Black Knight: Lower Rates Boosted Home Affordability in June
Mortgage rates dipped in June and, as a result, home affordability improved, according to Black Knight’s Mortgage Monitor report.
Also boosting affordability was slowing home...
Jobs Are Plentiful and Wages Are Rising
The U.S. economy added 164,000 new jobs in July while the unemployment rate was unchanged at 3.7%, according to the latest estimates from the...
Freedom Mortgage Acquires J.G. Wentworth Home Lending
Signaling further consolidation in the mortgage lending industry, Freedom Mortgage Corp. has acquired J.G. Wentworth Home Lending, a subsidiary of J.G. Wentworth Co. and...
Freddie Mac: Low Mortgage Rates Will Give Refinance Volume a Boost in 2019
Low mortgage rates will boost refinance volume in 2019, however, the inventory shortage will dampen purchase volume, Freddie Mac’s most recent economic forecast predicts.
Total...
Mortgage Rates Continue to Hold Steady
Mortgage rates were basically flat this week, with the average rate for a 30-year fixed rate mortgage at 3.75%, unchanged from last week, according...
Pending Home Sales Jumped in June But Low Inventory Remains a Concern
Pending home sales increased for a second consecutive month in June, rising 2.8% compared with May to a score of 108.3 on the National...
MBA: Mortgage Applications Fell For a Fifth Straight Week
Mortgage application volume fell for a fifth straight week, dipping 1.4% compared with the previous week, according to the Mortgage Bankers Association's (MBA) Weekly...
Rate of Mortgage Application Defects Fell in June
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage applications decreased 7% in June compared with May and was down...
Calyx Launches Wholesaler MarketPlace
Calyx, a provider of loan origination software, has launched Calyx Wholesaler MarketPlace, a portal where mortgage brokers can connect with leading wholesale lenders.
Seven industry-leading...
OpenClose Hires Allen Pollack as VP of Product Innovation
Allen Pollack has joined mortgage technology firm OpenClose in the newly created position of vice president of product innovation.
Pollack is a seasoned industry veteran...
Volly and Botsplash Team to Deliver Seamless Interaction Across Multiple Platforms
Botsplash, an omnichannel digital conversation platform, is now available on the Volly platform suite of solutions.
The strategic partnership allows for borrowers and lending agents...
CFPB Plans to Let QM Patch Expire
The Consumer Financial Protection Bureau (CFPB) is planning to allow the controversial QM patch rule expire in January 2021, however, it may impose a...
LoanScorecard Launches New Underwriting Tool Designed for Non-QM Loans
LoanScorecard, a provider of non-agency automated underwriting systems (AUS), has launched Bank Statement Analyzer, a new tool designed to automatically collect and verify bank...
Mortgage Rates Back on the Decline
Mortgage rates dropped across the board this week, as the average rate for a 30-year fixed rate mortgage fell to 3.75%, down from 3.81%...
Cloudvirga Taps Daniel Akiva as Chief Technology Officer
Fintech veteran and entrepreneur Daniel Akiva has joined Cloudvirga, a provider of point-of-sale (POS) mortgage technology, as chief technology officer.
Akiva has more than 20...
ComplianceAnalyzer Now Sports VA Audit Functionality
ComplianceEase, a provider of automated compliance solutions to the mortgage industry, reports that its flagship platform, ComplianceAnalyzer, is now able to audit Veterans Affairs...
Appraisal Logistics Solutions Hires Mark Tague as VP of Sales
Mark Tague recently joined Appraisal Logistics Solutions, a provider of appraisal management and compliance solutions for the residential/commercial mortgage industry, as vice president of...
MeridianLink Launches New Mortgage POS Dubbed Application Portal
MeridianLink has developed a new mortgage point-of-sale (POS) solution that works with its LendingQB loan origination system.
The new POS, dubbed Application Portal, is designed...
Mortgage Applications Fell For a Fourth Straight Week
Despite lower rates, mortgage application volume fell 1.9% on an adjusted basis during the week ended July 19, according to the Mortgage Bankers Association’s...
Pavaso Helps Facilitate First Remote Online Notarization in Tennessee
Pavaso, which offers digital mortgage closing solutions, recently facilitated the first remote online notarization e-closing in Tennessee, which recently passed a law allowing for...