Mortgage Rates Flat This Week
Mortgage rates were flat this week, with the average rate for a 30-year fixed rate mortgage at 6.58%, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Inched Up in July as Inventory Increased
Existing-home sales were at a seasonally adjusted annual rate of 4.01 million in July, an increase of 2.0% compared with June and an increase...
Westcor Launches Wire Verification Tool to Protect Real Estate Transactions
Westcor Land Title Insurance Company has launched val-Wire by Westcor, a wire verification tool delivers protection for title agents and keeps them ahead of real...
ACES: Loan Quality Risk Increasing as Market Pressures Mount
The overall critical defect rate for mortgage loans post-closing increased to 1.31% in the first quarter, ending a two-quarter improvement streak, according to the...
Mortgage Applications Fell Last Week While Rates Remained Flat
Mortgage application volume decreased 1.4% during the week ended August 15, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
The average rate for...
MBA: With Production Up, Mortgage Bankers Turned a Profit in Q2
Mortgage bankers saw a pre-tax net production profit of $950 on each loan they originated in the second quarter, a big improvement compared with...
NotaryCam Now Certified to Deliver RON Services in Vermont
NotaryCam has been certified to deliver secure, online digital notarizations in Vermont.
The state recently passed legislation enabling remote online notarization (RON).
“RON can not only...
Housing Starts Increased in July But Homebuilders Continue to Face Stiff Headwinds
Housing starts in July were at a seasonally adjusted annual rate of 1.428 million, an increase of 5.2% compared with June and up 12.9%...
Optimal Blue: Non-QM Lending Hit Highest Share on Record in July at 8 Percent
Mortgage lock volume decreased 3% in July compared with June, led by a nearly 5% drop in purchase activity, according to Optimal Blue’s Market...
Snapdocs Now Integrated With Tavant’s FinConnect
Snapdocs’ e-closing platform is now integrated with Tavant’s FinConnect plug-and-play integration platform, thus enabling lenders to automate and accelerate mortgage workflows.
The partnership gives lenders...
Applications for New Home Purchases Increased 7 Percent in July
Applications for mortgages for new home purchases increased 7% in July compared with June and were up 6.8% compared with July 2024, according to...
MBA: Mortgage Delinquency Rate Decreased in Q2
The mortgage delinquency rate for residential properties decreased to 3.93% in the second quarter, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
That’s...
TransUnion: Mortgage Originations Increased 5 Percent in the Past Year Driven by Refinances
Despite ongoing pressure from elevated interest rates and persistently high home prices, mortgage originations edged up 5.1% year-over-year in the first quarter, according to TransUnion’s...
Mortgage Rates Fall to Lowest Level Since October
Mortgage rates continued to fall this week, with the average rate for a 30-year, fixed-rate mortgage dropping to 6.58%, down from 6.63% last week,...
Sandeep Shivam: With AI, Home Buying Could be as Seamless as Purchasing a Car
PERSON OF THE WEEK: For the mortgage lending industry, artificial intelligence (AI) holds great promise to reaching the end goal of a fully digital,...
AnnieMac Home Mortgage Acquires Certain Assets of Home Solution Lenders
AnnieMac Home Mortgage has acquired certain assets of Florida-based lender Home Solution Lenders Inc. (HSL) for an undisclosed sum.
Acquiring HSL’s construction-to-permanent (CTP) loan expertise,...
Two-Thirds of Recent Gen Z and Millennial Home Buyers are Counting on Rate Drops
Desperate times call for desperate measures.
Faced with high mortgage rates and high home prices, some homebuyers - particularly younger and first-time home buyers -...
Applications for Refinances Surged on Lower Rates Last Week
Mortgage application volume surged 10.9% on an adjusted basis last week, driven mainly by a sharp increase in applications for refinances, as rates dropped,...
Flyhomes Secures $15 Million Series D Funding
Flyhomes, which offers a wholesale “buy before you sell” loan program, has secured $15 million in Series D funding, led by existing investors.
The capital...
Mortgage Bankers Association Nominates John Hedlund to Serve as Vice Chairman
John Hedlund has been nominated to serve as vice chairman of the Mortgage Bankers Association for the 2026 membership year.
A prominent MBA voice and...