U.S. Home Prices Increased Again in August, Despite Pandemic
U.S. home prices continued to increase at a modest rate in August, rising 1.0% on a seasonally adjusted basis compared with July, according to...
How Client References Fuel Sales Growth
BLOG VIEW: One of the most powerful ways a company can fuel its sales is to have its clients sell on its behalf.
That doesn’t...
Mortgage Applications Dipped Slightly Last Week as Rates Increased
Mortgage application volume basically held steady, dipping 0.6% during the week ended October 16, according to the Mortgage Bankers Association's (MBA) Weekly Applications Survey.
Applications...
Planet Home Lending Adds Jerrold David, Walt Nally as Part of West Coast Expansion
Jerrold David has joined Planet Home Lending as regional sales manager in the Greater Los Angeles area.
In addition the lender has hired Walt Nally...
LenderClose Adds Five New Hires to its Team
LenderClose, a proprietary, technology-focused lending platform that injects speed and efficiency into the lending process, recently announced five new hires.
Rebecca Blitstein has joined the...
Average Rate for 30-Year Mortgage Drops to Record Low
The average rate for a 30-year fixed-rate mortgage dropped to 2.80% this week, the lowest it’s been since at least 1971, according to Freddie...
Foreclosure Activity Hit a Record Low in Q3, Despite COVID-19 Crisis
Foreclosure activity has, for all intents and purposes, ground to a halt due to moratoria put in place by the federal, state and local...
SWBC Mortgage CEO Takes Helm of MBA
Susan Stewart, CEO of SWBC Mortgage Corp., has been sworn in as chairwoman of the Mortgage Bankers Association (MBA).
Stewart has been an active MBA...
More Than 6 Million Missed Their Rent, Mortgage Payments in September
More than 6 million households did not make their rent or mortgage payments in September, according to a report from the Mortgage Bankers Association's...
Average Rate For 30-Year Mortgage Hits Lowest Level Since 1971
The average rate for a 30-year fixed-rate mortgage dropped to 2.81% this week - the lowest its been since 1971, according to Freddie Mac’s...
Applications for New Home Purchases Dipped in September But Were Up Year-Over-Year
Applications for mortgages for new home purchases fell 5% in September compared with August but were up 38.2% compared with September 2019, according to...
Steve Richman: Tips For Creating Engaging Video Content for Social Media
PERSON OF THE WEEK: How can mortgage lenders create engaging video content for social media?
To find out, MortgageOrb recently interviewed Steve Richman, a national...
Agility: A Key Attribute for Mortgage Lenders in a Volatile Market
BLOG VIEW: For any mortgage lender operating in a volatile market, agility is a key attribute.
This is especially true in the current scenario: demand...
Redfin: U.S. Luxury Home Sales Have Soared During the Pandemic
U.S. luxury home sales increased 41.5% year-over-year in the third quarter, according to a new report from Redfin.
That’s the largest jump since at least...
OptifiNow Partners with Digideck to Enable Users to Deliver Customized Presentations to Prospects
OptifiNow, a provider of CRM and marketing automation solutions, recently announced a partnership with cloud-based presentation platform, Digideck, that enables users of OptifiNow to...
FormFree Granted U.S. Patent for its Approach to Credit Decisioning
FormFree, a provider of automated asset, income and employment verification solutions to mortgage lenders, reports that it has received a U.S. Patent for its...
The Emerging Paradox: Mortgage Delinquencies on the Rise, Along with Home Sales
There is an emerging paradox in the U.S. housing market: home sales are rising and demand has never been stronger - yet mortgage delinquencies...
Homeowners Continue to Exit Mortgage Forbearance Plans
The share of mortgages in COVID-19-related forbearance plans fell to 6.32% of servicers' portfolio volume during the week ended Oct. 4, down from 6.81%...
Promontory MortgagePath Taps Theresa Sloan as Managing Director, National Mortgage Operations
Theresa Sloan recently joined Promontory MortgagePath, a provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, as managing director, national mortgage operations.
Sloan has...
Mortgage Credit Tightened in September
Mortgage credit availability decreased in September, falling 1.9% to a score of 118.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
A...