Freddie Mac: Mortgage Rates Increased For Ninth Week Straight
Mortgage rates moved higher for a ninth consecutive week during the week ended Dec. 29, with the average rate for a 30-year, fixed-rate mortgage...
Black Knight: Purchase Volume Might Not Meet Lenders’ Expectations In 2017
Black Knight Financial Services' most recent Mortgage Monitor report is in line with other recent industry reports in that it shows that refinances were...
Equity National, Mid America Mortgage Successfully Execute E-Closings
Equity National Title and Mid America Mortgage recently worked together to complete three e-closings, including one in Austin, Texas.
Equity is a national title/settlement agent...
Mortgage Peer Network Now Integrated With LendingQB
To help mortgage lenders increase loan volume and reduce origination costs, Mortgage Peer Network's peer-based analytics have been integrated with LendingQB's cloud-based loan origination...
Report: Only 30% Of Mortgage Lenders Are Satisfied With Their LOS
A recent report from STRATMOR Group reveals that upwards of 30% of mortgage lenders are dissatisfied with their loan origination system (LOS).
Only 28% of...
Essent MI Can Now Be Ordered Seamlessly Via PCLender’s LOS
Essent Guaranty Inc.'s mortgage insurance pricing engine is now integrated with PCLender's loan origination system (LOS), thus giving lenders using the LOS a fast...
First American: Automated Verification Tools Are Driving Down Loan Defect Rate
The rate of defects (i.e., errors, whether intentional or not) in loan applications remained unchanged in November compared with October, according to First American...
Pending Home Sales Dipped In November
Pending home sales dipped 2.5% in November to a score of 107.3 on the National Association of Realtors' (NAR) Pending Home Sales Index.
That's down...
U.S. Housing Market Continued To Improve In October
The U.S. housing market continued to improve in October, reaching a score of 86.4 on Freddie Mac's Multi-Indicator Market Index (MiMi).
That's up 0.42% from...
New Home Sales Jumped 5.2% In November
New home sales were at a seasonally adjusted annual rate of about 592,000 in November - an increase of 5.2% compared with about 563,000...
Home Prices Continued To Rise In October, Affordability Remains A Concern
However, "Home prices cannot rise faster than incomes and inflation indefinitely.”
Deutsche Bank To Pay About $7.2B To Settle Faulty MBS Claims
Deutsche Bank will pay $7.2 billion to settle allegations brought by the U.S. Department of Justice (DOJ) that the bank packaged and sold faulty...
Freddie Mac: Mortgage Rates Continue To Climb
Fixed mortgage rates continued their upward march this week, with the average rate for a 30-year reaching 4.30%, up from 4.16% the previous week,...
Homeward Residential Combines Wholesale And Correspondent Divisions
Homeward Residential Inc., a national mortgage lender and subsidiary of Ocwen Financial Corp., reports that it has consolidated its wholesale and correspondent sales divisions...
NRMLA: Seniors Continued To See Their Home Equity Increase During Q3
The amount of equity held by homeowners aged 62 and older increased by $152 billion, or 2.6%, in the third quarter compared with the...
Ellie Mae: Average Number Of Days To Close Increased To 49 In November
The average time to close for refinances increased to 51 days, while for purchases, it increased to 47 days - both up by one day.
MBA: 30-Year Mortgage Hits Highest Level Since May 2014
After falling for seven consecutive weeks, mortgage application volume finally reversed course, increasing 2.5% during the week ended Dec. 16, according to the Mortgage...
ClosingCorp Hires Gerardo Caceres As SVP Of Data Operations And Product Management
Gerardo Caceres has joined ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries,...
Twelve More Counties Now Using Simplifile For E-Recording
Twelve more counties in Georgia and Louisiana recently signed up for Simplifile's e-recording software.
As per a company press release, the following jurisdictions are now...
NAR: Existing-Home Sales Increased For Third Straight Month In November
Was it the final push before the great slowdown?
Despite rising interest rates, existing-home sales in November increased for a third straight month to reach...