ICE: Home Price Appreciation Slowed in February
Home price appreciation slowed across the U.S. in February, with condo prices decreasing annually for the first time in more than a decade, according...
Clever Offers Platform Hits $500 Million Milestone
Clever Real Estate reports that its new Clever Offers platform - a free service that allows home sellers on tight timelines to explore their...
Carrington Mortgage Services’ Correspondent Channel Focusing on Non-QM
Carrington Mortgage Services (CMS) reports that, moving forward, its correspondent channel is concentrating exclusively on underwriting and purchasing non-qualified mortgage (non-QM) loans.
“In recent years,...
Mortgage Collaborative Adds Seven New Lenders to its Network
The Mortgage Collaborative, an independent cooperative network serving the mortgage industry, recently added the following lender members to its growing community:
Zillow Home Loans
Old National...
Labor Market Remained Strong in March, With 228,000 Jobs Added
The U.S. economy added about 228,000 jobs in March - higher than was expected - while the unemployment rate increased slightly to 4.2%, according...
FHLB Cincinnati Launches Hundred Homes Initiative
FHLB Cincinnati has launched the Hundred Homes Initiative, which will offer $5 million in funding to move 100 households living in mobile homes constructed...
Redfin: Surging HOA Fees, Insurance Costs Dragging Down the Condo Market
The condo market has been slowing due to surging insurance costs and HOA fees, which have priced many buyers out.
It has also become more...
Mortgage Rates Decrease Slightly for Third Straight Week
Mortgage rates continued to edge down this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.64%, down from 6.65% last...
AssetVal and Restb.ai Modernize BPOs With AI-Powered Visual Validation
AssetVal, a valuation company known for delivering high-quality broker price opinions (BPOs), is now integrated with Restb.ai, an innovator in computer vision AI for...
FirstClose Taps David Bolin as Vice President of Marketing
David Bolin recently joined FirstClose, Inc., a provider of data and workflow solutions for home equity and lenders nationwide, as vice president of marketing.
In...
Veros: U.S. Home Prices Forecast to Rise 2.4 Percent Over Next 12 Months
U.S. home prices will rise about 2.4% over the next 12 months, according to the Q1 2025 VeroFORECAST report recently released by Veros Real...
Freddie Mac Auctions Pool of NPLs With $261 Million in UPB
Freddie Mac recently sold via auction 1,458 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio.
The loans, with an unpaid...
One Real Mortgage Launches Compensation and Stock Awards Programs for LOs
One Real Mortgage, the mortgage broker arm of The Real Brokerage Inc., is setting a new standard for loan officer empowerment with the launch...
Purchase Applications Increased 2 Percent Last Week, Up 9 Percent From a Year Ago
Mortgage applications decreased 1.6% during the week ended March 28, as the average rate for a 30-year, fixed-rate mortgage dropped to 6.70%, down from...
Case-Shiller: Home Prices Increased 0.6 Percent in January
U.S. home prices increased 0.6% on a seasonally adjusted basis in January compared with December and were up 4.1% compared with January 2024, according...
Supreme Lending Hires Sarah Middleton as Chief Growth Officer
Sarah Middleton has joined mortgage lender Supreme Lending as chief growth officer and chief marketing officer.
Middleton has more than 36 years of experience in...
A&D Mortgage Completes Acquisition of Mr. Cooper’s Wholesale and Non-Delegated Correspondent Business
A&D Mortgage has completed its acquisition of the wholesale and non-delegated correspondent mortgage business from Mr. Cooper Group Inc.
Mr. Cooper previously acquired the wholesale...
ATTOM: Homeownership Slightly Less Affordable in Q1 Despite Home Price Slowdown
Homeownership was slightly less affordable in the first quarter compared with the fourth quarter, according to ATTOM’s U.S. Home Affordability Report.
The report shows that...
FinLocker to Cover Cost of Verifications
Verifications are one of the fastest-growing expenses in the mortgage origination process right now.
In response, FinLocker, which offers technology that readies consumers to become...
Usherpa Hires Laila Stout as Senior Marketing Strategist
Experienced marketing executive Laila Stout has joined Usherpa, developers of the real estate and mortgage industry’s first customer relationship engagement platform (REP) platform, as...