Are Prime Borrowers Really Still ‘Prime?’
In the current economic climate, borrowers and lenders alike are afflicted by rising inflation, elevated interest rates and changing employment patterns. Just as borrowers...
MBA: Mortgage Credit Remained Tight in April
Mortgage credit availability was basically flat in April, rising just 0.1% compared with March to reach a score of 94.0 on the Mortgage Bankers...
Strong Growth Pushes U.S. Homeowner Tappable Equity to Record $11 Trillion
Strong home price growth - propelled by a lack of inventory - pushed U.S. mortgage holders’ tappable equity to a record $11 trillion in...
Redfin: Declining Home Affordability is Hitting America’s Low-Income Buyers Hardest
The progress that was made in providing mortgages to a higher percentage of low-income homebuyers during the pandemic years has been reversed in the...
Candescent Taps Adam Johnston as SVP
Adam Johnston has joined Candescent Capital Ventures, a private equity firm specializing in investments in the prop-tech space, as senior vice president, chief program...
HUD, GSEs to Allow Consumers to Seek Reconsideration of Appraisals
The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA), and government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
Newfi EquityChoice Now Available in 16 More States
Newfi Lending reports that its EquityChoice product is now available in 16 additional states.
EquityChoice is a second lien, shared appreciation mortgage giving homeowners immediate...
Capital Community Bank Acquires Security Home Mortgage
Capital Community Bank (CCBank), a community bank in Utah, has acquired Security Home Mortgage (SHM), a provider of home mortgage solutions in Utah since...
Patelco Credit Union Selects Empower LOS
Patelco Credit Union is now using the Empower LOS from Dark Matter Technologies to streamline and bolster home loan and home-equity origination.
Patelco is California's...
CubiCasa Launches New Features for its Property Data Mapping
CubiCasa, which offers interior property data mapping through smartphone scanning, has launched new features that extend the company’s products beyond floor plans.
From the same...
CRM Software Provider Usherpa Joins The Mortgage Collaborative as a Preferred Partner
Usherpa, which offers a customer relationship engagement platform (REP), is now a preferred partner with The Mortgage Collaborative (TMC), a mortgage cooperative.
TMC’s growing network...
Dovish Jobs Report Indicates Slowing Labor Market
The U.S. economy added 175,000 jobs in April - lower than expectations - while the unemployment rate increased to 3.9%, according to the U.S....
FHFA: U.S. Home Prices Increased 1.2 Percent in February
U.S. home prices increased 1.2% in February compared with January and were up 7% compared with February 2023, according to the Federal Housing Finance...
MMI Hires Ron Ross as Chief Financial Officer
Ron Ross has joined Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and real estate industries, as chief...
Mortgage Rates Continue to Increase Heading Into Peak Homebuying Season
The average rate for a 30-year fixed-rate mortgage increased to 7.22% this week, up from 7.17% the previous week and up from 6.39% a...
Xactus Names Danielle Walker SVP, Business Development
Danielle Walker has been promoted to senior vice president, business development, at Xactus.
Previously she served as vice president, product development. She also previously served...
ATTOM: Profit Margins on Home Sales Decreased in Q1
Profit margins on median-priced single-family home and condo sales in the U.S. decreased to 55.3% in the first quarter – the lowest level observed...
Survey: Many Homeowners Aren’t Aware They Can Use Equity to Pay Down Credit Card...
A survey conducted for FirstClose reveals that homeowners lack awareness regarding how home equity can be used to pay down higher-interest credit card debt.
In...
Truv Now an Authorized Report Supplier for Fannie Mae’s DU Validation Service
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks, and credit unions, is now an authorized report supplier for...
American Heritage Lending Using OptifiNow TPO for its Wholesale Operations
Non-QM lender American Heritage Lending (AHL) is now using the OptifiNow TPO CRM system to improve its sales and marketing capabilities.
The move to the...