MBA: Mortgage Credit Availability Loosened in October
Mortgage credit availability increased 2.3% in October compared with September to reach score of 121.3 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...
Planet Home Lending Taps Michele Kryczkowski as SVP of National Fulfillment
Mortgage industry veteran Michele Kryczkowski has joined Planet Home Lending as senior vice president of national fulfillment.
Kryczkowski has 14 years of mortgage industry experience....
Navigating the Risk of Onboarding New Loans During a Global Pandemic
BLOG VIEW: The year began with what seemed to be a lot of promise and favorable outlook. However, after the first couple of months...
Mortgage Rates Increase Slightly From Record Lows
The average rate for a 30-year fixed-rate mortgage increased to 2.84% this week, up from an all-time low of 2.78% last week but way...
Tedd Smith: COVID-19 Crisis Has Accelerated Adoption of Digital Mortgage Technologies
PERSON OF THE WEEK: Ask any residential mortgage lender, and chances are they will tell you that the COVID-19 crisis was a watershed moment...
FHFA Validates GSEs’ Use of Classic FICO Credit Score Model
The Federal Housing Finance Agency (FHFA) has given Fannie Mae and Freddie Mac the green light to use the Classic FICO credit score model...
MISMO Selects HUD Policy Guru as its New President
The Mortgage Industry Standards Maintenance Organization (MISMO), the standards development organization for the residential and commercial finance industry, has named Seth Daniel Appleton as...
Fannie Mae: Consumers More Optimistic About Both Home Buying and Selling
Fannie Mae says its Home Purchase Sentiment Index (HPSI) increased 0.7 points in October to 81.7: the third consecutive month where sentiment has increased.
Three...
Unemployment Rate Fell to 6.9 Percent in October
The U.S. economy added about 638,000 jobs in October and the unemployment rate dropped to 6.9%, according to the U.S. Bureau of Labor Statistics.
Notable...
Focus on Core Values, Not Culture, for Successful Hiring
BLOG VIEW: Every organization has a culture. We all integrate some component of that culture into the interview and hiring process. We focus on...
Planet Home Lending Hires Ben Hughes as Chief Human Resources Officer
Ben Hughes has joined Planet Home Lending, a national lender and servicer, as executive vice president and chief human resources officer.
Hughes has more than...
ATTOM: ‘Market Continues to Defy the Broad Downturn’
The third-quarter 2020 U.S. Home Equity & Underwater Report from ATTOM Data Solutions shows that 16.7 million residential properties were considered equity-rich, meaning that...
Lower and Lower: Freddie Mac Says Rates Set Another Record
Freddie Mac’s Primary Mortgage Market Survey for the week ending Nov. 5 found that the 30-year fixed-rate mortgage averaged 2.78 percent - another new...
Tanya Brennan: Tips For Hiring Top Mortgage Talent During the Pandemic
PERSON OF THE WEEK: The COVID-19 crisis has presented many challenges for mortgage lenders and servicers alike - but one of the biggest problems...
Mortgage Applications Jump 3.8 Percent as Refinance Activity Remains Strong
Mortgage applications increased 3.8% during the week ended Oct. 30, driven mainly by a 6% increase in refinance volume, according to the Mortgage Bankers...
LOGS Network is Now LOGS Legal Group
LOGS Network, a provider of legal and outsourcing solutions for the residential mortgage industry, has changed its name to LOGS Legal Group.
The name change...
Lack of Inventory Continues to Push U.S. Home Prices Upward
Driven by strong demand and lack of inventory, U.S. Home prices increased 1.1% in September compared with August and were up 6.7% compared with...
Pending Home Sales Dropped in September But Remain Up Compared to Last Year
After rising for four consecutive months, pending home sales decreased in September, falling 2.2% compared with August to reach a score of 130.0 on...
Mortgage Network Taps Michael McSharry as LO for its Boston Office
Michael McSharry has joined Mortgage Network as a loan officer in the lender’s Boston office.
McSharry will be responsible for serving homebuyers and homeowners throughout...
Mortgage Rates Hold Steady as Volume Remains Strong
The average rate for 30-year fixed-rate mortgage held steady at 2.81% this week, up slightly from 2.80% last week but down significantly from 3.78%...