Existing-Home Sales Eke Out First Increase in Six Months
Existing-home sales were at a seasonally adjusted annual rate of about 5.22 million in October - an increase of 1.4% compared with September but...
Mortgage Applications Fell For a Fourth Straight Week
After falling 3.2% the previous week, mortgage application volume dipped 0.1% on a seasonally adjusted basis during the week ended November 16, according to...
Housing Starts Inched Up in September But Completions Took a Dive
Housing starts October were up 1.5% compared with September but were down 2.9% compared with October 2017, according to estimates from the U.S. Census...
HARP-Eligible Pool Shrinks to Below 40,000 as Refinance Volume Falls
Rising mortgage rates significantly drove down refinance volume in the third quarter, data from the Federal Housing Finance Agency (FHFA), regulator of government-sponsored enterprises...
ProPair Delivers AI-Driven Lead Distribution Solution for Mortgage Lending
Mortgage technology startup ProPair has launched an AI-based lead distribution solution that eliminates the uncertainty of the lead assignment process while optimizing results and...
Rick Mount: Technology Cannot Replace Human Interaction in the Mortgage Process
PERSON OF THE WEEK: Technology, in particular automation, is completely changing the mortgage industry - in most ways for the better. But will the...
Carrington Launches Correspondent Lending Division
To complement its portfolio of loan origination channels, including wholesale and retail, nonbank mortgage lender Carrington Mortgage Services has launched a correspondent lending division.
“We have diligently built...
Mortgage Capital Trading Hires Rhiannon Bolen as Regional Sales Manager
Rhiannon Bolen has joined Mortgage Capital Trading (MCT), a mortgage hedge advisory and secondary marketing software firm, as a regional sales manager overseeing the Southern territory.
Bolen...
Applications For Mortgages For New Home Sales Jumped 11%
Applications for mortgages for new home purchases increased 11% in October compared with September but were down 2.1% compared with October 2017, according to...
Can Today’s Housing Market Still Thrive With Rising Mortgage Rates?
How much are rising mortgage rates holding back home sales?
It depends on who you ask.
According to Ellie Mae’s most recent Millennial Tracker report, millennial homebuyers...
Mortgage Rates Basically Flat This Week
After rising to a seven-year high last week, mortgage rates stabilized, with the average rate for a 30-year flat at 4.94%, according to Freddie Mac’s...
To Combat Rising Origination Costs, Lenders Should Focus on Valuation
Mortgage lenders are still somehow missing out on the efficiencies to be gained in a key part of the process: the appraisal.
Credit Plus Integrates with Blend
Credit Plus, a provider of intelligent insight for mortgage professionals, has integrated with Blend, a digital mortgage and consumer lending platform.
Through Blend, mortgage originators’...
Mortgage Applications Have Fallen For Five of Past Six Weeks
Mortgage applications fell for a third straight week, decreasing 3.2% as rates continued to rise, according to the Mortgage Bankers Association’s (MBA) Weekly Applications...
Steven Usserey: Compliance Technology is the ‘Guard at the Gate’
PERSON OF THE WEEK: Steven Usserey is vice president of regulatory compliance for IndiSoft, a provider of compliance software to the mortgage industry.
MortgageOrb recently...
Mortgage Document Prep Firm IDS Promotes Two
Clint Salisbury has been promoted to the sales and marketing team and Travis Carroll has been promoted to head the implementation department at International...
LenderClose Now Integrated with MeridianLink
LenderClose has integrated with MeridianLink’s LoansPQ loan origination system (LOS), giving users of the LOS a single access point to dozens of real estate lending...
Black Knight Buys Ernst Publishing
Black Knight has acquired Ernst Publishing Co., a provider of technology and closing cost data for the real estate and home finance industries, for...
MCT Adds Geocoding Technology to its Whole Loan Trading Platform
Mortgage Capital Trading reports that it has incorporated its patent-pending geocoding technology into its Bid Auction Manager (BAM) whole loan trading platform.
This will shield borrower addresses...
Freddie Mac Prices Fourth SCRT Offering For This Year
Freddie Mac has priced its fourth Seasoned Credit Risk Transfer Trust (SCRT) offering of 2018; a rated securitization of approximately $1.95 billion of both...