Rocket Now Offers Bridge Loans, Enabling Homeowners to Buy a New Home Before Selling...
Rocket Mortgage is now offering bridge loans – a new product that allows homeowners looking to buy a new home to use their equity...
Planet Home Lending Hires Elysia Stobbe as Branch Manager in Neptune Beach
Mortgage industry veteran Elysia Stobbe has joined Planet Home Lending as the branch manager in Neptune Beach, Florida.
Stobbe is a top-producing mortgage originator, coach...
Argyle Now Offers Verification of Assets Powered by Mastercard’s Open Finance Technology
Verifications solutions provider Argyle has announced the availability of verification of assets powered by Mastercard's open finance technology.
The expanded offering enables lenders to confirm borrowers'...
New Home Sales Plummeted in May Despite More Inventory
New home sales were at a seasonally-adjusted annual rate of 623,000 in May, a decrease of 13.7% compared with April and down 6.3% compared...
First Community Mortgage Expands its Use of Blue Sage’s Digital Lending Platform to Wholesale
First Community Mortgage is expanding its use of Blue Sage’s digital lending platform to include both its traditional and non-delegated wholesale lending channels, which...
Mortgage Fraud Risk Increased 7.3 Percent in Q1 as Buyer Desperation Kicked In
The risk of mortgage fraud increased 7.3% in the first quarter compared with a year earlier, according to Cotality’s latest National Mortgage Application Fraud...
Rithm Capital Closes $504 Million Non-QM Loan Securitization
Rithm Capital Corp. recently closed a $504 million securitization backed by a pool of non-qualified residential mortgage (non-QM) loans serviced by Rithm’s subsidiary, Newrez.
The...
Existing-Home Sales Increased Slightly in May But Remain Sluggish
Existing-home sales were at a seasonally adjusted annual rate of 4.03 million in May, an 0.8% increase compared with April but down 0.7% compared...
Mortgage Rates Dipped Again This Week
Mortgage rates decreased slightly this week, with the average rate for a 30-year, fixed-rate mortgage falling to 6.81% as of June 18, down from...
Blue Sage Integration With Freddie Mac’s LPA Paves Way for Lenders to Use Rent...
Blue Sage Solutions is partnering with Freddie Mac to empower lenders to use rent payments when approving borrowers.
Through an integration with Freddie Mac’s Loan...
First American: Annual Home Price Appreciation at Slowest Pace Since 2012
U.S. home prices increased 0.4% in May compared with April but were up only 2.1% compared with May 2024, according to First American’s latest...
FOMC Maintains Fed Funds Rate as Mortgage Rates Remain Steady
Citing that economic activity has continued to expand, unemployment remains low, and the labor market remains solid, the Federal Open Market Committee on Wednesday...
Housing Starts Plummeted to Lowest Level Since 2020 in May
Housing starts in May fell to a seasonally adjusted annual rate of 1.256 million, down 9.8% compared with April and down 4.6% compared with...
Mortgage Applications Dropped 2.6 Percent Last Week Despite Lower Rates
Mortgage application volume fell 2.6% during the week ended June 13, despite a decrease in rates, according to the Mortgage Bankers Association’s (MBA) Weekly...
New Booking Platform, Visbl, is Like a ‘Search Engine for Mortgages’
Visbl is a new booking platform that simplifies the mortgage shopping experience and eliminates the privacy risks of legacy lending sites.
The fintech platform brings...
Applications for New Home Purchases Dropped in May
Applications for mortgages for new home purchases decreased 9% in May compared with April, as home buyers continued to sit on the sidelines, waiting...
PHH Mortgage Expands its Partnership With Blend
PHH Mortgage, one of the largest mortgage servicers in the U.S. and a subsidiary of Onity Group Inc., is expanding its partnership with Blend...
Redfin: Typical Downpayment on a Home Purchase Shrank Slightly as of April
Despite rising home prices, the typical U.S. homebuyer’s down payment shrunk by 1% in April compared with a year ago, according to a report...
Planet Financial Group Closes $125 Million Senior Unsecured Notes Add-On Deal
Planet Financial Group reports that it has successfully closed an offering of $125 million add-on to its existing $475 million 10.5% senior unsecured notes...
Mortgage Rates Calm Following Encouraging CPI Data
Mortgage rates were basically flat this week, with the average rate for a 30-year, fixed-rate mortgage at 6.84%, down slightly from last week when...