For Now, Boosting Home Construction is Best Way to Address Inventory Shortage
The pandemic has resulted in unprecedented demand for single-family homes - in particular detached homes with amenities such as swimming pools, outdoor patios, fire...
Mortgage Rates Continue to Hit New Lows While Home Sales Have ‘Hit a Wall’
The average rate for a 30-year fixed-rate mortgage hit yet another record low this week, at 2.71% - the lowest ever recorded by Freddie...
Mortgage Applications Dipped Slightly Last Week But Were Still Up 28 Percent Year Over...
Mortgage application volume dipped 0.6% on an adjusted basis during the week ended Nov. 27, as the average rate for a 30-year fixed-rate mortgage...
Flagstar Announces Startups for MortgageTech Accelerator Program
Flagstar Bank has announced the second cohort of startups to participate in the Flagstar MortgageTech Accelerator program.
The three companies are Home Lending Pal, Stavvy...
Home Prices Continued to Rise in October, But There is Greater Disparity Among Metros
Due to heightened demand and ongoing supply constraints, U.S. home prices increased 1.1% in October compared with September and were up 7.3% compared with...
Uday Devalla: Mortgage Servicers Can Boost Retention, Engagement with Technology
PERSON OF THE WEEK: Mortgage lenders have made great strides in automating the origination process and delivering a smooth and intuitive customer experience for...
NMLS Annual Renewal Period Ends December 31
BLOG VIEW: In order to continue operating in 2021, mortgage companies, money services businesses, and debt and consumer finances companies must renew their license...
New Home Sales Up 41.5 Percent Year Over Year
New home sales were at a seasonally adjusted annual rate of 999,000 in October, down 0.3% compared with September but up 41.5% compared with...
ServiceLink Hires Ryan Vogt as VP, National Sales Representative
Ryan Vogt recently joined ServiceLink as vice president, national sales representative for both origination and default clients.
Vogt has 13 years of client-centered sales and...
Mortgage Applications Jumped Again on Lower Rates
Due mainly to mortgage rates hitting yet another all-time low, mortgage application volume jumped 3.9% during the week ended Nov. 20, with applications for...
Case-Shiller: Home Price Appreciation Continued to Accelerate in September
U.S. home prices increased 1.4% on an adjusted basis in September compared with August and were up 7.0% compared with September 2019, according to...
This Thanksgiving, the Mortgage Industry Has a Lot to Be Thankful For
BLOG VIEW: Thanksgiving 2020 is going to be different from other years. Some of us may not be able to celebrate it with our...
Applications For New Home Purchases Jumped 5 Percent in October
Applications for mortgages for new home purchases jumped 5% in October compared with September and were up 32.9% compared with a year ago, according...
Mortgage Rates Hit New Record Low
Mortgage rates hit another record low this week, with the average rate for a 30-year fixed-rate mortgage falling to 2.72%, down from 2.84% last...
Existing-Home Sales Increased For Fifth Consecutive Month in October
Existing-home sales in October were at a seasonally-adjusted annual rate of 6.85 million, an increase of 4.3% compared with September and up 26.6% compared...
Mortgage Applications Dipped For a Second Week But Remain Up From a Year Ago
Mortgage application volume dipped 0.3% on an adjusted basis during the week ended Nov. 13, according to the Mortgage Bankers Association's (MBA) Weekly Applications...
Housing Starts Jumped in October as Inventory Continues to Dwindle
Housing starts were at a seasonally adjusted annual rate of 1.53 million in October, an increase of 4.9% compared with 1.46 million in September...
First American: Housing Market Mustered a ‘Historic Rebound’ This Fall
Existing-home sales for October are anticipated to come in at a seasonally adjusted annualized rate of 5.98 million, up nearly 21% compared with April,...
New Release of ClosingCenter Features Remote Online Notarization Capabilities
eOriginal has released ClosingCenter 2.3, which includes the Remote Online Notarization (RON) Hub, offering lenders increased flexibility for delivering remote and contactless mortgage closings.
Building...
Fred Gooch: Key Considerations When Deploying E-Closing Technology
PERSON OF THE WEEK: The pandemic has accelerated mortgage lenders’ adoption of digital e-closing solutions. In addition to the need to conduct business with...