Applications for New Home Purchases Surged in January
Applications for mortgages for new home purchases jumped 19% in January compared with December but were down 6% compared with January 2024, according to...
Mortgage Rates Dip Slightly for a Fifth Week But it Means Little for Buyers
Mortgage rates dipped slightly for a fifth straight week with the average rate for a 30-year fixed-rate mortgage dropping to 6.85%, down from 6.87%...
Rate Re-Hires Top-Producing Denver LO Chris Franquemont
Top producing LO Chris Franquemont has returned to Rate, following a brief stint with CrossCountry, the national mortgage lender reports.
Franquemont is a dominant loan...
Title Clearing & Escrow Hires Julieann Thornsberry as Business Development Manager
Julieann Thornsberry has joined Title Clearing & Escrow, a provider of title services for the real estate industry, as business development manager.
Thornsberry has more...
Housing Starts Dropped Nearly 10 Percent in January
Housing starts dropped 9.8% in January compared with December as builders reacted to mortgage rates nearing 7% and the looming possibility of tariffs that...
Mortgage Applications Dropped Last Week Despite Dip in Rates
Mortgage application volume dropped 6.6% on an adjusted basis during the week ended February 14, despite a slight decrease in mortgage rates, according to...
Rocket Mortgage Unveils New Program That Provides Closing Cost Credits for Rent Payments
Rocket Mortgage has introduced RocketRentRewards, a new program that provides closing cost credits for renters.
With a Rocket mortgage, homebuyers earn 10% back on the...
Home Builder Sentiment Plummeted in February Over Concerns on Tariffs
Builder confidence in the housing market fell sharply in February over concerns on tariffs, elevated mortgage rates and high housing costs.
As a result, the...
MBA: Share of Mortgages in Forbearance Fell in January
The rate of forbearance on mortgage loans fell to 0.40% in January, a decrease of 7 basis points compared with 0.47% in December, according...
NAHB to Trump: Tariffs on Imported Steel, Aluminum Will Drive Up Construction Costs
President Trump’s executive order imposing 25% tariffs on all imported steel and aluminum products is widely expected to raise residential construction costs, according to...
Rate of Critical Defects in Mortgage Loans Decreased in Q3
The rate of critical defects in mortgage loans post-closing decreased by nearly 17% in the third quarter, ending the quarter at 1.51%, according to...
Active and New Home Listings Increased in January, But Potential Buyers Aren’t Biting
Active listings of homes for sale increased in January to the highest level since early in the pandemic, Redfin reports.
They climbed 0.3% month-over-month on...
MMI Acquires Borrower Monitoring and Predictive Analytics Platform MonitorBase
Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries, has acquired MonitorBase, a borrower...
LoanDepot Adds 10- and 30-Year Terms to its equityFREEDOM Portfolio
LoanDepot has expanded its equityFREEDOM portfolio with 10- and 30-year home equity loan terms.
The expansion means even more homeowners will be able to tap...
Mortgage Rates Edge Down for a Fourth Straight Week
Mortgage rates continued to edge down this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.87%, down from 6.89% last...
More Home Sellers Cutting Prices as Inventory Rises
Nearly 23% of home sellers cut their home's list price in January, according to Zillow.
That’s the highest share of any January since Zillow began...
Optimal Blue: Refinance Activity Surged 20 Percent Year-Over-Year in January
Purchase lock volume increased 16% in January compared with December but was down 6% compared with January 2024, according to Optimal Blue’s latest Market...
Argyle Delivers Fully Embedded VOIE Solution Through Enhanced Integration With nCino
Argyle, which offers income and employment verifications for mortgage lenders, has launched a fully embedded VOIE solution through an enhanced integration with nCino, a...
Informative Research Integrates With Thomas & Company’s Wage and Employment Verification Service
Informative Research, which offers data-driven credit and verification solutions to the lending community, is now integrated with Thomas & Company, a provider of value-added...
Applications for Refinances Increased 10 Percent Last Week on Slight Rate Dip
Mortgage application volume increased 2.3% on an adjusted basis during the week ended February 7, as the average rate for a 30-year fixed-rate mortgage...