MBA: Homebuyer Affordability Declined in February
The national median payment applied for by purchase applicants increased to $2,184 in February, up 2.4% from $2,134 in January, according to the Mortgage...
NAR: Pending Home Sales Increased 1.6 Percent in February
Pending home sales increased 1.6% in February compared with January but were down 7.0% compared with February 2023, according to the National Association of...
U.S. Home Prices Dipped 0.1 Percent in January, According to FHFA’s Home Price Index
U.S. home prices fell 0.1% in January compared with December, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly home price index,...
Mortgage Applications Decreased Last Week Despite Drop in Rates
Mortgage application volume decreased 0.7% during the week ended March 22, despite a slight decrease in mortgage rates that brought the average rate for...
Bindiya Jain: To Personalize Offerings, Mortgage Lenders Should Look at Both Credit and Property...
PERSON OF THE WEEK: Mortgage lenders are struggling in this challenging market. As a result, many are turning their focus on their existing customers...
Redfin: New Listings Continue to Increase, Bringing Some Buyers Back to Market
The total number of U.S. homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023,...
Fannie Mae: Mortgage Rates Likely to Remain ‘Higher for Longer’
Mortgage rates will likely remain “higher for longer” than previously forecast, according to Fannie Mae’s Economic and Strategic Research (ESR) Group.
Because the job market...
Floify Introduces Per-Loan Pricing Option for Mortgage Lenders
Mortgage point-of-sale (POS) solutions provider Floify has launched Lender Edition, a flexible per-loan pricing option for mortgage lenders.
Floify Lender Edition is the counterpart to...
ATTOM: 2023 Not a Good Year for Home Flipping
As most would expect, last year was a disappointing year for home flipping, as affirmed by ATTOM’s 2023 U.S. Home Flipping Report.
The firm’s data...
Truv Verifications Soon to be Available Through Fannie Mae’s Desktop Underwriter
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier...
Forta Solutions Reports First Warehouse Loan Funded Through its Agility Platform
Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which...
The Mortgage Collaborative Brings Blue Sage Solutions Interim Servicing Solution to Members
The Mortgage Collaborative has added mortgage technology firm Blue Sage Solutions to its roster, allowing the consortium to deliver the Blue Sage Digital Servicing...
Former FHFA Chief Fintech Officer Jason Cave Joins Board of Advisors at Argyle
Jason Cave, former chief fintech officer and deputy director for the FHFA, has joined the board of advisors at Argyle, a provider of automated...
Mortgage Collaborative Adds Click n’ Close’s Correspondent Loan Program
Multistate mortgage lender Click n' Close is now a preferred partner with The Mortgage Collaborative (TMC), a consortium dedicated to providing mortgage lenders with...
Mortgage Rates Back on the Rise as Spring Homebuying Season Heats Up
After decreasing the previous two weeks, mortgage rates went back on the rise this week, with the average rate for a 30-year, fixed-rate mortgage...
NAR: Existing-Home Sales Jumped 9.5 Percent Month-Over-Month in February
Existing-home sales were at a seasonally adjusted annual rate of 4.38 million in February, an increase of 9.5% compared with January but down 3.3%...
MBA: Mortgage Applications Dipped Last Week as Rates Edged Up
Mortgage application volume dipped 1.6% during the week ended March 15, as the average rate for a 30-year fixed-rate mortgage increased to 6.97%, up...
Freddie Mac Appoints Michael T. Hutchins as Interim CEO
Michael T. Hutchins will serve as the interim CEO for Freddie Mac as the company continues its search for a permanent CEO.
Hutchins also will...
Fifth Third Bank Moving to ICE’s Encompass and MSP Core Systems
Fifth Third Bank is moving its origination and servicing operations to the end-to-end mortgage technology ecosystem from Intercontinental Exchange, Inc. (ICE).Using the Encompass and...
Housing Starts Surged 10.7 Percent in February as Builder Sentiment Brightened
Housing starts surged to a seasonally adjusted annual rate of 1.521 million in February, an increase of 10.7% compared with January and an increase...