NAR: December Existing-Home Sales Increased 2.2 Percent Month-Over-Month
Existing-home sales increased 2.2% in December compared with November to a seasonally adjusted annual rate of 4.24 million, the strongest pace since February 2024,...
Dunmor Receives Minority Equity Investment From Newfi Lending
Dunmor, a provider of bridge, fix and flip, ground-up construction and DSCR rental loans for real estate developers, has received a minority equity investment...
Mortgage Rates Edged Back Down This Week
After increasing for the previous five weeks, the average rate for a 30-year fixed-rate mortgage this week dropped to 6.96%, down from 7.04% last...
Trump Administration Directs Federal Agencies to Lower the Cost of Housing
The Trump Administration on Monday issued a broad order to all federal agencies to develop and implement strategies that will “restore purchasing power to...
Rocket Unifies its Real Estate Search and Home Financing Platforms
Rocket Companies has unified its real estate search platform with its mortgage lending platform to create a single resource where home buyers can search...
Realfinity Secures Warehouse Facility From Bank of the Sierra
Realfinity, which offers a an embedded finance platform designed for dual-licensed real estate agents offering mortgages as an ancillary service, has secured a $5...
Fannie Mae: Expect Another Year of Sluggish Existing-Home Sales
The average rate for a 30-year will remain well above 6% for the near-future and existing-home sales will remain muted due to high home...
MBA: Mortgage Applications Inched Up Slightly Last Week
Mortgage application volume inched up 0.1% during the week ended January 17, as the average rate for a 30-year decreased to 7.02%, down from...
LenderLogix Homebuyer Intelligence Report Shows Improving Affordability Conditions
Borrowers generated 37,831 pre-approval letters through LenderLogix’s QuickQual pre-approval platform in the fourth quarter, a decrease of 23.4% compared with the third quarter.
The average...
Mortgage-Centric AI Professional Services Support Now Offered by BlackFin
Mortgage consultancy BlackFin reports that its professional services team is now assisting mortgage teams at banks, credit unions and independent mortgage bankers with the...
Rate Funded More Than $2.8 Billion in Non-QM Loans in 2024
National mortgage lender Rate reports that it funded more than $2.8 billion in non-QM mortgage offerings in 2024 - its best year to-date.
Launched in...
MBA: Applications for New Home Purchases Jumped 8.9 Percent in December
Applications for mortgages for new home purchases increased 8.9% in December compared with November but were down 3% compared with December 2023, according to...
Bill Pulte Nominated to Serve as Director of the FHFA
President-elect Donald Trump has nominated Bill Pulte to serve as director of the Federal Housing Finance Agency (FHFA).
Pulte runs a private equity firm and...
MCT Updates its MSR Valuation Platform with Enhanced Analytics, Reporting
Mortgage Capital Trading (MCT), has released an updated version of its mortgage servicing rights (MSR) valuation platform that addresses the industry's growing need for...
Housing Starts Surged in December as Builder Confidence Improved
Housing starts surged in December, increasing 15.8% compared with November to reach a seasonally adjusted annual rate of 1.499 million, according to the U.S....
Average Rate for a 30-Year Mortgage Crosses the 7 Percent Threshold
The average rate for a 30-year fixed-rate mortgage climbed to 7.04% this week, up from 6.93% last week, according to to Freddie Mac.
It was...
CSS: 57 Percent of Appraisals Were Higher Than the Sales Price in Second Half...
How accurate was the appraisal of residential homes in the second half of 2024?
According to a report from Corporate Settlement Solutions (CSS), home appraisals...
MBA Launches Undergraduate Course on Origination and Processing at Cleveland State University
The Mortgage Bankers Association (MBA) has launched a new program at Cleveland State University focused on residential mortgage origination and processing.
The new, three-credit undergraduate...
MCT Reports 16 Percent Decrease in Mortgage Lock Volume in December
Mortgage Capital Trading, which offers mortgage capital markets technology, reports a 16.7% decrease in mortgage lock volume in December compared with November.
While there was...
Rocket Rebrands Key Business Units, Unveils New Visual Identity
Rocket has rebranded some of its key businesses to unify its services under the overarching "Rocket" brand.
As such, Rocket Pro TPO has been renamed...