MBA: Homebuyer Affordability Improved in June
The national median payment applied for by purchase applicants in June decreased to $2,167, down from $2,219 in May, according to the Mortgage Bankers...
Atlantic Coast Mortgage Using Nextwave CRM
Atlantic Coast Mortgage is using Nextwave CRM by CRMnow as its enterprise CRM platform for loan officers across all 30 states where it operates.
Atlantic...
Freddie Mac: Mortgage Rates Basically Flat
Mortgage rates were basically flat this week compared with last week, as the average rate for a 30-year increased slightly to 6.78%, up from...
Neighborhood Credit Union Using FirstClose to Streamline Home Equity Lending
Neighborhood Credit Union is using FirstClose to streamline its home equity lending operations.
Headquartered in Dallas, Neighborhood Credit Union has 14 branches throughout Texas serving...
Redfin: The Share of Homes Sitting on the Market Longer Than a Month Increased...
Nearly two-thirds (64.7%) of homes that were on the market in June had been listed for at least 30 days without going under contract,...
Informative Research Expands Integration with Equifax’ The Work Number to Provide New Options
Verification solutions provider Informative Research has expanded its integration with Equifax’ The Work Number income and employment information.
With this enhancement, Informative Research provides its...
New Home Sales Decreased 0.6 Percent in June as Buyers Wait for Rates to...
New home sales fell 0.6% in June compared with May to reach a seasonally adjusted annual rate of 617,000, according to estimates from the...
Mortgage Applications Fell 2.2 Percent Last Week Despite Dip in Rates
Despite a slight dip in rates, mortgage application volume fell 2.2% during the week ended July 19, according to the Mortgage Bankers Association’s (MBA)...
Optimal Blue Adds New Generative AI Assistant Capabilities
Capital markets technology firm Optimal Blue has launched generative AI capabilities centered on helping mortgage lenders maximize profitability on every loan transaction.
Through direct engagement...
NAR: Existing-Home Sales Fell 5.4 Percent in June
Existing-home sales decreased 5.4% in June compared with May to a seasonally adjusted annual rate of 3.89 million, according to the National Association of...
MMI Taps Dan Jones as Chief Data Officer as It Expands Data Initiatives and...
Dan Jones, a seasoned data and artificial intelligence (AI) strategist, has joined Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools...
Federal Agencies: Lenders Must Implement QC Standards for AVMs
Mortgage lenders and secondary market issuers must implement quality control standards for the automated valuation models (AVMs) they use in valuing homes, as per...
Wholesale Lender 5th Street Capital Using OptifiNow TPO
Non-QM wholesale lender 5th Street Capital is using the OptifiNow TPO as its new sales management and marketing solution.
The San Diego-based mortgage lender is...
Kiavi Closes $350 Million Unrated Securitization of Residential Transition Loans
Kiavi, a provider of capital to residential real estate investors, has closed a $350 million unrated securitization of residential transition loans.
This marks Kiavi’s 18th transaction under its LHOME shelf, bringing the company’s total issuance to more than $4.7...
Home Buyers Might be ‘Waiting in Vain’ for Mortgage Interest Rates to Fall
Although homebuyers have gained back purchasing power since April, most continue to sit on the sidelines in the hope that the Fed will cut...
Agencies Finalize Rule Allowing Consumers to Contest Real Estate Appraisals
Five federal regulatory agencies including the Consumer Financial Protection Bureau have finalized a rule that allows home buyers to request a reassessment of an...
Home Prices Increased 1.3 Percent During the Second Quarter
Single-family home prices increased a seasonally adjusted 1.3% during the second quarter, down from a revised 2.0% in the first quarter, according to Fannie...
Applications for New Home Purchases Plummeted in June
Applications for mortgages for new home purchases plummeted 16% in June compared with May and were down 0.7% compared with June 2023, according to...
Mortgage Rates Decrease for a Second Week; 30-Year Falls to 6.77 Percent
Mortgage rates decreased for a second week as the average rate for a 30-year fell to 6.77%, down from 6.89% last week, according to...
U.S. Home Purchases by International Buyers Dropped During the Past Year
International buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2% from the prior year, according to...