Freddie Mac: Mortgage Rates Held Steady For Second Week
Mortgage rates were more or less flat again during the week ended March 29, with the average rate for a 30-year fixed rate mortgage...
Pending Home Sales Increased 3.1% in February, Despite Lack of Supply
After tanking in January, pending home sales increased 3.1% in February compared with January to reach a score of 107.5 on the National Association...
Veros: U.S. Home Prices to Rise 4.3% Over Next 12 Months
U.S. home prices are forecast to rise 4.3%, on average, during the 12 months ended March 1, 2019, according to Veros Real Estate Solutions’ quarterly...
Resitrader Saw More Than $10 Billion in Bid Volume in February
Resitrader Inc. reports that its online exchange for whole loan trading hit a major milestone in February: More than $10 billion in monthly bid...
Planet Home Lending Opens New Branch in Denver
Planet Home Lending, a national residential mortgage lender, has opened its first retail-lending branch in Denver.
The new branch will be managed by mortgage industry veterans Derrick Strauss and...
MBA: Mortgage Application Volume Jumped 4.8%
After falling 1.1% the previous week, mortgage application volume jumped 4.8% on an adjusted basis during the week ended March 23, according to the...
New Home Sales Flat in February
New home sales in February were at a seasonally adjusted annual rate of about 618,000, down 0.6% compared with a revised rate of about...
Title Resource Group Partnering with Pavaso to Improve the Mortgage Closing Process
Title Resource Group’s (TRG) lender services division is now using Pavaso’s digital closing platform to improve business processes, communication and efficiency, as well as...
Simplifile Enhances its Post-Closing Service
Simplifile, a provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, has enhanced its Post-Closing service to help...
Mortgage Origination Volume Fell 20% in Q4 2017
Due mainly to falling refinance volume, resulting from higher rates, total mortgage origination volume dropped 20% in the fourth quarter of 2017 compared with...
Cloudvirga Intros New Mobile App to Connect Real Estate Agents, LOs
Knowing that a mobile-first experience gives lenders a leg up with agents in today’s purchase-driven market, Cloudvirga has launched a new mobile app that...
Jeff Williams: APIs Key to Workflow Automation
PERSON OF THE WEEK: Jeff Williams is programmer/API team lead for Financial Industry Computer Systems Inc. (FICS), a provider of in-house mortgage loan origination,...
Veros Now Integrated with Valligent
Veros Real Estate Solutions’ VeroPRECISION automated valuation solution is now integrated with Valligent's appraisal and appraisal review services.
That means mortgage lenders using VeroPRECISION for...
MBA: Average Cost to Originate a Mortgage Increased to $8,475 in Q4
Shrinking refinance volume and lackluster purchase volume caused the net profit per loan to fall to $237 in the fourth quarter of 2017, down...
FHFA: Home Prices Up 7.3% Year Over Year in January
U.S. home prices increased 0.8% in January compared with December and were up 7.3% compared with January 2017, according to the Federal Housing Finance...
OpenClose Taps Mortgage Technology Industry Veteran Tom Rice
Mortgage technology industry veteran Tom Rice has joined OpenClose, a multi-channel loan origination system (LOS) and mortgage fintech provider, as vice president enterprise account executive.
Rice...
Freddie Mac: Mortgage Rates Held Flat This Week
Mortgage rates were more or less flat during the week ended March 22, with the average rate for a 30-year fixed-rate mortgage (FRM) at...
Refinance Share Fell to 43% of All Mortgages in February
Refinances in February fell to 43% of total mortgage origination volume, according to Ellie Mae’s Origination Insight Report, which is based on data voluntarily...
Roostify Hires Mark McLaughlin as VP of Business Development
Mark McLaughlin has joined Roostify, a provider of digital mortgage point-of-sale software, as vice president of business development.
McLaughlin is veteran in enterprise SaaS business....
MBA: Mortgage Applications Fell 1.1%
After increasing slightly the previous week, mortgage application volume dipped 1.1% on an adjusted basis during the week ended March 16, according to the...