Refi Volumes, Despite Being Dismally Low, Show Some ‘Notable Shifts’
Although refi volumes remain at a fraction of historical levels, there have been some notable shifts in who is taking out refis in today’s...
Patrick Holland of Embrace Home Loans Surpasses $1B in Career Loan Originations
Embrace Home Loans reports that loan officer Patrick Holland surpassed $1 billion in career loan originations earlier this month.
Holland, who has been with Embrace...
Section 184 Loans for Native Americans Introduced by Carrington Mortgage Services
Carrington Mortgage Services is introducing Section 184 Loans for Native Americans for its retail lending customers.
“The Section 184 Loan is a great product, in...
Mortgage Rates Fall for a Second Week, But Will Potential Buyers React?
Mortgage rates decreased for a second week as the average rate for a 30-year fixed-rate mortgage dipped to 6.89%, down from 6.95% last week...
Point Mortgage Expands Into Wisconsin
Point Mortgage, a full-service mortgage lender offering expertise from purchases to refinances, from conventional to FHA, USDA, and VA loans, is expanding its footprint...
Mortgage Credit Availability Increased in June for a Sixth Consecutive Month
Mortgage credit availability increased in June, rising 1% to a score of 95.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
A...
nCino’s Mortgage Suite Now Integrated With Talk’uments
Talk’uments, a digital language and limited English proficiency (LEP) technology provider, is now integrated with nCino’s Mortgage Suite, an end-to-end digital mortgage solution, thus...
Purchase Lock Volume Fell Again in June
Mortgage purchase locks fell 1% month-over-month and 8% year-over-year in June, according to Optimal Blue.
That’s following a 4% year-over-year drop in purchase locks in...
Applications Decreased Last Week as 30-Year Continues to Hover Around 7 Percent
Mortgage application volume dipped 0.2% during the week ended July 5, as the average rate for a 30-year, fixed-rate mortgage decreased slightly to 7%,...
Chevron FCU Improves Borrower Experience with Blue Sage Digital Lending Platform
Chevron Federal Credit Union is now using the Blue Sage Digital Lending Platform to deliver a better borrower experience.
With Blue Sage’s LOS and LION...
First American: Affordability Crunch Likely to Last Through 2024
The affordability crunch plaguing home buyers is likely to persist through the end of 2024, First American says in its latest Real House Price...
ICE: 24 Percent of Homeowners with a Mortgage Now Have a Rate Above 5...
While a majority of U.S. homeowners with mortgages continue to be locked into rates below 5%, the share with rates above 5% is growing...
Guaranteed Rate Rebrands to Just ‘Rate’ as it Expands Products and Services
Guaranteed Rate is undergoing a major rebranding to reflect the company's commitment to innovation in the fintech and mortgage industries.
The company is dropping the...
Informative Research Taps Brandon Hall as EVP of Operations
Brandon Hall has joined Informative Research, a provider of data-driven solutions to the lending community, as executive vice president (EVP) of operations.
Hall has more than...
Business Intelligence and Mortgage CRM Provider Aidium Launches 24/7 Customer Support
Aidium, which offers a business intelligence and mortgage CRM platform, has launched its 24/7 customer support service, ensuring mortgage professionals have access to real-time...
Consumer Sentiment Toward Housing Market Crawled Up Slightly in June
Consumer sentiment toward the housing market improved slightly in June but remained historically low as higher mortgage rates and soaring home prices continued to...
Candor Technology Hires Eric Rawlings as CTO
Eric Rawlings has joined Candor Technology, a provider of AI-driven loan underwriting and quality control solutions for mortgage lenders, as chief technology officer.
Rawlings has...
ATTOM: Homeownership Became Less Affordable in Q2
Major homeownership expenses - including mortgage payments, property taxes and insurance - now consume about 35% of the average wage nationwide, according to ATTOM’s...
Fannie Mae Transfers Risk on $8.2 Billion of Single-Family Loans
Fannie Mae recently executed its fifth credit insurance risk transfer transaction of 2024 on $8.2 billion of single-family loans.
The Credit Insurance Risk Transfer (CIRT)...
Alex Rayner Partners with Service First Mortgage to Launch Haymaker Home Loans
Alex Rayner, a top-producing loan officer, has announced a strategic partnership with Service First Mortgage to create Haymaker Home Loans, a next-generation mortgage company...