ATTOM: Profit Margins on Home Sales Decreased in Q1
Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter – the lowest level observed...
Survey: Many Homeowners Aren’t Aware They Can Use Equity to Pay Down Credit Card...
A survey conducted for FirstClose reveals that homeowners lack awareness regarding how home equity can be used to pay down higher-interest credit card debt.
In...
Truv Now an Authorized Report Supplier for Fannie Mae’s DU Validation Service
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks, and credit unions, is now an authorized report supplier for...
American Heritage Lending Using OptifiNow TPO for its Wholesale Operations
Non-QM lender American Heritage Lending (AHL) is now using the OptifiNow TPO CRM system to improve its sales and marketing capabilities.
The move to the...
MBA: Mortgage Applications Fell 2.3 Percent Last Week as Rates Continued to Rise
Mortgage application volume decreased 2.3% during the week ended April 26, as the average rate for a 30-year, fixed-rate mortgage increased to 7.29%, up...
A Guide For Navigating the Evolving Mortgage Landscape in 2024
In the ever-evolving landscape of mortgage finance, the year 2024 presents both challenges and opportunities that demand astute navigation. Following a period of rising...
U.S. Home Prices Continued to Rise in February, Near All-Time Highs
U.S. home prices continued their upward march in February, rising 0.4% compared with January and up 6.4% compared with February 2023, according to the...
Building Success in a Tough Market: Key Strategies for MLOs
In today's mortgage landscape, mortgage loan originators (MLOs) must find their way to success through an increasingly complex and difficult market. With the downturn...
MBA: Mortgage Lenders Lost an Average $1,056 Per Loan Originated in 2023
Mortgage lenders lost an average of $1,056 on each loan they originated in 2023, compared to an average loss of $301 per loan in...
Redfin: Flood of Inventory in Parts of Florida, Texas, Resulting in Price Cuts
A recent flood of homes for sale in certain communities in Florida and Texas has resulted in something considered unusual during the past four...
Homebuyer Affordability Declined in March as Rates, Home Prices Increased
Homebuyer affordability worsened in March, as the average mortgage payment applied for by purchase borrowers increased to $2,201, an increase of $17 compared with...
Agile Launches Electronic Bidding for the Fourth Month in TBA MBS Market
In a move that marks a significant leap forward in the trading landscape of off-screen securities, Agile, which brings mortgage lenders and broker-dealers onto...
Mortgage Rates Continue to Rise With Average Rate for 30-Year Hitting 7.17 Percent
The average rate for a 30-year fixed-rate mortgage increased to 7.17% as of April 25, up from 7.10% last week and up from 6.43%...
Pending Home Sales Increased in March But Meaningful Gains Won’t Occur Until Rates Fall
Pending home sales increased 3.4% in March compared with February and were up 0.1% compared with March 2023, according to the National Association of...
Truv Now Integrated with BeSmartee
Truv, a provider of income, employment and asset verification solutions, is now integrated with BeSmartee, a provider of point-of-sale (POS) software for mortgage lenders.
The...
Mortgage Applications Fell Last Week as 30-Year Increased to an Average 7.24 Percent
Mortgage application volume decreased 2.7% during the week ended April 19, as the average rate for a 30-year fixed-rate mortgage increased to 7.24%, up...
Loan Performance Remained Stable in March, ICE’s First Look Report Shows
Mortgage delinquencies were at a rate of 3.2% as of the end of March, a decrease of 4.15% compared with February but up 9.4%...
Informative Research Hires Kurt Raymond as Senior Vice President
Mortgage industry veteran Kurt Raymond, CMB, has joined Informative Research as senior vice president and borrower journey engineer.
Raymond co-founded mortgage industry consulting firm Excelerate Advisors...
New Home Sales Jumped in March Despite Higher Mortgage Rates
New home sales in March were at a seasonally adjusted annual rate of 693,000, an increase of 8.8% compared with February and up 8.3%...
Research Shows Snapdocs Accelerates Loan Production Timeline
Research conducted by STRATMOR Group shows that mortgage lenders using Snapdocs’ e-closing platform are 18 days faster than industry peers across the loan production...