Thursday, October 31, 2024

Residential Mortgage

Slowing Home Price Appreciation Has a Silver Lining

Home price appreciation has slowed for the past 10 consecutive months. The slowdown has been most acute on the West Coast, particularly Washington State, and...

Freddie Mac Introduces New Solution Geared for Self-Employed Borrowers

In keeping with its “aim” of helping mortgage lenders target the underserved, Freddie Mac has introduced AIM (income and asset modeler) For Self-Employed, a...

Mortgage Credit Increased Slightly in February

Mortgage credit availability increased in February, rising 0.6% to a score of 180.1 on the Mortgage Bankers Association’s (MBA)Mortgage Credit Availability Index (MCAI). Mike Fratantoni,...

Mortgage Rates Jumped After Weeks of Moderating

After weeks of moderating, mortgage rates increased during the week ended March 7, with the average rate for a 30-year fixed-rate mortgage rising to...

Credit Plus Launches Personalized Mortgage Lead Gen Program

Credit Plus, a provider of data and verifications for all stages of the mortgage lending process, is offering LeadsFINDER PLUS, a professional and personalized...

Mortgage Applications Fell But Spring Home Buying Season Still Looks Good

After increasing the previous two weeks, mortgage application volume fell 2.5% on an adjusted basis during the week ended February 22, according to the...

On Q Financial Launches Multicultural Mortgage Platform

On Q Financial Inc. has rolled out a new multicultural mortgage platform that serves borrowers in four different languages including Spanish, Russian, Simplified Chinese...

ClosingCorp Introduces Price Trends Market Analyzer

ClosingCorp, a leading provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, has released a...

New Home Sales Increased 3.7% in December

New home sales were at a seasonally adjusted annual rate of 621,000 as of the end of December, an increase of 3.7% compared with...

Sherri Carr: Commercial Servicing Software Must be Flexible and Scalable

PERSON OF THE WEEK: From selecting the proper technology to meeting strict investor reporting requirements to deciding on payment options and more, commercial mortgage...

ComplianceEase Taps Michael Jackman as CEO

Michael Jackman is the new CEO of ComplianceEase, provider of automated compliance solutions, replacing Anita Kwan, co-founder and CEO, who is retiring.  In addition, John...

TRK Connection Taps Chris Bruner as SVP of National Sales

Chris Bruner has joined TRK Connection (TRK), a provider of mortgage quality control (QC) and origination management solutions, as senior vice president of national...

Figure Technologies Raises Another Round of Capital

Figure Technologies, which originates, finances and sells home equity loans on blockchain, recently raised $65 million in Series B funding, bringing its total equity funding...

Mortgage Origination Volume Forecast to Rise 2.1% in 2019

Single-family mortgage originations are expected to increase 2.1% to $1.68 trillion in 2019 and remain at a similar volume in 2020, according to Freddie...

Lenders One Cooperative Appoints Brian A. Simon as President

Brian A. Simon is the new president of the Lenders One Cooperative, a national alliance of independent mortgage bankers, correspondent lenders and suppliers of...

Cottonwood Title Secures its Wire Transactions Using SafeChain

Cottonwood Title Insurance Agency is now protecting its wire transactions using SafeWire  from SafeChain, a provider of wire fraud prevention software and blockchain implementation...

Millennial Homeownership Surged in Q4

Millennials are making up a larger share of the U.S. homeowner market, and it's because they are buying homes, two recent reports show. According to...

Mortgage Rates Basically Flat

Mortgage rates were basically flat during the week ended Feb. 28, as the average rate for a 30-year fixed-rate mortgage was unchanged compared with...

Mortgage Application Defect Rate Jumped Again in January

The frequency of defects in mortgage applications increased by 4.6% in January compared with December and was up 9.6% compared with January 2018, according...

Guaranteed Rate Hires Paul Anastos as CIO

Paul Anastos has joined mortgage lender Guaranteed Rate as chief innovation officer. Anastos has nearly 15 years of executive experience in the mortgage industry. Prior...