Despite Shift to Purchase Market, Mortgage Application Defect Risk Fell in May
The risk of defects, fraudulence and misrepresentation in mortgage applications decreased 2.4% in May compared with April and was down 3.6% compared with May...
Survey: Most Home Shoppers Undeterred by Rising Mortgage Interest Rates
Most home shoppers are currently undeterred by rising mortgage interest rates, a survey conducted by Redfin shows.
In total, Redfin surveyed more than 4,000 people...
Freddie Mac: Mortgage Rates Have Stabilized During the Past Two Months
Mortgage rates have fallen in four of the past five weeks, and have more or less stabilized during the past two months, according to...
The Digital Transformation of Mortgage is More Than Just Tech
In mortgage, the digital point-of-sale (POS) has become all the rage and lenders are rapidly jumping on the digital POS bandwagon. Whether they’re deploying...
Accurate Group Releases New Mobile Application to Speed Property Inspections
Accurate Group, a provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, has released a new mobile app that connects its...
Pending Home Sales Fell Again in May
Pending home sales in May fell 0.5% compared with April and were down 2.2% compared with May 2017, according to the National Association of...
MBA: Mortgage Applications Fell 4.9%
After increasing 5.1% the previous week, mortgage applications retreated and fell 4.9% during the week ended June 22, according to the Mortgage Bankers Association’s (MBA)...
Hans Rusli: Technology is the Key to Helping Mortgage Lenders Reduce Costs
PERSON OF THE WEEK: Hans Rusli is CEO for IndiSoft, a provider a compliance, vendor management and valuation software to the mortgage industry. MortgageOrb...
New Breed of AVM Bridges the Gap Between ‘Lender Grade’ and Free
ATTOM Data Solutions has introduced a new automated valuation modeling (AVM) product that bridges the gap between “overpriced lender-grade AVMs that are only cost-effective...
Home Prices Are Hitting New Highs, But What If One Adjusts For Inflation?
U.S. home prices continued their upward trajectory in April, rising 0.3% on an adjusted basis compared with March and up 6.4% compared with April...
Freddie Mac: Lack of Inventory is Putting a Drag on Mortgage Market
A report from Freddie Mac echoes what many industry watchers have been saying for months: Lack of housing inventory poses a greater threat to...
Trump Administration Advances Plan for Housing Finance Reform
The Trump Administration on Thursday introduced a housing finance reform plan that - similar to past proposals - would lessen the government's footprint in...
New Home Sales Rebounded in May
After falling 11.4% month-over-month in April, new home sales in May were at a seasonally adjusted annual rate of about 689,000, an increase of...
Planet Home Lending Taps Dierk Hohman as EVP, Chief General Counsel
Mortgage industry veteran Dierk Hohman has joined Planet Home Lending as executive vice president, chief general counsel and enterprise risk officer.
Hohman has broad expertise in the...
Blend Launches Blend Vision to Help Lenders Gain New Efficiencies
Blend reports that it has integrated a new breed of OCR software “natively” in its mortgage point-of sale platform in order to eliminate the...
Mortgage Rates Have Fallen For Three of the Past Four Weeks
Mortgage rates decreased overall during this past week, with the average rate for a 30-year fixed-rate mortgage (FRM) falling to 4.57%, down from 4.62%...
Ellie Mae: Refinance Share of Mortgage Activity Fell to 30%
The refinance share of total mortgage origination volume in May fell to 30%, down from 34% in April and down from 32% in May...
Promontory MortgagePath Rolls Out Cost Savings Calculator For Lenders
Promontory MortgagePath reports that its Promontory Fulfillment Services (PFS) unit has developed a new online Cost Savings Calculator that lets banks, credit unions and...
ARMCO Promotes Sharon Reichhardt to VP of Client Success
Sharon Reichhardt has been promoted to vice president of client success at ARMCO, a provider of enterprise transaction and loan risk mitigation software solutions.
Reichhardt has...
Maybe Next Spring: Existing-Home Sales Fell Again in May
The spring home shopping season has so far been a bit of a bust.
Existing-home sales in May were at a seasonally adjusted annual rate...