Mortgage Applications Basically Flat as Average Rate for 30-Year Rises Back to 7 Percent
Mortgage application volume inched up 0.1% on an adjusted basis during the week ended April 5, as the average rate for a 30-year mortgage...
Jason Perkins: Why Now is the Time to Spring Into Digital Marketing
Mortgage lenders have been relying on CRM software to maintain their customer relationships and grow their businesses for decades. But it’s when the housing...
Optimal Blue Promotes Rick Allen to Chief Operating Officer
Rick Allen has been promoted to chief operating officer (COO) at Optimal Blue, a provider a secondary marketing software.
Allen most recently served as chief...
Mortgage Credit Availability Increased in March, Driven by Growth in Conventional Credit
Mortgage credit availability increased 1.1% in March compared with April, rising to a score of 93.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Fannie Mae: Consumers are ‘Adjusting Their Expectations for the Housing Market’
The percentage of U.S. consumers who say it is a good time to buy a home increased to 21% in March, up from 19%...
ACES: Mortgage Defect Rate Continued to Fall in Q3
The rate of defects in mortgages post-closing fell to 1.67% in the third quarter of 2023, according to ACES’ Q3 2023 Mortgage QC Trends...
Another Stellar Jobs Report Fuels the Fed’s Reluctance to Cut Rates
Roughly 303,000 jobs were added to the U.S. economy in March - above expectations and far higher than the average monthly gain of 231,000...
The National Average Property Tax Rate Increased Nearly 7 Percent in 2023
Roughly $363.3 billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% from $339.8 billion in 2022, according to ATTOM.
The...
Mortgage Rates Inched Up Slightly This Week With 30-Year Still Hovering Around 6.80 Percent
Mortgage rates continued to hold steady this week, with the average rate for a 30-year fixed-rate mortgage rising slightly to 6.82%, up from 6.79%...
Veros: Low Inventory Will Continue to Boost Home Prices Through 2024
U.S. home prices are forecast to increase 2.9% over the next 12 months, according to Veros Real Estate Solutions' quarterly VeroFORECAST report.
This is an...
Informative Research Integrates Veri-Tax with its Platform
Informative Research, a provider of borrower verification solutions and data, has integrated Veri-Tax, a provider of income and employment verifications, with its platform, thus...
MBA: Mortgage Applications Decreased Slightly Last Week Despite Dip in Rates
Mortgage application volume shrank 0.6% during the week ended March 29, as the average rate for a 30-year fixed-rate mortgage dipped to 6.91%, down...
ATTOM: Home Prices Rising Faster Than Wages, Making Homeownership a ‘Pipe Dream’ for Many
Home prices are rising faster than wages in half the U.S., a report from ATTOM shows.
And while the portion of wages needed for homeownership...
MMI Taps Ryan Minard as Senior Sales Engineer
Ryan Minard is the new senior sales engineer for Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and...
Xactus Hires Thomas Gallucci as EVP, Strategic Sales
Thomas Gallucci has joined Xactus, a provider of borrower verification solutions for the mortgage industry, as executive vice president, strategic sales.
Gallucci has nearly 20...
Homeowners Have Zero Incentive to Upsize in This Current Housing Market
With mortgage rates now well above 6.5% and home prices rising to all-time highs due to lack of inventory, first-time homebuyers are getting discouraged...
The Leadership Imperative: Creating Adaptable Teams
BLOG VIEW: In a fast-moving industry, being prepared is never enough. It doesn’t take a large disruptor - in the environment, the company, or...
Redfin: Median Down Payment Up 24.1 Percent Year-Over-Year in February
Faced with higher mortgage rates and rising home prices, homebuyers made larger down payments in February, with the median down payment rising to $55,640,...
Mortgage Rates Decrease Slightly, Helping Some Prospective Homebuyers
Mortgage rates decreased slightly this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.79%, down from 6.87% last week, according...
Planet Home Lending Adds Andy Insua as Regional Sales Manager, Southeast
Andy Insua has joined Planet Home Lending as regional sales manager for the Southeast.
Insua has a diverse financial services background in consumer finance, commercial...