MCT’s Base Rate Generator Lets Lenders Share Better Rate Sheets With Their LOs
Mortgage Capital Trading (MCT) has introduced Base Rate Generator, a new solution that allows mortgage lenders to directly inform their front-end rate sheet pricing...
ATTOM: Share of Properties That Are ‘Equity Rich’ Decreased in Q1
The share of residential properties that are considered “equity rich” decreased to 45.8% in the first quarter, down from 46.1% in the fourth quarter...
CoreLogic: Home Prices Increased 1.2 Percent in March
Home prices increased 1.2% in March compared with February and were up 5.3% compared with March 2023, according to CoreLogic’s home price index report.
“Home...
GenWay Home Mortgage Joins IndiSoft’s National Housing Advocacy Platform
GenWay Home Mortgage Inc., a GNMA Issuer headquartered in Richardson Texas, has joined the NHAP, a cloud-based technology solution seamlessly connecting key stakeholders in...
Sean Faries: How Lenders Can Navigate Construction Lending Technology Options
PERSON OF THE WEEK: At a time of lower-profit margins, a growing number of mortgage lenders are looking to lift their balance sheets by...
Mortgage Rates Fall for First Time in Five Weeks
The average rate for a 30-year fixed-rate mortgage fell to 7.09% this week, down from 7.22% the previous week, according to Freddie Mac’s Primary...
NAR: Home Prices ‘Astonishingly’ Increased 3.4 Percent in Q1 Despite Higher Mortgage Rates
Despite higher mortgage rates, more than 90% of U.S. metros posted home price gains in the first quarter, according to the National Association of...
ACES Announces Partnership with Document Processing Firm Infrrd
ACES Quality Management is partnering with Infrrd to provide AI-powered intelligent mortgage document processing to clients.
When used in conjunction with ACES Quality Management &...
Planet Home Lending Hires Paul Walker as Chief Financial Officer
Paul Walker has been appointed chief financial officer at Planet Home Lending, a national mortgage lender, servicer, and asset manager.
Before joining Planet Financial Group,...
Fannie Mae: 79 Percent of Consumers Say Now is a Bad Time to Buy...
Roughly 79% of U.S. consumers say now is a bad time to buy a home, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI)...
MCT: Mortgage Lock Volume Increased 2 Percent in April Despite Rising Rates
Mortgage lock volume increased 1.87% in April compared with March, according to Mortgage Capital Trading, which offers mortgage capital markets technology.
Amidst an environment of...
Monterra Credit Union Using Dark Matter’s Empower LOS
Monterra Credit Union, a full-service financial institution serving members throughout San Mateo County, Calif., the City of Palo Alto and the San Francisco Bay...
Carrington Hires Steven Winokur as VP, Marketing, Third-Party Origination
Steven Winokur has joined Carrington Mortgage Services as vice president, marketing, third-party origination.
Previously, he was with non-QM lender Angel Oak Lending, where he served...
Are Prime Borrowers Really Still ‘Prime?’
In the current economic climate, borrowers and lenders alike are afflicted by rising inflation, elevated interest rates and changing employment patterns. Just as borrowers...
MBA: Mortgage Credit Remained Tight in April
Mortgage credit availability was basically flat in April, rising just 0.1% compared with March to reach a score of 94.0 on the Mortgage Bankers...
Strong Growth Pushes U.S. Homeowner Tappable Equity to Record $11 Trillion
Strong home price growth - propelled by a lack of inventory - pushed U.S. mortgage holders’ tappable equity to a record $11 trillion in...
Redfin: Declining Home Affordability is Hitting America’s Low-Income Buyers Hardest
The progress that was made in providing mortgages to a higher percentage of low-income homebuyers during the pandemic years has been reversed in the...
Candescent Taps Adam Johnston as SVP
Adam Johnston has joined Candescent Capital Ventures, a private equity firm specializing in investments in the prop-tech space, as senior vice president, chief program...
HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisals
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
Newfi EquityChoice Now Available in 16 More States
Newfi Lending reports that its EquityChoice product is now available in 16 additional states.
EquityChoice is a second lien, shared appreciation mortgage giving homeowners immediate...