Thursday, February 29, 2024
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FHFA: U.S. Home Prices Increased 6.5 Percent Over the Last Year

U.S. home prices increased 1.5% in the fourth quarter compared with the third quarter and were up 6.5% compared with the fourth quarter of...

MBA: Mortgage Applications Dropped Last Week Despite Dip in Rates

Mortgage application volume fell 5.6% during the week ended February 23, as the average rate for a 30-year, fixed-rate mortgage fell to 7.04%, down...

Case-Shiller: Home Prices Continued to Rise Steadily in December

U.S. home prices increased 0.2% on an adjusted basis in December compared with November and were up 5.5% compared with December 2022, as the...

Click n’ Close Taps Polly Cracchiolo as an AE for its TPO Sales Team

Polly Cracchiolo has joined Click n' Close’s third-party originator (TPO) sales team as an account executive. Click n' Close is a multi-state mortgage lender serving...

New Home Sales Increased in January as Economic Data Improved

New home sales in January were at a seasonally adjusted annual rate of 661,000, an increase of 1.5% compared with December and an increase...

Todd Maki: Digital Closings Transform the Borrower Experience

PERSON OF THE WEEK: Digital closings - including hybrid and all-digital - have been in use for years now, but mortgage technology companies continue...

MBA: Average Rate for 30-Year Almost Hit 7 Percent This Week

The average rate for a 30-year fixed-rate mortgage increased to nearly 7% this week. It was the third consecutive week that mortgage rates increased, according...

Xactus Promotes Michael Crockett to Chief Operating Officer

Michael Crockett has been promoted to chief operating officer for Xactus, which offers borrower verifications for the mortgage industry. Crockett has more than 25 years...

NAR: Existing-Home Sales Increased 3.1 Percent in January as Inventory Increased

Existing-home sales increased in January, rising 3.1% compared with December but down 1.7% compared with January 2023, according to the National Association of Realtors...

Clear Capital Updates Universal Data Collection Product to Align with UPD

Clear Capital has updated its proprietary data collection product Universal Data Collection (UDC) to deliver the Uniform Property Dataset (UPD), Fannie Mae and Freddie...

Mortgage Cadence Launches New Version of LOS

Mortgage Cadence, an Accenture company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS). The company launched MCP in 2021...

Mortgage Applications Plummeted Last Week as Average Rate for a 30-Year Rose Above 7...

Mortgage application volume dropped 10.6% last week as the average rate for a 30-year fixed-rate mortgage increased to 7.06%, up from 6.87% the previous...

First American: Annual Home Price Growth May Have Peaked in December

U.S. home prices increased 0.3% in December compared with November and were up 7.2% compared with December 2022, according to First American’s home price...

Dark Matter Empower LOS Now Integrated with Truv Income and Employment Verifications

Truv, which offers income and employment verifications, is now integrated with Dark Matter Technologies' Empower LOS and Exchange Service Network. The integration accelerates loan processing,...

Redfin: Housing Market Lost Some Steam in January

The housing market slowed down in January as mortgage rates went back on the rise mid-month and home prices increased more rapidly, according to...

Clever Real Estate Launches Title and Escrow Company

Clever Real Estate has launched a new title company appropriately dubbed Clever Title. Clever Title is a modern, tech-forward title and escrow company designed to...

MBA: Applications for New Home Purchases Jumped 38 Percent in January

Applications for mortgages for new home purchases increased 38% on an unadjusted basis in January compared with December and were up 19.1% compared with...

Housing Starts Fell Nearly 15 Percent in January as Mortgage Rates Went Back on...

Housing starts tumbled in January, falling 14.8% compared with December to reach a seasonally adjusted annual rate of 1.331 million, according to estimates from...

American Financial Network Using Snapdocs as Part of its Digital Closing Strategy

American Financial Network is using Snapdocs’ e-closing and e-vault solutions to accelerate retail digital closing adoption, improve margins, and increase secondary market efficiency. Snapdocs will...

NAHB: Homebuilder Confidence Increased for Third Straight Month in January

Homebuilder confidence continued to increase in January, rising four points to a score of 48 on the National Association of Home Builders (NAHB)/Wells Fargo...