Existing-Home Sales See First Year-Over-Year Increase in More Than Three Years
After falling for three straight months, existing-home sales turned the corner and increased 3.4% in October compared with September, reaching a seasonally adjusted annual...
Rate Hires Jesse Q. Allen and Greg Pahel to Head Reverse Lending
Jesse Q. Allen has joined national mortgage lender Rate as president of its reverse mortgage division while Greg Pahel has joined the lender as...
Mortgage Rates Continue to Rise as Average Rate for a 30-Year Approaches 7 Percent
Mortgage rates continued to rise this week, with the average rate for a 30-year, fixed-rate mortgage increasing to 6.84%, up from 6.78% last week,...
Mortgage Applications Up Slightly Despite Higher Rates, Driven by FHA Volume
Mortgage application volume edged up 1.7% on an adjusted basis during the week ended November 15, despite mortgage rates moving higher, according to the...
Applications for New Home Purchases Jumped 3 Percent in October
Applications for mortgages for new home purchases increased 3% in October compared with September and were up 8.2% compared with September 2023, according to...
Home Price Growth Stabilized in October After Slowing for Nine Months
Home prices decreased 0.5% in October compared with September but were up 3.8% compared with October 2023, according to First American’s home price index.
Home...
CHLA Requests Ginnie Mae to Allow Loan-Level Pooling
Due to increasing concern that Ginnie Mae issuers cannot transfer loans within a pool to transact a full loan mortgage servicing right (MSR) sale,...
Housing Starts Slowed in October as Rates Went Back on the Rise
Housing starts slipped in October, falling to a seasonally adjusted annual rate of 1.311 million, a decrease of 3.1% compared with the revised September...
Snapdocs Report Shows E-Closing Technology is a Game Changer for Mortgage Lenders
E-closing technology is a game-changer for mortgage lenders in optimizing their secondary market strategies, a research report from Snapdocs shows.
The report, conducted in partnership...
Sam Valverde Steps Down as Acting President of Ginnie Mae, Gregory Keith to Assume...
Sam Valverde, acting president of Ginnie Mae, will step down effective November 30.
Valverde has served as acting president of Ginnie Mae since May. He...
Cornerstone Home Lending Promotes Jay Crowell to President of National Retail Division
Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending.
Crowell joined Cornerstone Home Lending...
MCT: Mortgage Lock Volume Increased 2.5 Percent in October
Despite market volatility, mortgage lock volume increased 2.5% in October compared with September, according to Mortgage Capital Trading (MCT), which offers mortgage capital markets...
CrossCountry Mortgage Hires Three Execs to Head Up Capital Markets
Vandad Fartaj has joined retail mortgage lender CrossCountry Mortgage (CCM) as chief investment officer.
In addition, William Chang has joined the lender as chief capital...
Fairway Mortgage Promotes Linda Davidson to President of National Branch Optimization
Linda Davidson has been promoted to the president of national branch optimization – operations, for Fairway Independent Mortgage Corp.
With a remarkable 28-year career in...
Integration Between Informative Research, ICE, Helps LOs Originate Loans Faster
Informative Research has announced a new integration with ICE Mortgage Technology that allows loan officers seamlessly pull credit and verify income, assets and employment...
Mortgage Credit Availability Increased to Highest Level Since April 2023
Mortgage credit availability increased in October, rising to a score of 99.2 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
The report,...
Mortgage Rates Flat This Week Despite Election, Fed Rate Cut
Despite the outcome of the Presidential Election and last week’s Fed rate cut, the average rate for a 30-year fixed-rate mortgage remained flat this...
MBA: Mortgage Lenders Turned a Profit in Q3 as Production Expenses Decreased
Mortgage lenders saw a pre-tax net profit of $701 on each loan they originated in the third quarter, up from $693 per loan in...
How Mortgage Lenders Can Get More Insight From the Data They Already Own
More mortgage lenders are finding a competitive advantage hiding in their own data, according to a new white paper from Redefining Business Intelligence (RBI),...
U.S. Household Debt Reached a Record $17.94 Trillion in Q3
U.S. household debt - including mortgage debt - reached a record $17.94 trillion in the third quarter, according to a WalletHub report that uses...