U.S. Job Market Cooled in June
About 206,000 jobs were added to the U.S. economy in June but it wasn’t enough to keep the unemployment rate from rising to 4.1%,...
MCT: Mortgage Lock Volume Dropped Nearly 8 Percent in June
Mortgage lock volume decreased 7.84% in June compared with May, according to Mortgage Capital Trading, Inc.
The decline follows a brief uptick in volume at...
Mortgage Rates Back Up
Mortgage rates went back on the rise this week, with the average rate for a 30-year fixed-rate mortgage increasing to 6.95%, up from 6.86%...
Mortgage Applications Fell Last Week as Rates Went Back on the Rise
Mortgage application volume decreased 2.6% during the week ended June 28, as the average rate for a 30-year, fixed-rate mortgage increased to 7.03%, up...
Union Home Mortgage’s DPA Program Hits $1 Million Milestone
Union Home Mortgage (UHM), an independent mortgage banking company, reports that it has provided more than $1 million of support to low-to-moderate income first-time...
FHFA, CFPB Update Loan Level Data For Public Use
The Federal Housing Finance Agency (FHFA) and the Consumer Financial Protection Bureau (CFPB) have published updated loan-level data for public use collected through the...
Housing Policy Council Taps Michael Drayne as SVP of Capital Markets
Michael R. Drayne has joined the Housing Policy Council (HPC), a trade association comprised of the leading national mortgage lenders and servicers; mortgage, hazard,...
Waterstone Mortgage Names Jim Harper Vice President, Accounting and Finance
Jim Harper has joined Waterstone Mortgage as vice president, accounting and finance.
Harper has more than 25 years of experience in the financial services industry,...
CoreLogic: Home Prices Continued to Rise in May But Rate of Appreciation Slowed
U.S. home prices increased 0.6% in May compared with April and were up 4.9% compared with May 2023, according to CoreLogic’s home price index.
It...
Down Payment Resource Expands its Team with Three New Hires
Down Payment Resource is expanding its team to keep pace with a rising number of DPA programs and increasing demand.
To that end, Veronica Chapa has...
Homebuyer Affordability Improved Slightly in May
Homebuyer affordability improved in May, with the national median payment applied for by purchase applicants decreasing to $2,219, down from $2,256 in April, according...
GridBase Launches New Website
GridBase, which offers integration solutions for lenders and title companies, has rolled out a new website that showcases the firm’s capabilities in data middleware,...
MCT Adds New Integrations with Fannie Mae Mission Score API
Mortgage Capital Trading (MCT) has launched new integrations with Fannie Mae's Mission Score application programming interface (API) and Mission Score 2 and 3 product...
Illuminating the Pathway to Profitability with Business Intelligence
BLOG VIEW: As lenders continue to sell off production and look to reduce expenses, today's market demands a shift from an opportunity-focused environment to...
Pending Home Sales Fell in May Despite Rising Inventory
Pending home sales decreased 2.1% in May compared with April and were down 6.6% compared with May 2023, as higher mortgage rates continued to...
EquiFi Taps Paul Giangrande to Head Up its Mortgage Division
Mortgage industry veteran Paul Giangrande has joined EquiFi, a provider of shared equity home financing solutions, as corporate executive vice president and president of...
Freddie Mac: Mortgage Rates Decreased for a Third Week
Mortgage rates continued to edge down for a third week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.86%, down from...
Mortgage Applications Up Slightly Last Week as Rates Edged Down
Mortgage application volume increased 0.8% during the week ended June 21, as the average rate for a 30-year, fixed-rate mortgage fell to 7.04%, down...
Xactus Hires Joseph Peterson as Chief Financial Officer
Joseph Peterson has joined Xactus, a provider of verification solutions to the mortgage industry, as chief financial officer.
Peterson has more than 30 years of...
New Home Sales Tanked in May as Mortgage Rates Hovered Around 7 Percent
New home sales in May were at a seasonally adjusted annual rate of 619,000, a decrease of 11.3% compared with April and down 16.5%...