Mortgage Applications Fell Slightly During Fourth of July Week
Mortgage application volume dipped 2.4% on an adjusted basis during the week ended July 5, as the average rate for a 30-year fixed rate...
Mortgage Credit Availability Up Slightly in June
Mortgage credit availability increased in June, rising 0.2% compared with May to a score of 189.8 on the Mortgage Bankers Association’s Mortgage Credit Availability...
ARMCO Hires Mike Ehring as Senior Director of Business Development
Mike Ehring recently joined ARMCO, a provider of risk mitigation solutions to the mortgage industry, as senior director of business development.
Ehring has more than...
Mortgage Rates Held Steady Heading Into July 4 Weekend
Mortgage rates were basically flat during the week ended July 3, as the average rate for a 30-year fixed rate mortgage increased slightly to...
Purchase Applications Up 1%, Refinance Apps Down 1%
Mortgage application volume was flat during the week ended June 28, as a 1% increase in applications for refinances was basically offset by a...
CoreLogic: Home Price Growth to Accelerate
U.S. home prices increased an average of 0.9% in May compared with April and were up 3.6% compared with May 2018, according to CoreLogic’s...
ClosingCorp’s SmartFees Now Integrated with Plaza Home Mortgage’s LOS
ClosingCorp, a provider of closing cost data and technology, reports that its SmartFees service is now integrated with Plaza Home Mortgage’s BREEZE loan origination...
Guild Mortgage Will Consider Airbnb Income on Refinance Applications
Guild Mortgage recently launched a new mortgage option in partnership with Airbnb that considers short-term rental income from Airbnb as an acceptable source of qualifying income on refinance applications for...
Application Defect Risk Continued to Fall in May
The risk of defects, fraudulence and misrepresentation in the information submitted in mortgage applications decreased by 5.5% in May compared with April, First American’s...
Suzy Lindblom Promoted to COO at Planet Home Lending
Mortgage industry veteran Suzy Lindblom has been promoted to chief operating officer at national mortgage lender Planet Home Lending.
Lindblom was previously executive vice president...
Volly Hires Theresa Sloan as SVP of Client Services
Industry veteran Theresa Sloan has joined Volly, a provider of SaaS-based marketing automation, CRM and POS solutions for banks and mortgage companies, as senior...
Dawn Douglass: Lenders Must Focus on the Borrower Journey
PERSON OF THE WEEK: Mortgage technology firm Volly aims to reshape the future of mortgage lending.
Offering CRM, marketing automation, portfolio retention and point-of-sale (POS)...
Independents Realizing Stronger Per Mortgage Profit than Large Banks
With shrinking volume and rising production costs, it’s no wonder mortgage lenders are having a miserable time realizing decent profits.
According to the Mortgage Bankers...
ATTOM: Home Affordability Situation Bad But Improving
In most areas of the U.S., the median home price is unaffordable to a worker making an average wage in that area, a recent...
Pending Home Sales Increased in May
Pending home sales increased 1.1% in May compared with April, reaching a score of 105.4 on the National Association of Realtors’ Pending Home Sales...
Mortgage Rates Continue to Fall, But Will Housing Market Improve?
Mortgage rates continued to fall this week, as the average rate for a 30-year fixed rate mortgage dropped to 3.73%, down from 3.84% the...
DocMagic Now Integrated with LendingPad
DocMagic, offering document preparation, regulatory compliance and e-mortgage services to mortgage lenders, reports that its platform is now integrated with the LendingPad loan origination system (LOS) from WEI Technology.
The...
Blend Now Enables Mortgage Lenders to Deliver Instant Pre-Approval Letters
Mortgage point-of-sale (POS) solutions provider Blend is introducing automated, self-serve pre-approvals.
This new capability enables mortgage lenders to furnish home shoppers with a pre-approval letter...
Mortgage Applications Increased as Rates Edged Downward
Mortgage application volume increased 1.3% on an adjusted basis during the week ended June 21, as the average rate for a 30-year fixed rate...
Trump Signs Executive Order Establishing Council on Affordable Housing
President Trump has signed an executive order to establish a White House Council on Eliminating Barriers to Affordable Housing Development.
The new council will, among...