MCT Reports 16 Percent Decrease in Mortgage Lock Volume in December
Mortgage Capital Trading, which offers mortgage capital markets technology, reports a 16.7% decrease in mortgage lock volume in December compared with November.
While there was...
Rocket Rebrands Key Business Units, Unveils New Visual Identity
Rocket has rebranded some of its key businesses to unify its services under the overarching "Rocket" brand.
As such, Rocket Pro TPO has been renamed...
Waterstone Mortgage Opens New Office in Bartonville, Texas
Waterstone Mortgage has opened a new office in Bartonville, Texas, that will be managed by Jason Stier, director of VA lending.
The new location will...
DataTrace Expands Automated Title Search, Adds New Search Functionality
DataTrace, a provider of data and automation solutions to the title and settlement services industry, has expanded automated title search to nearly 1,000 counties...
Mortgage Application Volume Rebounds After Decreasing to a Trickle Last Two Weeks of 2024
Mortgage application volume surged 33.3% during the week ended January 10, despite an increase in rates, according to the Mortgage Bankers Association’s (MBA) Weekly...
Lower Taps Adam Wiener as its New President
Adam Wiener is the new president of multi-channel, digital home finance company Lower.
Wiener began his career working in program management for Microsoft's SQL Server...
PHH Mortgage Settles With HUD, Will Refund Borrowers for Convenience Fees
PHH Mortgage Corporation will refund more than 50,000 mortgage borrowers a total of nearly $3.5 million to settle allegations by the U.S. Department of...
Fannie Mae: Annual Home Price Growth Accelerated in Q4
After decelerating for two previous quarters, home price growth re-accelerated on an annual basis in the fourth quarter, according to Fannie Mae.
U.S. home prices...
Ben Fertig: Mortgage Brokers Have Opportunities in the Residential Real Estate Investor Market
PERSON OF THE WEEK: Today’s mortgage brokers face a plethora of challenges that hinder growth, from volatile interest rates and persistent inventory shortages to...
Zillow Hires Zuhairah Washington as SVP of Market Operations
Zuhairah Washington has joined Zillow Group as senior vice president of market operations and Flex general manager.
Washington is an award-winning business executive with a...
Redfin Reports Small Surge in Home Shoppers to Start the New Year
The New Year kicked-off with some good news for U.S. home sales: There was a 2% increase in the number of people shopping for...
More Than One-Third of U.S. Homeowners Say They Will Never Sell Their Home
Because the cost of housing has soared, more than one-third (34%) of U.S. homeowners say they’ll never sell their home, and another 27% say...
NAR Taps Housing Industry Veteran Sherry Chris as a Consultant to CEO Nykia Wright
Housing industry veteran Sherry Chris has been hired as an independent consultant and special advisor to Nykia Wright, CEO for the National Association of...
L.A. Fires Will Likely Have Significant Impact on Area Housing Market
How much of an impact will the Los Angeles wildfires have on the area housing market?
It is anticipated that this disaster will have at...
December Jobs Report Surprises
About 256,000 jobs were added to the U.S. economy in December - far better than expected - while the unemployment rate was flat compared...
First American: 2025 Will be Only Slightly Better Than 2024
It looks like 2025 could be almost as bleak as 2024 for the housing market, according to a report from First American.
The firm predicts...
Consumer Confidence in the Housing Market Dropped in December
Consumer confidence in the housing market waned in December, causing Fannie Mae’s Home Purchase Sentiment Index (HPSI) to drop 1.9 points compared with November...
Mortgage Rates Continue to Rise, With 30-Year Close to 7 Percent
Mortgage rates continued to increase this week, with the average rate for a 30-year, fixed-rate mortgage reaching 6.93%, up from 6.91% last week, according...
Mortgage Credit Availability Increased Slightly in December
Mortgage credit availability increased in December, rising 0.7% compared with November to a score of 96.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Mortgage Machine Now Offers an AI-Powered Pricing Engine
Mortgage origination technology firm Mortgage Machine Services now offers an artificial intelligence (AI)-powered pricing engine that ingests and updates pricing for a lender's investors and...