Mortgage Applications Increased as Rates Moderated
Mortgage application volume increased 1.6% on an adjusted basis for the week ended December 7, according to the Mortgage Bankers Association (MBA).
Applications for refinances...
Rate of Home Flipping Down 12% from a Year Ago
About 45,901 U.S. single family homes and condos were flipped in the third quarter, a decrease of 12% compared with the third quarter of...
As Home Price Appreciation Slows, 2.2 Million Still in Negative Equity
Due to rising home prices, most U.S. homeowners have seen their equity increase during the past year.
However, home price appreciation has been slowing, which...
Job Growth Slowed in November, But Wages Increased
U.S. job growth moderated in November, with non-farm payrolls coming in at about 155,000 for the month - down from the 190,000 that analysts...
Senate Approves Kathy Kraninger as Director of BCFP
By a narrow margin, the Senate on Thursday approved Kathleen Kraninger as the next director at the Bureau of Consumer and Financial Protection.
Kraninger will...
Mortgage Credit Supply Increased in November
Mortgage credit availability increased 1.1% in November to reach a score of 188.8 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
Decreases...
Silver Lining: Mortgage Rates Fell This Week on Market Volatility
After weeks of moderating, mortgage rates decreased this week, with the average rate for a 30-year fixed-rate mortgage falling to 4.75%, down from 4.81%,...
Freddie Mac: Housing Inventory Shortage Will Last For Years to Come
For more than a year now, housing experts and economists have been saying that a lack of inventory is the main obstacle holding home...
CoreLogic Rolls Out New AVM Designed to Streamline Mortgage Originations
CoreLogic has introduced a new automated valuation model (AVM) solution designed improve efficiency when conducting property valuations during the mortgage loan origination process.
The firm...
Class Appraisal Changing Name to Class Valuation
In an effort to better represent its expanded focus, Class Appraisal, a nationwide provider of real estate asset valuation and appraisal management solutions, is...
Mortgage Applications Jumped, Refi Share Increased as Rates Dipped
Mortgage application volume increased 2.0% on an adjusted basis during the week ended November 30, as the average rate for a 30-year fixed-rate mortgage...
LoanLogics’ LoanHD Platform Now Integrated with Fannie Mae’s EarlyCheck
Mortgage lenders using LoanLogics' LoanHD loan quality management platform now have a simpler path to validate data before delivery to Fannie Mae.
That’s because the...
Mortgage Network Hires Beth Vega Wittman to Head Mansfield, Mass., Location
Beth Vega Wittman is now branch manager of Mortgage Network’s Mansfield, Mass., office.
Wittman has more than 25 years of mortgage banking experience. Prior to...
Class Appraisal Hires Julie Jones as SVP of Valuation Transformation and Engagement
Julie Jones recently joined Class Appraisal, a nationwide provider of appraisal management solutions to the residential mortgage market, as senior vice president of valuation transformation...
U.S. Home Prices Continued to Rise in October
U.S. home prices increased 0.5% in October compared with September and were up 5.4% compared with October 2017, according to CoreLogic.
However, the rate of...
California Wildfires Helped Boost Fraud Risk in Mortgage Applications
The wildfires in the West helped boost the overall risk of defects, fraudulence and misrepresentation in mortgage applications in October, according to First American’s...
Home Point Financial Taps Dan Sheehy as Correspondent Institutions Manager
Dan Sheehy recently joined Home Point Financial Corp., a national mortgage originator and servicer, as correspondent institutions manager.
Sheehy has more than 20 years’ experience...
Brokers Should Launch NMLS Renewal Process Well in Advance
BLOG VIEW: Many professionals in the financial sector in the U.S. must get licensed and maintain their operating rights via the Nationwide Multistate Licensing...
Freddie Mac Rolls Out New Loan Program for Manufactured Housing
Freddie Mac is piloting a new conventional loan program for manufactured housing.
The company’s new CHOICEHome program aims to help increase the availability of the...
Vendorly Adds Contract Management Feature
Vendorly has added a “contract management” feature to its vendor oversight platform.
The company says this new feature will enhance insights into contract terms, performance...