Strong September Jobs Report Shows Resilient U.S. Economy
The U.S. economy added 254,000 jobs in September - far better than was forecast - and the unemployment rate remained flat at 4.1% compared...
MCT: Mortgage Lock Volume Increased 3 Percent in September, Driven by Refinance Activity
Mortgage lock volume increased 3.17% in September compared with August, driven mainly by a surge in refinance activity that resulted from the Fed’s rate...
Mortgage Rates Increased for a Second Week, With 30-Year Averaging 6.12 Percent
Mortgage rates increased slightly for a second week, as the average rate for a 30-year, fixed-rate mortgage climbed to 6.12%, up from 6.08% last...
Fidelity National Financial Acquires First Nationwide Title Agency
Fidelity National Financial (FNF) has acquired the commercial operations of First Nationwide Title Agency (FNTA), a division of AMT Commercial Title Services and a...
STRATMOR Group: Mortgage Lenders That ‘Share Their Stories’ Connect Better With Borrowers, Teammates
Mortgage lenders who share their stories with borrowers and teammates are better able to create strong relationships, retain leads, recruit top talent and even...
First American: Title Insurance Industry Mitigates More Than $600 Billion in Risk Per Year
The title insurance industry mitigates more than $600 billion in estimated risk exposure annually for home buyers, according to a report from First American.
The...
Mortgage Application Volume Fell Last Week as Rates Crept Back Up
Following the previous week’s surge in applications for refinances, total mortgage application volume fell 1.3% during the week ended September 27, as mortgage rates...
CoreLogic: Home Price Growth Muted in August
U.S. home prices increased 1.0% in August compared with July and were up 3.9% compared with August 2023, according to CoreLogic’s home price index...
Snapdocs Survey Shows How Technology Reduces Borrower Frustration
Sixty percent of homebuyers experience frustration during the mortgage process, a survey recently conducted for Snapdocs shows.
The survey of more than 2,000 U.S. homebuyers...
M2 Lending Using LenderLogix to Provide Borrowers with White Glove Service
M2 Lending Solutions is using LenderLogix’ mortgage point-of-sale and automation software to provide an automated, digital-first borrower experience.
Specifically, M2 lending has implemented LenderLogix’ QuickQual,...
First American: Affordability Improving But Firm Remains ‘Cautiously Optimistic’
Home affordability improved in August, due mainly to lower mortgage rates, says First American. In fact, it was the first time since 2021 that...
Homebuyer Affordability Improved in August
The national median mortgage payment applied for by borrowers was $2,057 in August —down $83 from July and down $113, or 5.2%, from August...
Brimma Tech Rolls Out Next Version of Vallia AUS Sandbox
Brimma Tech, specializing in AI-driven solutions for the mortgage industry, has released the latest version of Vallia AUS Sandbox, a tool designed to streamline...
Simplist Technologies Launches Mortgage Origination Platform That Combines POS and LOS
Simplist Technologies has launched Sonar, a mortgage lending solution that combines point-of-sale (POS) and loan origination system (LOS) into a single, AI-enhanced, streamlined platform.
The team...
FHFA Seeks Comment on Revised Amendments to Suspended Counterparty Program
The Federal Housing Finance Agency (FHFA) has revised its proposal to amend the Suspended Counterparty Program (SCP), which requires a regulated entity to report...
Freddie Mac: 30-Year Fell to Two-Year Low This Week
Mortgage rates decreased to the lowest levels in two years this week, as the average rate for a 30-year, fixed-rate mortgage fell to 6.08%,...
Pending Homes Sales Barely Increased in August
Pending home sales inched up 0.6% in August compared with July but were down 3% compared with August 2023, according to the National Association...
iEmergent Downwardly Revises its Forecast After Weak Purchase Volume in 2024
Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two...
Applications for Refinances Surged 20 Percent Last Week as Mortgage Rates Continued to Fall
Mortgage application volume surged 11% during the week ended September 20, driven by a decrease in mortgage rates, according to the Mortgage Bankers Association’s...
How AI Can Help Solve the Mortgage Industry’s Cyclical ‘Problem’
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage...