ARMCO: Risk of Serious Defects in Mortgage Applications Jumped 7% in Q1
The risk of critical defects in mortgage applications increased 7% in the first quarter compared with the fourth quarter, due primarily to the shift...
CoreLogic: Borrowers Saw Home Equity Increase 10.6% on Average During Past Year
Mortgage borrowers in the U.S. saw the equity in their homes increase by a total of $766 billion in the second quarter - an...
Mortgage Rates Reverse Trend, 30-Year Rises For First Time in Seven Weeks
As had been forecast, mortgage rates moved up slightly during the week ended Sept. 21, after hitting a new low for the year the...
NAR: Full Impact of Harvey, Irma on Home Sales Won’t be Known for Months
Existing-home sales dipped in August relative to July but were up slightly compared with August 2016, according to the National Association of Realtors (NAR).
It...
Average Number of Days to Close a Mortgage Fell Again in August
Refinances represented about 35% of all mortgages originated in August - flat compared with July but down considerably from about 45% in August 2016,...
MBA: Mortgage Application Volume Fell 9.7% Week After Labor Day
After increasing 9.9% the previous week, mortgage application volume decreased 9.7% during the week ended Sept. 15, according to the Mortgage Bankers Association’s (MBA)...
LendingQB Partnering with ValueInsured
ValueInsured’s down payment protection solution is now integrated with LendingQB’s mortgage loan origination system, thanks to a partnership between the two companies.
By making ValueInsured’s...
Black Knight Rolls Out TitlePoint 5.0
Black Knight has released TitlePoint version 5.0, which combines the functionality of TitlePoint and TitlePoint Xpress.
With TitlePoint and TitlePoint Xpress combined into a unified...
Housing Starts Dipped in August, Due To Hurricane Harvey
Housing starts dipped in August, due primarily to the impact of Hurricane Harvey, which struck the greater Houston, Texas, area for several days starting...
CoreLogic: Risk of Mortgage Application Fraud on the Rise
The risk of fraud in mortgage applications increased 16.9% in the second quarter compared with the second quarter of 2016, according to CoreLogic’s Mortgage...
Virtual StrongBox Wins Two More Patents
Mortgage lenders know the risk they take if they fail to comply with the new regulations and guidelines put in place since the financial...
Mortgage Network Hires Jay Murphy as LO Serving Greater Boston Area
Mortgage industry veteran Jay Murphy has joined Mortgage Network as a loan officer serving the Greater Boston area.
Murphy has more than 10 years of...
MBA: Harvey, Irma Dented Mortgage Application Volume in Texas, Florida
Understandably, there aren’t a whole lot of folks who would want to go home shopping and/or apply for a mortgage in coastal Texas or...
Starkey Mortgage Rebrands to Certainty Home Loans
In an effort to put a stronger focus on its expertise, transparency and customer service, WR Starkey Mortgage has rebranded itself to Certainty Home...
New Trade Association Aims To Make Detroit A Major Hub For Fintech
Nonprofit trade organization formed to grow and highlight the existing culture of technology-driven financial services in Detroit.
Mortgage Lender New American Funding Opens New Branch In San Jose
Direct mortgage lender New American Funding reports that it has opened a new branch in downtown San Jose, Calif.
The new branch in the heart...
Black Knight: Purchase Lending in Q2 Hit Highest Level Since 2007
Purchase lending in the second quarter hit its highest level since 2007, according to Black Knight’s most recent Mortgage Monitor report.
About $467 billion in...
Freddie Mac: Mortgage Rates Hold Near Year-to-Date Low
Mortgage rates held near last week's year-to-date low, according to Freddie Mac’s Primary Mortgage Market Survey.
During the week ended Sept. 14, the average rate...
Brian Montgomery Tapped to Serve Second Tour as FHA Commissioner
The Trump administration on Tuesday announced its intention to nominate Brian Montgomery as commissioner of the Federal Housing Administration (FHA).
Montgomery, who previously served as...
Fiserv Launches Solution Supporting Final CECL Standards
Fiserv, a provider of technology and services to the mortgage industry, has launched Prologue Credit Loss Manager, a software solution that provides support for...