Case-Shiller: Lack of Inventory Continued to Push U.S. Home Prices Higher in March
U.S. home prices increased 0.4% in March compared with February and were up 0.7% compared with March 2022, according to the S&P CoreLogic Case-Shiller...
Colonial Savings Pulling Out of Mortgage Originations
Colonial Savings says it is stopping its mortgage origination business at the end of July, shifting its focus to full-service banking and mortgage servicing.
The...
Redfin: Housing Payments Reach New High as Rates Rise, Demand Slows
According to Redfin, housing payments hit a new high this week as mortgage rates jumped due to progress on a possible debt-ceiling deal.
Daily average...
Mortgage Rates Continue to Rise, Slowing Application Volume
Mortgage rates continued to rise during the week ended May 25, with the average rate for a 30-year fixed-rate mortgage at 6.57%, up from...
Pending Home Sales Were Flat in April as Limited Inventory Continued to Halt Deals
Pending home sales were flat in April compared with March but were down 20.3% compared with April 2022, according to the National Association of...
Forta Solutions to Launch New Warehouse Lending Platform
Forta Solutions is launching Agility, a warehouse lending platform designed to simplify the workload of mortgage lenders, who frequently staff-up at the end of...
When Can a Servicer Take Possession of a Property in Oregon?
BLOG VIEW: On July 15, 2022, the U.S. Court of Appeals for the Ninth Circuit issued an unpublished opinion in the case Santoro v....
MIAC Analytics Joins List of Acceptable TPR Firms
MIAC Analytics, a provider of mortgage industry solutions, has been added to the list of acceptable third-party review (TPR) firms by KBRA, Moody's, S&P...
New Home Sales Jumped in April as Buyer Demand Remains Strong
New home sales increased 4.1% in April compared with March and were up 11.8% compared with April 2022, according to estimates from the U.S....
MBA: Applications for New Home Purchases Dropped 11 Percent in April
Applications for mortgages for new home purchases dropped 11% in April compared with March but were up 4.1% compared with a year ago, according...
NotaryCam Hires Suzanne Singer as Director of Sales and Marketing
Suzanne Singer has joined NotaryCam, a provider of remote online notarization and identity verification/authentication technology, as director of sales and marketing.
Singer brings more than 30...
Existing-Home Sales Fell in April as Lack of Inventory Persists
Existing-home sales decreased 3.4% in April compared with March, as higher mortgage rates, high home prices and lack of inventory persisted, according to the...
FormFree Taps Jonathan Nahil as CTO
Jonathan Nahil has joined FormFree, a provider of borrower verification solutions, as chief technology officer.
Nahil has more than 20 years of experience as a...
Maxwell Acquires LenderSelect Mortgage Group
At a time when the mortgage market is constricting and many big tech players are facing difficulties, some fintech solution providers - particularly those...
FHFA Rescinds Biden Administration’s ‘Confusing’ DTI Fees Rule
The Federal Housing Finance Agency (FHFA) has rescinded the upfront fees based on borrowers' DTI ratios for loans acquired by Fannie Mae and Freddie...
Citywide Home Loans Gives its Lenders the Freedom to be Unique
National mortgage lender Citywide Home Loans has launched a new Charter Branch Model which gives entrepreneurial lenders greater flexibility to customize the branch experience...
Freddie Mac: Mortgage Rates Edged Down For a Second Straight Week
The average rate for a 30-year fixed-rate mortgage fell to 6.35% this week, down from 6.39% last week, according to Freddie Mac’s Primary Mortgage...
Mortgage Applications Jump as Rates Dip and Fed Indicates Easing
Mortgage application volume took a nice jump last week as mortgage rates dipped and the Fed gave strong indication that it could soon be...
LenderLogix Releases Spanish Version of its LiteSpeed POS
Mortgage automation software provider LenderLogix has released a Spanish language version of its point-of-sale (POS) solution, LiteSpeed.
With LiteSpeed, small to mid-sized lenders gain the...
Unemployment Fell to 3.4 Percent in April as U.S. Economy Added 253,000 Jobs
The U.S. economy added 253,000 jobs in April, above expectations, while the unemployment rate dipped to 3.4%, according to the U.S. Bureau of Labor...