Mortgage Rates Fell This Week as Average Rate for 30-Year Dipped Below 7 Percent
Mortgage rates fell this week, with the average rate for a 30-year, fixed-rate mortgage dropping to 6.94%, down from 7.02% last week, according to...
New Home Sales Fell 4.7 Percent in April Due to Higher Mortgage Rates
New home sales in April were at a seasonally adjusted annual rate of 634,000, a decrease of 4.7% compared with March and down 7.7%...
NAR: Existing-Home Sales Fell in April But Inventory Increased 9 Percent
Lack of inventory, high home prices and rising mortgage rates slowed existing-homes sales in April.
According to the National Association of Realtors (NAR), existing-home sales...
First Home Mortgage Promotes Tim Whittier to President
Tim Whittier has been promoted to president at First Home Mortgage.
Whittier first joined First Home Mortgage in 2009.
He began his mortgage banking career in...
Finaya Unifies Home Buying and Selling, Mortgage, Insurance, Title and Closing Services
Technology firm Finaya has launched an AI-based homeownership marketplace super-app that integrates home buying and selling, mortgage, insurance, title, closing and other related services...
MBA: Mortgage Applications Increased 1.9 Percent Last Week as Rates Fell
Mortgage application volume increased 1.9% during the week ended May 17, as the average rate for a 30-year- fixed-rate mortgage fell to to 7.01%,...
Fairway Independent Mortgage Promotes Carrie Guarrero to President of Fairway Ignite
Carrie Guarrero has been promoted to the role of president of Fairway Independent Mortgage Corp.’s coaching platform, Fairway Ignite.
Guarrero has participated in various coaching...
Zillow Home Loans Rolling Out New Tool to Help Borrowers Assess Affordability
Zillow Home Loans is introducing a new tool that helps borrowers assess how much home they can afford.
The new tool, BuyAbility, gives buyers a...
Planet Home Lending Names Bill Shuler Chief Information Officer
Bill Shuler has joined Planet Home Lending, a national mortgage lender, servicer, and asset manager, as executive vice president, chief information officer.
Shuler has more...
First American: Rising Inventory in April Had Little Effect on Home Prices, Affordability
A combination of increased listings and weakening affordability continued to dampen home price appreciation in April – a trend that will likely to continue,...
Ben Rempe Tapped as President of myCUmortgage
Ben Rempe has been named president of mortgage services provider myCUmortgage, effective June 3.
myCUmortgage is a credit union service organization (CUSO) and wholly owned...
Redfin: New Home Sales Continue to Represent One-Third of All Home Sales
One-third (33.4%) of single-family homes for sale in the U.S. in the first quarter were newly built, according to a Redfin report.
Although that is...
New and Active Listings Increased in April as Home Prices Continued to Rise
The median U.S. home sale price increased 6.2% year over year in April to $433,558 — the highest level on record, according to Redfin.
Today’s...
Mortgage Advisory Firms STRATMOR Group and Teraverde Have Merged
STRATMOR Group and Teraverde have merged to create a powerhouse mortgage advisory firm poised to serve clients across entire mortgage banking spectrum.
Both firms will...
VantageScore Releases New Credit-Scoring Model, VantageScore 4plus
VantageScore has released the newest version of its credit-scoring model, VantageScore 4plus.
The new version combines the power of alternative open banking data with traditional credit...
Asurity Technologies Taps Brad Vasto as SVP, Sales
Brad Vasto has joined Asurity Technologies, which offers consumer lending compliance software and advisory services, as senior vice president - sales.
Vasto has more than...
43 Percent of Recent Homebuyers Have Struggled to Make Mortgage Payments on Time
Forty-four percent of recent home buyers have had to take on additional debt to maintain their lifestyle, and 43% have struggled to make mortgage...
Snapdocs’ eVault and SitusAMC’s ProMerit Now Integrated
Snapdocs eVault is now integrated with SitusAMC’s ProMerit platform, allowing warehouse lenders to manage e-note transactions seamlessly and securely from within their warehouse lending...
Mortgage Rates Decrease for a Second Consecutive Week
The average rate for a 30-year fixed-rate mortgage fell to 7.02% this week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS).
A year ago...
FHFA Announces New CIO, CFO
Luis Campudoni has been named chief information officer for the Federal Housing Finance Agency (FHFA) while Mary Peterman has been named chief financial officer.
Campudoni...