ADP: More Than 20 Million Jobs Were Lost in April
More than 20 million jobs were lost in April due to the COVID-19 crisis - more than double the total jobs lost during the...
Home Prices Continued to Rise in March, Despite COVID-19 Crisis
Despite the coronavirus pandemic and subsequent financial crisis, U.S. home prices continued to climb in March, rising 1.3% compared with February and rising 4.5%...
Purchase Applications Increase For a Third Straight Week
Despite the coronavirus pandemic and rising unemployment, mortgage applications for home purchases increased 6% on an adjusted basis during the week ended May 1,...
Rate of Requests For Mortgage Forbearance Plans Has Slowed in Recent Weeks
As of April 30, more than 3.8 million U.S. homeowners were in COVID-19-related forbearance plans, representing 7.3% of all mortgages - however, the rate...
FHFA Taps Kate Fulton as Chief Operating Officer
Kate Fulton is the new chief operating officer (COO) at the Federal Housing Finance Agency (FHFA).
Fulton was previously COO for the Consumer Financial Protection...
Mortgage Rates Plummet to All-Time Lows
Mortgage rates hit an all-time low this week, with the average rate for a 30-year, fixed-rate mortgage falling 10 basis points to 3.23%, down...
CFPB Relaxes TRID Rule to Help Lenders During Crisis
To help make things easier on both mortgage lenders and borrowers during this time of crisis, the Consumer Financial Protection Bureau (CFPB) is loosening...
Brad Sivert: Most iBuying Has ‘Completely Paused’ in Response to Pandemic
PERSON OF THE WEEK: Tavant is a high-tech engineering and thought leadership firm that develops digital lending technologies.
The company recently announced it is expanding...
Purchase Applications Increased 12% Last Week to Highest Level in Nearly a Month
Mortgage application volume fell 3.3% on an adjusted basis during the week ended April 24, according to the Mortgage Bankers Association's (MBA) Weekly Applications...
Home Prices Continued to Rise in February
U.S. home prices continued to increase in February, when the economy was still gaining momentum and the coronavirus pandemic was just beginning to reach...
Homespire Mortgage Taps Shondra Jenkins as Director of Philanthropy and Community Engagement
Shondra B. Jenkins recently joined Homespire Mortgage (HMC), a national residential mortgage lender, as director of philanthropy and community engagement.
Jenkins has nearly 20 years...
Brian Lynch: Amidst Refinancing Boom and Reduced Interest Rates, Institutions Use Financial Data to...
PERSON OF THE WEEK: Brian Lynch is the president of Irvine, Calif-based Advantage Systems, a provider of accounting and financial management tools for the...
Mortgage Rates Up Slightly This Week
Mortgage Rates increased slightly this week, with the average rate for a 30-year, fixed-rate mortgage rising to 3.33%, up from 3.31% last week but...
Tavant Says its FinConnect Platform Saw ‘Massive’ Volume Spike in March
Tavant, a provider of AI-powered digital lending technologies, reports that as of March its FinConnect platform had processed more than 10 million digital mortgage...
MISMO Rolls Out RON Certification Program
MISMO, the mortgage industry's standards organization, has introduced a new remote online notarization (RON) certification program for RON providers and mortgage industry participants.
"Digital mortgage...
Purchase Applications Increased Despite Pandemic
Mortgage application volume dipped 0.3% on an adjusted basis during the week ended April 17, according to the Mortgage Bankers Association's (MBA) Weekly Applications...
Pandemic Took a Chunk Out of March Existing-Home Sales
The coronavirus pandemic took a chunk out of existing-home sales in March, falling 8.5% compared with February, according to the National Association of Realtors.
However,...
Bradford Technologies Launches Social Distancing Solution For Home Appraisers
Bradford Technologies, a provider of appraisal technology solutions, has launched OnSight, a web-based application that enables appraisers to adhere to social distancing protocols while...
New LoanLogics Solution Automates Document Classification and Data Extraction
LoanLogics, offering loan quality technology for mortgage manufacturing and loan acquisition, has launched LoanLogics IDEA OnDemand, a cloud-native digital assistant that helps originators automate...
Mortgage Rates Remain at Near-Historical Lows
Mortgage rates continued to hover near all-time lows this week, as the average rate for a 30-year fixed-rate mortgage dipped to 3.31%, down from...