USMI Survey: Buying and Owning a Home Remains a Priority for Americans
Buying and owning a home remains a priority for Americans, recent market research from U.S. Mortgage Insurers (USMI) confirms.
In 2024, nearly 8 in 10...
Truework Introduces New, Fully Automated Verification Platform, Truework Intelligence
Truework, a provider of income and employment verification technology, has introduced Truework Intelligence, the first fully automated and comprehensive verification platform for mortgage lenders...
Fed Holds Rates Steady For Now
Citing that the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid, the Federal Open Market...
NAR: Existing-Home Sales Jumped 4.2 Percent in February
Existing-home sales increased 4.2% in February compared with January to a seasonally adjusted annual rate of 4.26 million, according to the National Association of...
Mortgage Rates Basically Flat for a Second Straight Week
Mortgage rates were basically flat this week, as the average rate for a 30-year, fixed-rate mortgage increased slightly to 6.67%, up from 6.65% last...
Zillow: Inventory is Up and Home Prices are Falling Heading Into Spring
Zillow reports that nationally there were 1.04 million homes available on the market in February, the most for this time of year since 2020.
The...
Redfin: Home Prices Decreased in Eight of the Largest U.S. Cities in February
Eight of the 50 most populous U.S. metros - including seven in Florida and Texas - recorded a drop in home prices year-over-year in...
Nationwide Mortgage Bankers Taps Michael Brennan as President of Sales and Operations
Mortgage industry veteran Michael Brennan recently joined Nationwide Mortgage Bankers Inc. as president of sales and operations.
Brennan was previously the president of Movement Mortgage,...
Mortgage Applications Dropped Last Week as Rates Crept Back Up
Mortgage application volume decreased 6.2% on an adjusted basis during the week ended March 14, as the average rate for a 30-year fixed-rate mortgage...
Home Price Appreciation in February Slipped to Slowest Pace Since March 2012
U.S. home prices increased 0.4% in February compared with January and were up only 2.0% compared with February 2024, according to First American’s home...
Dark Matter Migrates its IT Infrastructure to AWS
Mortgage software firm Dark Matter Technologies reports that it has migrated its IT infrastructure to Amazon Web Services (AWS).
The strategic move enhances Dark Matter’s...
Housing Starts Jumped 11.2 Percent in February But Homebuilder Sentiment Remains Low
Housing starts took a significant jump in February, surging 11.2% on an unadjusted basis compared with January to reach an annual rate 1.501 million,...
Open API Portal Launched by Verifications Solutions Provider Xactus
Xactus, which offers verification solutions for the mortgage industry, has launched an open API portal, allowing partners to easily access integration rules which enable...
APIs Transform Mortgage Servicing Operations From the Ground Up
Most mortgage lenders have already embraced automation in their operations. Digital loan applications, automated underwriting, and electronic closings have become standard practice. Yet many...
MBA: Mortgage Lenders Took a Loss of About $40 Per Loan in the Fourth...
Mortgage lenders took a loss of about $40 on each loan they originated in the fourth quarter - down from a net gain of...
William Pulte Confirmed as the New Director of FHFA
William Pulte has been confirmed as the new director of the Federal Housing Finance Agency, regulator of government-sponsored enterprises (GSEs) Fannie Mae and Freddie...
Applications for New Home Purchases Up Slightly in February But Down Year-Over-Year
Applications for mortgages for new home purchases increased 0.3% in February compared with January but were down 6.9% compared with February 2024, according to...
Mortgage Rates Basically Flat This Week, Despite Market Volatility
After decreasing for seven consecutive weeks, mortgage rates remained basically flat this week, with the average rate for a 30-year, fixed-rate mortgage at 6.65%,...
Redfin: Median Homeowner Tenure in Los Angeles Area Hit 19.4 Years in 2024
Median homeownership tenure nationwide was around 11.8 years in 2024, according to a recent report from Redfin.
That's flat compared with 2023 and down from...
Credit Reporting and Verification Solutions Provider Service 1st Hires Four Industry Veterans
Elaine Edginton recently joined Service 1st, a provider of credit reporting and borrower verification solutions, as vice president of operations, while Tom Moser recently...