Waterstone Mortgage Relocates Home Office to Brookfield, Wis.
Waterstone Mortgage has relocated its home office to Brookfield, Wis.
Previously located in Pewaukee, Wis., the move comes as part of the lender’s initiative to...
Mortgage Applications Jump as Rates Decrease
Mortgage application volume surged 16.8% last week as mortgage rates tumbled, with most of the increase coming from refinances, according to the Mortgage Bankers...
Motto Mortgage Opens New Location in Michigan
Motto Mortgage reports that it has opened a new franchise location in Marquette, Mich.
Motto Mortgage Express is now open and serving all markets throughout...
Home Builders Saw Credit Tighten in Q2
Home builders experienced tightening credit in the second quarter, according to the National Association of Home Builders (NAHB).
About 85% of respondents to a survey...
Fannie Mae Selling Pool of Reperforming Loans With UPB of About $611.2 Million
Fannie Mae is auctioning a pool of approximately 3,119 reperforming loans with an unpaid principal balance of approximately $611.2 million as part of its...
Home Sales Prices Increased in Fewer Markets in Q2
Single-family existing-home sales prices increased in 89% of U.S. metro areas in the second quarter, down from 93% in the first quarter, according to...
Freddie Mac Single-Family CRT Program Marks Milestone
Freddie Mac reports that its Single-Family Credit Risk Transfer (CRT) Program has closed its 100th ACIS (Agency Credit Insurance Structure) transaction.
Since the first transaction...
Total Value of U.S. Housing Stock Has Reached Record $49.6 Trillion
The total value of U.S homes gained $3.1 trillion over the past 12 months to reach a record $49.6 trillion, according to a report...
Lock Volume Increased 3.5 Percent in July, Driven by Refinances
Mortgage refinance demand surged in July to levels not seen since September 2022 amid softening interest rates, Optimal Blue reports.
The lower interest rates seen...
90-Day Sales Manager Launches Activity-Based CRM for Mortgage Teams
Coaching platform provider 90-Day Sales Manager has launched an activity-based CRM system with built-in coaching and accountability for mortgage teams at credit unions and...
TidalWave SOLO Now Integrated With Freddie Mac Loan Product Advisor
Financial technology provider TidalWave reports that its purposely built AI copilot engine SOLO is now integrated with Loan Product Advisor (LPA), Freddie Mac's automated underwriting...
LoanPASS Integrated With BankingBridge
LoanPASS, which offers configurable loan decisioning and pricing technology, is now integrated with lead-generation platform BankingBridge.
The integration makes it easier for mortgage lenders to...
Mortgage Capital Trading Wins Patent for Security Spread Commitment Used in MCT Marketplace
Mortgage Capital Trading reports that it has been awarded a patent for the security spread commitment used in MCT Marketplace, its mortgage asset exchange.
The...
Mortgage Credit Availability Increased 3.3 Percent in July
Mortgage credit availability increased in July, rising 3.3% compared with June to a score of 98.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Mortgage Rates Plunge in Reaction to Market Turbulence
Mortgage rates plummeted this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.47%, down from 6.73% last week and down...
Data Show Share of Mortgages to Black, Hispanic and Asian Borrowers Increased in 2023
Mortgage lenders - including banks, savings associations, credit unions, and mortgage companies - made progress in terms of boosting the share of loans to...
Zillow Group Names Jeremy Wacksman New CEO
Jeremy Wacksman is the new CEO of Zillow Group.
Wacksman had been serving as chief operating officer.
He has also been appointed to the company's board...
Consumers’ View of the Housing Market Remained Grim in July
Consumer confidence in the housing market decreased slightly in July compared with June but was up 4.7 points compared with July 2023, as per...
Nearly One in Five House Hunters Willing to Trade Safety for Affordability
Nearly one in five house hunters (17.3%) are willing to sacrifice their physical safety to find a home they can afford within the next...
Refi Applications Take Off as Mortgage Rates Drop
Mortgage application volume jumped 6.9% during the week ended August 2 as the average rate for a 30-year based on closings decreased to 6.55%,...