Existing-Home Sales Fell in August as Buyers Waited For Inventory
Due mainly to lack of supply, existing-home sales fell 2.0% in August compared with July, according to the National Association of Realtors (NAR).
The decrease...
Tim Anderson: An E-Mortgage is Not the Same Thing as a Digital Mortgage
PERSON OF THE WEEK: Most mortgage lenders today have the technology in place to deliver an all-digital mortgage experience to their customers, but the...
Promoting Diversity and Inclusion in Mortgage Lending
BLOG VIEW: Millennials now outnumber baby boomers in the U.S., according to U.S. Census Bureau projections.
Millennials are more educated than baby boomers. In addition,...
Plaza Home Mortgage Hires Michael Wilson as CIO
Michael H. Wilson has joined Plaza Home Mortgage, a wholesale and correspondent mortgage lender, as chief information officer.
Wilson joins Plaza from Zense, a technology...
Housing Starts Jumped in August as Builders Battled Supply-Side Constraints
Housing starts reached a seasonally adjusted annual rate of 1.6 million in August, an increase of 3.9% compared with July and up a whopping...
ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1
The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter...
Evolve Mortgage Services Reorganizes to Align With Expanding Loan Product Mix
Onshore outsourced mortgage services and technology provider Evolve Mortgage Services has announced a strategic reorganization wherein executive leaders Gregg Meyer, Tim Anderson and Mark...
Overall Delinquency Rate Dropped Again in June But Serious Delinquencies Stubbornly High
The U.S. mortgage delinquency rate fell to 4.4% in June, the lowest in more than two decades and down significantly from 7.1% in June...
Covius Acquires Nationwide Title Clearing
Covius Holdings Inc., a provider of technology-enabled solutions to the financial services industry, has reached an agreement to acquire Nationwide Title Clearing Inc. (NTC)....
Cash-Out Refinance Volume Continued to Rise in August
Overall rate locks were up 1.3% in August compared with July, driven by a 7.6% increase in cash-out refinance activity, according to Black Knight’s...
Zaid Shariff: Complaint Resolution Technology Adoption Lagging in Mortgage Industry
PERSON OF THE WEEK: One of the main responsibilities of any mortgage servicer is resolving borrower complaints.
Note that the term used is “resolving” -...
Paradatec Mortgage Document Technology Now Available in AI-Cloud Offering
Paradatec, a provider of AI-based document classification and data extraction technology for mortgage loan processing, is now offering its software via the cloud.
“Our clients...
Stewart Title Hires John Piccirillo as SVP, Agency Services for New York
John J. Piccirillo has joined Stewart Title, a global real estate services company, as senior vice president, agency services for New York.
During his career,...
New Homebuyers’ Mortgage Payments Rising Quicker Than Rents
The national median monthly mortgage payment for homebuyers rose 67% faster than rents during the same period, according to a new report from Redfin....
CoreLogic: U.S. Home Prices Hit Record Annual Increase in July
U.S. home prices continued to rise at a rapid pace in July, increasing 1.8% compared with June and jumping a record 18% compared with...
Western Asset Mortgage Capital Names New Leaders
Western Asset Mortgage Capital Corp.’s (WMC) board of directors has appointed Bonnie Wongtrakool CEO and Lisa Meyer president. Jennifer Murphy has resigned from her...
Home Prices Jumped 18.6 Percent Year Over Year in June
U.S. home prices continued to hit new highs in June, rising 1.7% compared with May and soaring 18.6% above June 2020, according to the...
Juan Farias: How Technology is Helping Loan Officers Enhance Client Relationships
PERSON OF THE WEEK: How is technology helping LOs enhance client and partner relationships in the post-COVID landscape?
To find out, MortgageOrb recently interviewed Juan...
RemoteVal Solution Helps Shorten Appraisal Process
Incenter Appraisal Management has debuted its RemoteVal technology - a tool designed to empower appraisers to complete thorough, compliant appraisal inspections without ever leaving...
Pending Home Sales Fell 1.8 Percent in July as the Market Cools
Pending home sales decreased 1.8% on an adjusted basis in July compared with June and were down 8.5% compared with July 2020, according to...