Freddie Mac: 30-Year at Highest Average Rate Since December 2016
Mortgage rates continued to climb during the week ended Feb. 8, with the average rate for a 30-year fixed-rate mortgage rising to 4.32%, up...
Anthony Jabbour Named CEO of Black Knight
Anthony Jabbour has been named CEO of Black Knight, offering software, data and analytics to the mortgage industry, replacing current CEO Tom Sanzone, who...
Reverse Mortgage Lender AAG Now Offering Traditional Mortgages
Reverse mortgage lender American Advisors Group (AAG) reports that, after testing the waters last year, it is officially ready to start offering traditional mortgages.
In addition,...
MBA: Mortgage Applications Inched Up Slightly
After decreasing 2.6% the previous week, mortgage application volume inched up 0.7% on an adjusted basis during the week ended Feb. 2, according to...
The New World of Mortgage Tenure
What’s really needed to move the housing sector - and mortgage originations with it - is a greater certainty that the economy has firmed.
MBA: Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January, rising 2.1% to a score of 182.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
A...
CoreLogic: U.S. Home Prices Continued to Climb in December
U.S. home prices increased 0.5% in December compared with November and were up 6.6% compared with December 2016, according to CoreLogic’s home price index.
Currently,...
FHFA Extends Deadline for Feedback on GSEs’ Use of Alternative Credit Scoring Models
The Federal Housing Finance Agency (FHFA) has extended the deadline for feedback on whether government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac should consider...
M&T Bank Now Using Black Knight’s Business Intelligence Solution
M&T Bank is now using Black Knight’s enterprise business intelligence solution, which has LoanSphere Data Hub and LoanSphere Motivity as its primary components.
With the...
Bay Equity Home Loans Hires Letty Huffman as Regional Sales Manager
Letty Huffman recently joined Bay Equity Home Loans as regional sales manager for southern Arizona.
Huffman is a 27-year veteran of the mortgage industry. A...
Recovco Mortgage Management Hires John Guy as Director, Business Development
John Guy recently joined Recovco Mortgage Management, a provider of residential and consumer loan fulfillment, due diligence, quality control, transaction management and loan servicing...
Black Knight Releases New End-to-End Digital Close Fulfillment Solution
Black Knight has released a new end-to-end digital mortgage solution that streamlines and expedites the closing process.
The new solution, called Expedite Close, supports the...
CondoPak Now Integrated with LendingQB
CondoPak, a software solution used to streamline the underwriting condominium loans, is now integrated with LendingQB’s loan origination system.
CondoPak, made by CondoTek, includes the...
Senate Bill Would Reverse FHFA Ruling Barring ‘Captive Insurers’ from FHLB Membership
A bipartisan bill introduced in the Senate would reverse a 2016 ruling from the Federal Housing Finance Agency (FHFA) to disallow captive insurance companies...
Mortgage Rates Rise For Fourth Consecutive Week
Mortgage rates increased for a fourth straight week, with the average rate for a 30-year loan at 4.22%, up from 4.15% the previous week,...
Pending Home Sales Eked Out an Increase in December
Pending home sales increased 0.5% in December compared with November to reach a score 110.1 on the National Association of Realtors’ (NAR) Pending Home...
First Community Mortgage Expands its Consumer Direct Team in Cleveland
First Community Mortgage (FCM) reports that it added 25 people to its consumer direct division in Cleveland, Ohio, in 2017.
A wholly owned subsidiary of...
MBA: Mortgage Applications Fell 2.6%
After increasing for three consecutive weeks, mortgage application volume decreased 2.6% on an adjusted basis during the week ended Jan. 26, according to the...
FirstClose Reports Growth in 2017; Moving to Larger Office Space
Mortgage technology firm FirstClose reports that it signed 65 new deals and hired 17 new employees in 2017.
As a result of its recent growth,...
ARMCO: Critical Defects in Mortgage Loans Increased 9% in Q2 2017
Critical defects in mortgage loans increased in the second quarter of 2017, rising 9% compared with the first quarter of 2017, according to ARMCO’s...