Fannie Mae: 79 Percent of Consumers Say Now is a Bad Time to Buy...
Roughly 79% of U.S. consumers say now is a bad time to buy a home, according to Fannie Mae’s Home Purchase Sentiment Index (HPSI)...
MCT: Mortgage Lock Volume Increased 2 Percent in April Despite Rising Rates
Mortgage lock volume increased 1.87% in April compared with March, according to Mortgage Capital Trading, which offers mortgage capital markets technology.
Amidst an environment of...
Monterra Credit Union Using Dark Matter’s Empower LOS
Monterra Credit Union, a full-service financial institution serving members throughout San Mateo County, Calif., the City of Palo Alto and the San Francisco Bay...
Carrington Hires Steven Winokur as VP, Marketing, Third-Party Origination
Steven Winokur has joined Carrington Mortgage Services as vice president, marketing, third-party origination.
Previously, he was with non-QM lender Angel Oak Lending, where he served...
Are Prime Borrowers Really Still ‘Prime?’
In the current economic climate, borrowers and lenders alike are afflicted by rising inflation, elevated interest rates and changing employment patterns. Just as borrowers...
MBA: Mortgage Credit Remained Tight in April
Mortgage credit availability was basically flat in April, rising just 0.1% compared with March to reach a score of 94.0 on the Mortgage Bankers...
Strong Growth Pushes U.S. Homeowner Tappable Equity to Record $11 Trillion
Strong home price growth - propelled by a lack of inventory - pushed U.S. mortgage holders’ tappable equity to a record $11 trillion in...
Redfin: Declining Home Affordability is Hitting America’s Low-Income Buyers Hardest
The progress that was made in providing mortgages to a higher percentage of low-income homebuyers during the pandemic years has been reversed in the...
Candescent Taps Adam Johnston as SVP
Adam Johnston has joined Candescent Capital Ventures, a private equity firm specializing in investments in the prop-tech space, as senior vice president, chief program...
HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisals
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
Newfi EquityChoice Now Available in 16 More States
Newfi Lending reports that its EquityChoice product is now available in 16 additional states.
EquityChoice is a second lien, shared appreciation mortgage giving homeowners immediate...
Capital Community Bank Acquires Security Home Mortgage
Capital Community Bank (CCBank), a community bank in Utah, has acquired Security Home Mortgage (SHM), a provider of home mortgage solutions in Utah since...
Patelco Credit Union Selects Empower LOS
Patelco Credit Union is now using the Empower LOS from Dark Matter Technologies to streamline and bolster home loan and home-equity origination.
Patelco is California's...
CubiCasa Launches New Features for its Property Data Mapping
CubiCasa, which offers interior property data mapping through smartphone scanning, has launched new features that extend the company’s products beyond floor plans.
From the same...
CRM Software Provider Usherpa Joins The Mortgage Collaborative as a Preferred Partner
Usherpa, which offers a customer relationship engagement platform (REP), is now a preferred partner with The Mortgage Collaborative (TMC), a mortgage cooperative.
TMC’s growing network...
Dovish Jobs Report Indicates Slowing Labor Market
The U.S. economy added 175,000 jobs in April - lower than expectations - while the unemployment rate increased to 3.9%, according to the U.S....
FHFA: U.S. Home Prices Increased 1.2 Percent in February
U.S. home prices increased 1.2% in February compared with January and were up 7% compared with February 2023, according to the Federal Housing Finance...
MMI Hires Ron Ross as Chief Financial Officer
Ron Ross has joined Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and real estate industries, as chief...
Mortgage Rates Continue to Increase Heading Into Peak Homebuying Season
The average rate for a 30-year fixed-rate mortgage increased to 7.22% this week, up from 7.17% the previous week and up from 6.39% a...
Xactus Names Danielle Walker SVP, Business Development
Danielle Walker has been promoted to senior vice president, business development, at Xactus.
Previously she served as vice president, product development. She also previously served...