Interest Rates Down, Mortgage Refis Up
According to the March Origination Insight Report from Ellie Mae, interest rates continued to decline in March to the lowest percentage since January 2013,...
Evolve Mortgage Services, Pavaso Team to Deliver End-to-End Digital Mortgage Experience
Evolve Mortgage Services, a provider of outsourced mortgage solutions, and Pavaso, offering digital mortgage closing technology, have teamed up to deliver a true, end-to-end digital mortgage...
Mortgage Credit Availability Fell 16.1% in March
As expected given the circumstances, mortgage credit availability dropped significantly in March, falling 16.1% to a score of 152.1 on the Mortgage Bankers Association’s...
DocMagic Intros New Feature to E-Enable Docs
DocMagic, a provider of fully-compliant loan document preparation, regulatory compliance and e-mortgage services, has launched AutoPrep, a new technology that enables the company’s Total...
Mortgage Rates Hold Steady
Mortgage rates held steady this week, according to Freddie Mac’s Primary Mortgage Market Survey.
The average rate for a 30-year fixed-rate mortgage (FRM) was 3.33%,...
Mortgage Applications Dive as Impact From Coronavirus Pandemic Worsens
Not even super-low mortgage rates can counter the devastating impact of the coronavirus pandemic on the housing and mortgage markets.
The Mortgage Bankers Association reports...
Consumer Confidence in Housing Market Plummeted in March
Consumer confidence in the housing market dropped significantly in March due to the economic turmoil inflicted by the coronavirus pandemic.
As such, Fannie Mae’s Home...
MQMR Announces a Hire and a Promotion
Scott Weintraub has joined Mortgage Quality Management and Research (MQMR) as internal audit manager.
In addition, Mabel Lee has been promoted to head of warehouse...
Ellie Mae Says Platform Ready For Coronavirus Upheaval
Mortgage origination software provider Ellie Mae is doing what it can to lessen the impact of the coronavirus pandemic on lenders by adding new...
Unemployment Rate Jumped to 4.4% in March and April Will be Worse
More than 700,000 non-farm jobs were lost in March due to the coronavirus pandemic, causing the unemployment rate to jump to 4.4%, according to...
Black Knight Takes Deep Dive into COVID-19 Effects
Black Knight Inc. has tapped its own property, home-price and loan-level mortgage data, proprietary analytics, and third-party information to develop a white paper that...
Will Coronavirus Decimate the Spring Home Buying Season?
Will the economic crisis caused by the coronavirus pandemic destroy the spring home buying season in the U.S.?
No doubt, it will have a major...
Repeat Buyers Forecast to Drive Larger Share of Market Once COVID-19 Crisis Abates
BLOG VIEW: The effects of COVID-19 have touched virtually every area of life, and all eyes have been fixed on the economy to see...
Pending Home Sales Increased in February
Pending home sales increased 2.4% in February compared with January and were up 9.4% compared with February 2019, according to the National Association of...
CFPB Delays Quarterly HMDA Reporting for Mortgage Lenders
In these difficult times, the Consumer Financial Protection Bureau (CFPB) is providing flexibility for mortgage lenders by temporarily waving the requirement to report Home...
Mortgage Rates Fall Sharply After Fed’s ‘Swift and Significant Efforts’
After rising for two consecutive weeks, mortgage rates dropped sharply, with the average rate for a 30-year, fixed-rate mortgage falling 15 basis points to...
Zillow: The Big Question is How to Limit Foreclosures
Low mortgage rates haven’t been enough to counter the devastating effect of the coronavirus pandemic on the U.S. housing market.
”The U.S. housing market has...
MBA: Most Profitable Fourth Quarter Since 2012
Mortgage bankers realized a net gain of $1,182 on each loan they originated in the fourth quarter, down from $1,924 per loan in the...
Coronavirus Drags Down Mortgage Applications Nearly 30 Percent
The economic impact of coronavirus resulted in mortgage application volume plummeting 29.4% on an adjusted basis during the week ended March 20, according to...
Existing-Home Sales Jumped in February
Here’s some uplifting pre-COVID-19 housing data: Existing-home sales were at an annual rate of 5.77 million in February, an increase of 6.5% compared with...