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Susan Sullivan: How to Keep Remote Workers Engaged

PERSON OF THE WEEK: The COVID-19 crisis has put a serious damper on the mortgage market but recent reports show that a...

Vani Vemuganti Promoted to CFO at Credit Plus

Vani Vemuganti has been promoted to chief financial officer at Credit Plus, a provider of data and insights to the mortgage industry.

Average FICO Score For a Closed Mortgage Jumped to 749 in April

Due to tightening credit caused by the coronavirus pandemic, the average FICO score for a closed mortgage in April soared to 749,...

Case-Shiller: U.S. Home Prices Continued to Climb in March, Despite Pandemic

U.S. home prices were largely unaffected by the coronavirus pandemic in March, rising 0.5% on an adjusted basis compared with February, according...

New Home Sales Increased Slightly in April

Despite the COVID-19 pandemic and subsequent economic fallout, new home sales eked out a monthly increase in April, rising 0.6% compared with...

Are Lenders Prepared For Potential Wave of HELOCs?

BLOG VIEW: If your institution provides home equity lines of credit (HELOC)s, now is the time to be proactive, not reactive. Due...

Mortgage Rates Fell This Week as States Began to Reopen

After ticking up slightly the previous two weeks, mortgage rates fell during the week ended May 21, with the average rate for...

Existing-Home Sales in April Plummet to Lowest Levels Since 2010

Due to the coronavirus pandemic, existing-home sales fell 17.8% in April compared with March and were down 17.2% compared with April 2019,...

Grant McFarland: Why Lenders Must Invest in Employee Professional Development

PERSON OF THE WEEK: In the mortgage origination business, keeping employees motivated and engaged with their jobs is critical to a lender’s...

Purchase Applications Rise for a Fifth Straight Week

Purchase applications increased for a fifth straight week, rising 6% on an adjusted basis compared with the previous week but down 1.5%...

Housing Starts Fell 30% in April But Are Expected to Rebound

Due to the coronavirus pandemic and subsequent social distancing constraints, housing starts tumbled in April, falling 30.2% compared with March, according to...

Mitigating Portfolio Risk and Increasing Operational Efficiency During Economic Volatility

BLOG VIEW: Navigating the current market environment is posing challenges for all industries. In the case of mortgage servicers, the focus must...

MBA: Share of Mortgages in Forbearance Plans Now Exceeds 8%

More than 8% of mortgages are now in COVID-19-related forbearance plans, according to the Mortgage Bankers Association.The MBA’s...

Applications For New Home Purchases Plummeted in April

Applications for mortgages for new home purchases tumbled 25% in April in Compared with March and were down 12% compared with April...

Plaza Home Mortgage Taps Kelley Tillinghast as SVP and Chief Underwriter

Kelley Tillinghast has joined wholesale and correspondent mortgage lender Plaza Home Mortgage Inc. as senior vice president, chief underwriter.

Mortgage Rates Edge Up From All-Time Lows

Mortgage rates edged up slightly for a second week but remain near all-time lows.For the week ended May...

Slowing Technology Churn Begins with Understanding the Borrower Experience

PERSON OF THE WEEK: A mere 17% of consumers return to the same lender to originate or refinance their next mortgage, reports...

In Your Face, Coronavirus: Applications For Purchases Continue to Increase

With mortgage rates still hovering near all-time lows and more than half the country still in lockdown, one would expect to see...

Share of Mortgages in Forbearance Reaches Nearly 8 Percent

The share of mortgages in forbearance plans as of May 3 had grown to 7.91% - or nearly 4 million loans -...

Planet Home Lending Announces Three New SVPs

Mike Eckrote has joined Planet Home Lending, a national lender and servicer, as senior vice president (SVP) of quality control (QC).

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