Fixed Mortgage Rates Basically Flat This Week
Fixed mortgage rates were basically flat during the week ended Jan. 17, with the average rate for a 30-year at 4.45%, flat compared with...
Freddie Mac’s Home Possible Program Hits Key Milestone
Freddie Mac recently announced a key milestone: Its Home Possible mortgage origination program has exceeded $50 billion in home mortgages since its launch in...
Black Knight Enhances Expedite Close with AI, Data Recognition Capabilities
Black Knight has rolled out a new version of its digital mortgage closing solution, Expedite Close, that uses advanced intelligence and data recognition capabilities...
Veros: Expect Significant Softening of Home Prices in 2019
Home price appreciation will continue to slow in most markets through 2019, with more markets entering into negative territory, according to the latest VeroFORECAST from Veros Real...
MBA Promotes Alden Knowlton to Key Post on Legislative and Political Affairs Team
Alden Knowlton has been promoted to associate vice president for political affairs within the Mortgage Bankers Association’s legislative and political affairs team.
Knowlton previously served...
Mortgage Applications Jumped 13.5% on Lower Rates
For a second consecutive week, mortgage application volume jumped double digits, due mostly to a surge in refinance activity resulting from falling mortgage rates.
According...
Rising Mortgage Rates, Lack of Supply Push Homeowner Tenure to 18-Year High
Rising mortgage rates and lack of supply are boosting homeowner tenure - which is the number of years a homeowner lives in a home...
ClosingCorp Releases SmartEngine For Lenders
ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently introduced SmartEngine for...
CertifID Has Protected More than $1.2 Billion in Wire Transfers
CertifID reports that its real-time identity platform for real estate protected more than $1.2 billion in transactions from wire fraud from late 2017 to...
IRS Restores IVES, But Now Must Work Through Backlog
The Internal Revenue Service (IRS) recently resumed its income verification program, Income Verification Express Service, or IVES, which was suspended three weeks ago as...
BWFT Hires Travis LaMar as Managing Director, Head of Capital Markets
Travis LaMar has joined Blue Water Financial Technologies (BWFT), a provider of asset valuation, MSR distribution, MSR hedging and electronic solutions to mortgage lenders, as...
Mortgage Technology Firm LenderClose Adds Five New Associates
Fintech firm LenderClose continues to build its team of mortgage experts with the addition of five new associates.
Cliff Hill joins as senior engineer, alongside...
The LOGS Network Hires Jason Shapiro as Chief Revenue Officer
Jason Shapiro recently joined The LOGS Network, a national provider of title and closing services for residential and commercial real estate, as chief revenue...
Mortgage Credit Fell 7.3% in December
Mortgage credit availability decreased 7.3% in December to a score of to 175.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
A...
Mortgage Technology Firm Cloudvirga Announces Two New Hires
Dan Sogorka has joined Cloudvirga, a provider of digital mortgage software, as chief revenue officer.
In addition, Kelly Kucera has joined the firm as senior...
Mortgage Rates Fell to Lowest Level in Nine Months
Mortgage rates dropped across the board during the first full week of 2019, leading to a significant jump in mortgage applications.
During the week ended...
TMS Now Ginnie Mae Co-Issue PIIT Approved
TMS, a national financial services and correspondent investor, is now an approved buyer of Ginnie Mae’s Co-Issue program, Pool Issued for Immediate Transfer (PIIT),...
Falling Mortgage Rates Lead to Surge in Refinance Activity
A surge in refinance activity resulting from a drop in mortgage rates helped push mortgage application volume up 23% during the week ended Jan....
Michael Bright Steps Down as EVP, COO for Ginnie Mae
After 18 months on the job, Michael Bright has suddenly resigned from his post as executive vice president and chief operations officer for Ginnie...
Ross Mortgage Opens Second Location in Florida
Bucking the national trend, Ross Mortgage Corp. is opening a new branch in Jacksonville, Fla., that will be managed by local mortgage lending experts William...