Wednesday, October 30, 2024

Residential Mortgage

Waterstone Mortgage Opens New Location in El Paso

National mortgage lender Waterstone Mortgage Corp. reports that it has opened a new office in El Paso, Texas. The new location will be managed by...

Blend Raises $130 Million in Series E Funding

Mortgage technology provider Blend reports that it has raised $130 million in Series E funding, led by Temasek and General Atlantic. The company, which offers...

CU Solutions Group Partners with NestReady

CU Solutions Group (CUSG), a credit union service organization, is partnering with NestReady to give credit unions access to NestReady Solutions. NestReady is a technology firm...

Texan Title Adopts SafeChain to Prevent Wire Fraud

Texan Title, a family of independent, local, homegrown title agencies, with more than 20 offices licensed in 38 Texas counties, is now using SafeChain for wire fraud...

NAR: Existing-Home Sales Increased in May But Inventory Remains Tight

Spurred by lower mortgage rates, existing-home sales increased 2.5% in May compared with April to a seasonally adjusted annual rate of 5.34 million, according...

LoanLogics Hires Elizabeth Green, Paul Vancheri For Key Executive Roles

Elizabeth Green, a 25-year veteran leader in the mortgage software and valuation sectors, has joined loan quality technology firm LoanLogics as chief collateral officer. In...

Seth Appleton, Hunter Kurtz Confirmed to Key Roles at HUD

The U.S. Senate today confirmed Seth Appleton as assistant secretary of policy development and research and Hunter Kurtz as assistant secretary of public and...

Freddie Mac Launches New Home Renovation Program

Freddie Mac has launched a new home renovation loan program that allows home buyers to also finance the cost of renovations with a single-close...

Mortgage Rates Flat After Falling For Several Weeks

Mortgage rates stabilized this week, following several weeks of decreases. According to Freddie Mac’s Primary Mortgage Market Survey, the average rate for a 30-year fixed...

Fidelity National Financial Now Using NotaryCam

Fidelity National Financial (FNF) is now using NotaryCam to deliver remote online notarization (RON) and remote online closing (ROC) capabilities to its network of...

Mortgage Closing Rate Rises to Highest Level in at Least 16 Months

Despite falling mortgage rates, the refinance share of total mortgage volume fell to 32% of all loans in May, down from 35% in April...

Mortgage Applications Fell on Slightly Higher Rates

Mortgage application volume fell 3.4% on an adjusted basis during the week ended June 14, as mortgage rates inched up slightly, according to the...

Roostify Helps HSBC Bank Streamline the Mortgage Process

HSBC Bank USA is using Roostify to power the front end of its mortgage process. With Roostify’s digital loan application platform, the lender will be...

Serving an Untapped Borrower Community

BLOG VIEW: In today’s tight purchase market, Veterans Affairs (VA) renovation loans can deliver a double, bottom-line benefit to lenders. Service members, especially our...

Housing Starts Dipped in May, Permits Up Slightly

Housing starts in May came in weaker than forecast at an annual rate of 1.269 million, a decrease of 0.9% compared with a revised...

ClosingCorp’s SmartFees Now Integrated with Wipro’s NetOxygen LOS

ClosingCorp’s SmartFees data solution is now integrated with Wipro Gallagher Solutions’ (WGS) NetOxygen loan origination system (LOS). That means lenders using NetOxygen can now have...

Mortech’s PPE Now Integrated with Blend

Mortech’s product and pricing engine (PPE) is now integrated with Blend’s mortgage point-of-sale platform. That means lenders using the two systems now have the ability to...

Freddie Mac: Low Mortgage Rates, Strong Labor Market to Boost Home Sales

Low mortgage rates along with a strong labor market will help boost home sales and origination volume over the next year and a half,...

LenderClose Grows From Four to 25 Employees in Under 15 Months

Matthew Brown, Phyllis Nelson and Jessica Wilson recently joined fast-growing mortgage technology firm LenderClose as software engineers. In addition, Martin Pohlmeier has joined the company...

Mortgage Rates Mostly Flat

Mortgage rates held steady during the week ended June 13, with the average rate for a 30-year fixed rate mortgage holding at 3.82%, according...