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United Wholesale Mortgage Names Andrew Hubacker its New CFO

Andrew Hubacker has been named chief financial officer at United Wholesale Mortgage (UWM). Hubacker was originally recruited by the late Timothy Forrester, UWM’s previous CFO,...

Mapping Out 2023’s Mortgage Compliance Priorities and Market Pressures

BLOG VIEW: The congressional elections of November 2022 bucked the expectations of past mid-terms. While the Republican party did grab nine seats to gain...

Strong Job Growth in January as Unemployment Rate Dipped to 3.4 Percent

The U.S. economy added 517,000 in January, way above expectations, while the unemployment rate dipped to 3.4%, according the U.S. Bureau of Labor Statistics. The...
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Mortgage Rates Down Nearly a Full Percentage Point From November

Mortgage rates inched down during the week ended Feb. 2, with the average rate for a 30-year fixed-rate mortgage falling to 6.09%, down from...

MBA: Mortgage Applications Fell Last Week Despite Lower Rates 

Mortgage applications decreased 9.0% on an adjusted basis during the week ended January 27, with applications for refinances falling 7% and applications for purchases...

Pete Pannes: Mortgage Servicers Looking to Cut Staffing Face Compliance Conundrum

PERSON OF THE WEEK: The Mortgage Bankers Association’s (MBA) most recent Loan Monitoring Survey shows that the total number of loans in forbearance has...

U.S. Home Prices Fell For a Fifth Straight Month in November

U.S. home prices fell for a fifth consecutive month on November, down 0.3% on an adjusted basis compared with October but up 7.7% compared...

Survey: 80 Percent of Millennial Homebuyers Are in Debt

A survey recently conducted by real estate firm Clever found 80% of would-be millennial home buyers are in debt, with nearly half (46%) $10,000...

Rising Pending Home Sales Show Buyers Returning to Housing Market

Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months, according...
housing

New Home Sales Increased 2.3 Percent in December

New home sales increased 2.3% in December compared with November but remained down 26.6% compared with December 2021, according to estimates from the U.S....

Veros: How This Housing Market Downturn is Different From 2008

How is the current housing market downturn different from the downturn of 2008-2009? A recent report from valuations solutions firm Veros lays out the reasons...

December Figures Show Mortgage Application Payments Dropped 2.9 Percent

Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing 2.9% to $1,920 from $1,977 in November. This...

Redfin Observes Housing Market Recovery Across the U.S.

The housing market has begun to recover after hitting a low point in the second week of November, according to Redfin. The number of...

CoreLogic Officially Names Selma Hepp as Chief Economist

CoreLogic has named Selma Hepp as chief economist. She was named interim chief economist in July 2022. Prior to her interim role, Hepp served...

Black Knight Data Show Mortgage Delinquencies Decreased 8 Percent by End of 2022

Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.08% at...

Waterstone Mortgage Announces Three Promotions

Sarah Carpenter has been promoted to director of marketing at Waterstone Mortgage, while Olga Rosales has been promoted to director of business insights and...

MCT Now Integrated with Freddie Mac Income Limits API

Mortgage Capital Trading’s (MCT) secondary marketing platform is now integrated with Freddie Mac’s Income Limits application programming interface (API), created for the first-time home...

Shannon Johnson: Mortgage Lenders Faced with Crowded Technology Marketplace

PERSON OF THE WEEK: Where is mortgage lending headed in 2023? With most economists forecasting low home sales due to higher rates, low inventory,...

Sales of Existing Homes Dropped Over 1 Percent in December 2022

Existing-home sales retreated for the eleventh consecutive month in December, according to the National Association of Realtors. Three of the four major U.S. regions...

Home Sale Prices Increase Incrementally with Lower Mortgage Rates, Redfin Reports

The median U.S. home-sale price increased 0.9% from a year ago to $350,250 during the four weeks ending January 15, the biggest increase in...