
Fed Cuts Rates for First Time Since the Start of the Pandemic
Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds...
Housing Starts Jumped in August as Builders Reacted to Lower Rates and Rising Demand
Housing starts in August were at a seasonally adjusted annual rate of 1.356 million, an increase of 9.6% compared with July and an increase...
Mortgage Activity Sees a Notable Boost
Data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 13 show that the number of mortgage applications increased...
FHFA Adds Tool for Tracking Data on Multifamily Mortgages
The Federal Housing Finance Agency (FHFA) has released an interactive tool for tracking data on multifamily mortgages that enables users to review details about...
Home Builder Sentiment Buoyed by Dip in Rates
Home builder sentiment increased for the first time in four months in September, buoyed by a dip mortgage rates, as per the National Association...
MBA: Applications for New Home Purchases Increased 4.4 Percent Annually in August
Despite a slight decrease in rates that came during the month, applications for mortgages for new home purchases were flat in August compared with...
U.S. Foreclosure Activity Decreased in August
There were a total of 30,227 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in August, down 5.3%...
Optimal Blue Adding New AI-Driven Capabilities Across its Platform
Optimal Blue is adding new features to its platform including side-by-side loan scenario comparison functionality, simplified capabilities for configuration and margin management, and a...
Ashley Knight: Alternative Data Sources Will Open More Opportunities for Mortgage Lenders
PERSON OF THE WEEK: Alternative data sources stand to open up more opportunities for lenders to identify consumers who qualify for a mortgage but...
Title Clearing & Escrow Announces Two New Hires
Zach Hines has joined Title Clearing & Escrow, a provider of title insurance and escrow settlement services for the real estate industry, as senior...
U.S. Homeowners Continued to See Strong Equity Gains in Q2 But Not in Every...
U.S. homeowners with mortgages - which account for roughly 62% of all properties - saw home equity increase by 8% year over year in...
NotaryCam Hires Sam McPherson as Head of Customer Success
Sam McPherson has joined NotaryCam, a Stewart-owned company and provider of remote online notarization technology, as the new head of customer success.
McPherson brings over...
Fannie Mae Auctioning Two Pools of Non-Performing Loans
Fannie Mae is auctioning two pools of non-performing loans with unpaid principal balances of $296.7 million and $7.2 million.
The larger pool includes approximately 1,766...