Saturday, October 19, 2024

Residential Mortgage

Nations Reliable Lending Taps Steven Curtis as Chief Production Officer

Steven Curtis has joined Nations Reliable Lending (NRL Mortgage) as chief production officer. Curtis has a wealth of expertise and a proven track record. Prior...

For Gen Z, Housing Affordability Is the Key Election Issue

According to a new survey and report from Redfin, 91% of adult Gen Zers say housing affordability is important when considering who they will...

MBA: Homebuyer Affordability Continued to Decline in April

Homebuyer affordability continued to erode in April, as the national median mortgage payment applied for by purchase applicants increased to $2,256, up from $2,201...

Depth PR Promotes Johnna Szegda to Vice President

Johnna Szegda has been promoted to vice president at Depth Public Relations, offering B2B marketing, public relations and reputation management services for technology companies...

Dark Matter Paves Easier Path to Assumable Mortgage With Enhancements to Empower LOS

Dark Matter Technologies has enhanced the Loan Assumptions feature in the Empower loan origination system (LOS) to make it easier for mortgage lenders and...

ACES Teams With Digilytics to Give Users Access to Advanced OCR Technology

ACES Quality Management (ACES), which offers enterprise quality management and control software for the financial services industry, is partnering with Digilytics to provide ACES...

Freddie Mac: Mortgage Rates Back on the Rise After Three Weeks of Declines

After decreasing for three consecutive weeks, mortgage rates reversed this week, with the average rate for a 30-year fixed-rate mortgage rising to 7.03%, up...

Pending Home Sales Tumbled 7.7 Percent in April, Dragged Down by Rising Mortgage Rates

Due to rising mortgage rates, pending home sales decreased 7.7% in April compared with March and were down 7.4% compared with April 2023, according...

Secured Signing Adds New Features to its RON Solution

Secured Signing, which offers remote online notarization (RON) solutions, has introduced a suite of new features designed to streamline the online document signing and...

Kind Lending Taps Tammy Richards as Chief Operating Officer

Tamara "Tammy" Richards has joined Kind Lending, a national mortgage lender founded by industry veteran Glenn Stearns, as chief operating officer. Richards has more than...

FHFA: Home Prices Continued to Rise at a Steady Pace in Q1

U.S. home prices increased 1.1% in the first quarter compared with the fourth quarter and were up 6.6% from the first quarter of 2023,...

MBA: Mortgage Applications Fell on Higher Rates Heading Into Memorial Day Weekend

Mortgage application volume tumbled 5.7% during the week ended May 24, as the average rate for a 30-year fixed-rate mortgage increased to 7.05%, up...

Home Prices Hit Ninth All-Time High in the Past Year

Despite higher mortgage rates, U.S. home prices continued to rise in March, increasing 0.3% on a seasonally adjusted basis compared with February and up...

Mitigate or Delegate: The Pros and Cons of In-House Servicing and Outsourcing

The life of a lender is full of crucial choices that require careful analysis and scenario planning. For mortgage companies, banks, and credit unions,...

Jane Mason: Mortgage Servicers Can Expect Delinquencies and Defaults to Rise This Year

PERSON OF THE WEEK: The COVID-19 pandemic that began in February 2020 resulted in an unusual, intense “boom” in home sales that the housing...
new construction home

NAHB: It Takes 38 Percent of the National Median Income to Afford a Median-Priced...

It currently takes about 38% of a typical family’s income to make a mortgage payment on a median-priced new single-family home in the U.S.,...

Corporate Settlement Solutions Announces Enhanced Integration with GridBase

Corporate Settlement Solutions (CSS), a provider of commercial and residential real estate settlement solutions, has enhanced its integration with GridBase, the universal application program...

Mortgage Bankers Saw ‘Less Severe’ Net Losses in Q1 

Mortgage bankers continued to lose on originations in the first quarter, as the average pre-tax net loss per loan was $645, according to the...

Down Payment Resource Now Integrated with ICE Mortgage Technology’s Encompass

Down Payment Resource, offering homebuyer assistance program data and solutions, recently announced an integration with ICE Mortgage Technology that embeds down payment assistance program...

Truity Credit Union Using Dark Matter’s Empower LOS

Truity Credit Union, a member-owned credit union with locations in Oklahoma, Kansas and Texas, is using Dark Matter’s Empower loan origination system to provide loan...