Mortgage Rates Remain Flat as Economic Rebound Slows
Mortgage rates remained basically flat this week, as the average rate for a 30-year, fixed-rate mortgage stood at 2.87%, down slightly from 2.88% last...
Applications for Refinances Jump 8 Percent on Lower Rates
Driven by an 8% increase in refinance volume - resulting from another drop in mortgage rates - total mortgage application volume increased 4.6% during...
COVID-19 Crisis Has Shifted How Millennials Shop For Homes
New data shows millennials are speeding up their home purchases and are willing to adjust the way they virtually search for and buy a...
Ellie Mae Integrates REPAY Technology with LOS
Payment solutions provider REPAY has formed a partnership with Ellie Mae whereby Ventanex, a REPAY company, will integrate its payments and messaging solutions with...
CoreLogic: Home Price Appreciation Expected to Slow in 2021
U.S. home prices increased about 1% in August compared with July and were up 5.9% compared with August 2019, according to CoreLogic.
Driving the increase...
Unemployment Falls, But There Are Worrisome Trends for Housing Market
The U.S. economy added 661,000 jobs in September and the unemployment rate fell to 7.9%, however, initial jobless claims remain elevated and the labor...
Mortgage Rates Dip Slightly
The average rate for a 30-year fixed-rate mortgage dipped to 2.88% this week, down slightly from 2.90% last week, according to Freddie Mac’s Primary...
Axia Home Loans Rolls Out Wholesale Operations
Bellevue, Wash.-based Axia Home Loans has launched Unified Reliance Wholesale (UR Wholesale), with an initial focus on mortgage lending on the West Coast, particularly...
Matt Wood: Lenders Must Be ‘in Concert with the Consumer at the Moment of...
PERSON OF THE WEEK: Mortgage lenders have now fully realized that the transition to an all-digital mortgage process is critical to their success. While...
Pending Home Sales Increase Yet Again in August
Pending home sales increased for a fourth consecutive month in August, rising 8.8% to a score of 132.8 on the National Association of Realtors’...
Mortgage Applications Fall as October Approaches
Total mortgage application volume fell 4.8% during the week ended Sept. 25, with most of the dip resulting from a 7% decrease in applications...
Rate of Defects in Mortgage Applications Continues to Fall
The rate of defects in mortgage applications continued to decrease in August, due mostly to the fact that applications for refinances made up a...
PollyEx Debuts Product, Pricing and Eligibility Engine
PollyEx Inc., a provider of SaaS solutions for the mortgage industry, has released its product, pricing and eligibility (PPE) engine, designed to allow lenders...
FirstClose Integrates with Simplifile, CSC to Offer E-Recording
FirstClose, a leading provider of technology solutions for mortgage lenders nationwide, has integrated with Simplifile and CSC to offer full-service and self-service e-recording on...
Gores Holdings to Acquire UWM, Take Wholesale Lender Public
Global private equity firm Gores Holdings IV plans to merge with United Wholesale Mortgage and take the company public.
The combined company will operate under...
Nomis Reports Strong Adoption of its nSight for Mortgage Platform
Fintech firm Nomis reports that it is seeing widespread adoption of its nSight for Mortgage lending platform.
Since its launch earlier this year, subscriptions to...
Rates Rise But 30-Year Remains Well Below Three Percent
Mortgage rates increased slightly this week, with the average rate for a 30-year fixed-rate mortgage rising to 2.90%, up from 2.87% last week, according...
New Home Sales Jumped Again in August But Supply is Dwindling
Sales of newly built single-family homes jumped 4.8% on an adjusted basis in July compared with August, reaching an annual rate of 1.011 million,...
Mortgage Applications Jump 6.8 Percent
After decreasing the previous week, mortgage application volume bounced back during the week ended Sept. 18, according to the Mortgage Bankers Association’s (MBA) Weekly...
Existing-Home Sales Increased For Third Straight Month in August
Existing-home sales increased for a third consecutive month in August, rising 2.4% compared with July to a seasonally-adjusted annual rate of 6 million, according...