Zillow: Inventory of Homes for Sale is Up Nearly 20 Percent From a Year...
Inventory of homes for sale surged 19.6% in April compared with April 2024 - and new listings were up 7.6% - but it hardly...
First American: Home Prices Increased Only 2 Percent Year-Over-Year in April
U.S. home prices increased 0.4% in April compared with March but were up only 2% compared with April 2024 - a clear indication that...
Rate Taps Mike Buffler to Provide Entertainment Clients With More Options
Mike Buffler has joined mortgage lender Rate as a loan originator focusing on entertainment clients.
Buffler has more than 13 years of experience in the...
Optimal Blue’s AI-Powered Assistant, Ask Obi, Now Generally Available
Secondary marketing software firm Optimal Blue reports that its AI assistant, Ask Obi, is now generally available to all product & pricing engine (PPE)...
MBA: Mortgage Lenders Lost About $28 Per Loan Originated in Q1
Mortgage lenders saw a pre-tax net loss of $28 on each loan they originated in the first quarter, down from a net loss of...
Housing Starts Were Lackluster in April as Builders Grappled With Economic Uncertainty
Housing starts increased slightly in April, as builders continued to face significant economic uncertainty due to tariffs, in addition to supply and labor headwinds.
Starts...
Mortgage Bankers Association Onboards Kaitlin Hildner as AVP of Loan Administration Policy
Kaitlin Hildner has joined the Mortgage Bankers Association (MBA) as associate vice president of loan administration policy.
Hildner previously served as a senior policy advisor...
Rocktop Technologies Acquiring Incenter Capital Advisors
In a move that will expand its MSR market reach and deepen its data-driven capital markets capabilities, Rocktop Technologies, a technology and AI-enabled solutions-as-a-service...
NAR: Despite Increased Inventory, Housing Affordability Gap Persists
U.S. households earning $75,000 a year can only afford 21.2% of home listings as of March – up slightly from 20.8% in March 2024,...
Average Rate for a 30-Year Jumps But Remains Below 7 Percent
Mortgage rates increased this week, with the average rate for a 30-year fixed-rate mortgage rising to 6.81%, up from 6.76% last week, according to...
A&D Mortgage Closes Second Major Non-QM Securitization This Year
A&D Mortgage has completed its second major non-QM securitization of the year - a $426.67 million transaction backed by 1,136 loans originated by the...
Applications for New Home Purchases Increased 2 Percent in April
Applications for mortgages for new home purchases increased 2% in April compared with March and were up 5.3% compared April 2024, according to the...
ACES: Rate of Critical Defects in Mortgage Loans Hit Near-Record Low in Q4 2024
The rate of critical defects in mortgage loans post-closing was about 1.16% as of the end of the fourth quarter, reflecting a 23.18% decrease...
More Than 80 Percent of Metro Areas Posted Home Price Increases in Q1
More than 80% of metro markets (189 out of 228, or 83%) registered home price gains in the first quarter, down from 89% in...
Mortgage Technology Firm Novaprime Adds David Nielsen as CRO
David Nielsen has joined mortgage technology company Novaprime as chief revenue officer.
Nielsen has 20 years of sales experience at leading mortgage companies. He joins...
GridBase, Qualia Partner to Integrate Resware with Encompass Partner Connect
GridBase, a middleware provider for the title and mortgage industry, and Qualia, a digital real estate closing platform, are partnering to integrate Resware, part...
Mortgage Applications Up Slightly Last Week as Rates Remained Stable
Mortgage application volume increased 1.1% during the week ended May 9, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
Mortgage rates were stable...
MBA: Residential Mortgage Delinquency Rate at About 4 Percent, as of Q1
The residential mortgage delinquency rate as of the end of the first quarter stood at about 4.04% of all loans outstanding, according to the...
Optimal Blue: Purchase Lock Volume Increased in April, as Refi Activity Fell Off
Total mortgage lock volume increased 3.2% in April compared with March, driven mainly by an uptick in FHA loans, according to Optimal Blue's April...
Seamless Integration: The Key to Modernizing Mortgage Servicing Operations
As regulatory expectations evolve, borrower demands shift and the digital transformation of financial services accelerates, mortgage servicers are being forced to re-examine not just...