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...
Corporate Settlement Solutions Appoints Ashley Jelinek CEO
Ashley Jelinek is the new CEO of Corporate Settlement Solutions (CSS), a regional provider of residential and commercial real estate settlement solutions.
With the new...
Mortgage Bankers Association Taps Alicia Goncalves as Director of Associate Membership
Alicia Goncalves, CMB, has joined the Mortgage Bankers Association (MBA) as director of associate membership.
Before joining MBA, Goncalves served as senior customer success manager...
FormFree Enhances Passport Wallet
FormFree has enhanced its Passport Wallet solution by adding a new user interface that makes it easier for consumers to understand their ability to...
Average Rate for 30-Year Crosses 7 Percent for First Time in 2024
The average rate for a 30-year fixed-rate mortgage increased to 7.10% this week, up from 6.88% last week, according to Freddie Mac’s Primary Mortgage...
Existing-Home Sales Fell 4.3 Percent in March, Ending Rebound
Existing-home sales plummeted 4.3% in March compared with February, falling to a seasonally adjusted annual rate of 4.19 million, and were down 3.7% compared...
Fannie Mae: Home Prices Increased 1.7 Percent in Q1
Single-family home prices increased 1.7% in the first quarter compared with the second quarter and were up 7.4% compared with the first quarter of...
MBA: Mortgage Applications Increased Last Week Despite Rising Rates
Mortgage application volume increased 3.3% during the week ended April 12, driven mainly by a 5% increase is purchase applications, according to the Mortgage...
Housing Starts Slowed in March as Market Starved for Inventory
By most measures, March was a bad month for U.S. housing starts, due mainly to stubborn inflation, rising rates and a Federal Reserve that...
MBA: Applications for New Home Purchases Increased 1 Percent in March
Applications for mortgages for new home purchases increased 1% in March compared with February and were up 6.2% compared with March 2023, according to...
Option for Shared Appreciation Now Included with Click n’ Close DPA Mortgage Product Suite
Multi-state wholesale and correspondent mortgage lender Click n’ Close has expanded its suite of down payment assistance (DPA) loan products to include a shared...
LenderLogix Data Shows Increase in Home Buying Activity in Q1
LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, has released its first-quarter Homebuyer Intelligence...
DataTrace Expands Depth of Title Plants in Eight Florida Counties
DataTrace, a provider of data and automation solutions to the title and settlement services industry, has expanded the historic depth of title plants in...
Redfin: More Than Two-Thirds of Renters Think They’ll Never Own a Home
More than two thirds of renters (38%) in the U.S. say they’ll never own a home due to lack of affordability, a recent survey...
Ginnie Mae Now Includes Pool Level Data in HMBS Program
Ginnie Mae has further expanded its low-to-moderate income (LMI) disclosure initiative to include pool-level data for its home equity conversion mortgage (HECM) mortgage-backed securities...
Average Rate for 30-Year Mortgage Re-Approaching 7 Percent
The average rate for a 30-year fixed rate mortgage jumped this week to 6.88%, up from 6.82% last week and up from 6.27% one...
First American: Housing Market Currently Being Driven by the ‘Five Ds’
Existing-home sales in this current market are mostly being driven by the “Five Ds” - death, divorce, diplomas, downsizing, and diapers - according to...
Rocket Mortgage Reports Huge Efficiency Gains Using AI-Driven Underwriting
Rocket Mortgage has rolled out an artificial intelligence (AI)-driven technology platform designed to make homeownership simpler and quicker.
The new platform makes the mortgage process...
Floify, Total Expert Enable Lenders to Send Pre-Populated Applications to Borrowers
Floify, a point of sale solution for mortgage lenders, says it now pre-populates loan applications for borrowers using data on file in Total Expert.
The...