Zillow: Inventory Gap Grew to 4.5 Million Homes in 2022
The U.S. housing shortage grew to 4.5 million homes in 2022, up from 4.3 million in 2021, according to a report from Zillow.
The report...
Mortgage Applications Inched Up Last Week as Rates Dipped Again
Mortgage application volume increased 0.9% during the week ended June 14, as the average rate for a 30-year fixed-rate mortgage decreased 6.94%, down from...
Embrace Home Loans Promotes Greg Dalgarno to Director of Builder Services
Greg Dalgarno has been promoted to director of builder services at Embrace Home Loans.
Dalgarno, who was previously sales manager. has more than 20 years...
Patelco Credit Union, FHLBank San Francisco Partner on DPA Program for First-Time Homebuyers
To help more greater Bay Area residents achieve the dream of homeownership, Patelco Credit Union is partnering with FHLBank San Francisco on a first-time...
Carrington Promotes Brett Wilbur to EVP, CIO
Brett Wilbur has been promoted to executive vice president, chief information officer, at The Carrington Companies.
Wilbur has been with Carrington for 17 years. He...
Redfin: Home Price Growth Slowed in May
U.S. home prices increased 0.3% month-over-month in May - the smallest increase on a seasonally adjusted basis since January 2023, according to Redfin.
Year-over-year, prices...
LoanDepot Promotes Viviana Abarca to Managing Director of Mortgage Lending Operations
Viviana Abarca has been promoted to managing director of mortgage lending operations at loanDepot.
Abarca will report directly to loanDepot president and CEO Frank Martell...
New American Funding Launches NAF Black Impact
New American Funding, a national mortgage lender, has launched NAF Black Impact, formerly known as NAF Dream, a program that empowers and supports the...
Adfitech Rebrands as Mortgage Connect Risk Solutions
To reflect its place under the umbrella of its parent company, Adfitech, a provider of quality control and risk management services for the mortgage...
Mortgage Bankers Association Taps Owen Lee as Vice Chair for 2025
Owen Lee, CEO at Success Mortgage Partners Inc. (SMP), has been nominated to serve as the Mortgage Bankers Association’s (MBA) vice chairman for the...
MCT MSR Valuation Grids Now Integrated With Lender Price PPE
Mortgage Capital Trading (MCT) and Lender Price have partnered to provide mortgage lenders using the Lender Price product and pricing engine (PPE) with loan-level...
Fed Holds Rates Flat Confirming its ‘Higher-For-Longer’ Position
Citing that jobs gains have remained strong, the unemployment rate has remained low and inflation remains high, the Federal Open Market Committee voted Wednesday...
California, New Jersey and Illinois Have the Most At-Risk Housing Markets in the Country
Recent housing reports suggest that inventory is increasing and, as a result, home prices are starting to drop in certain areas, resulting in improved...
Fannie Mae Executes CIRT Transaction on $12.1 Billion of Single-Family Loans
Fannie Mae transferred $284.8 million of mortgage credit risk to private insurers and reinsurers in a recent Credit Insurance Risk Transfer (CIRT) transaction, its...
Mortgage Rates Edge Down for a Second Week
Mortgage rates edged down for a second week, with the average rate for a 30-year fixed-rate mortgage falling to 6.95%, down from 6.99% last week,...
AgentHome Acquires Corinthian Title
AgentHome, a national network of independent title agents, has acquired Corinthian Title Company Inc., a California-based provider of title insurance and escrow services for residential...
Applications for New Home Purchases Increased Slightly in May
Applications for mortgages for new home purchases increased 1% in May compared with April and were up 13.8% compared with May 2023, according to...
Rate-and-Term Refinance Activity Spiked 25.6 Percent in May
Rate-and-term refinance activity spiked 25.6% in May compared with April, as borrowers reacted to a dip in rates, according to Optimal Blue’s Market Advantage...
As Inventory Increases, Many Buyers Still Waiting on the Sidelines
Even though inventory has been increasing, many home buyers are still sitting on the sidelines, with some likely waiting for mortgage rates to decrease...
Guaranteed Rate Re-Enters Securitization Market with Prime Jumbo RMBS Deal
Guaranteed Rate is launching its first residential mortgage-backed securities (RMBS) deal of 2024, making it the first 100% retail non-bank lender to re-enter the...