NAR: Existing-Home Sales Plummeted 5.9 Percent in March
Existing-home sales were at a seasonally adjusted annual rate of 4.02 million in March, a decrease of 5.9% compared with February, according to the...
Lisa Pendergast: Tariff Uncertainty Unnerves CRE Finance Market
While the issuance of securities backed by commercial property debt got off to a strong start in the first quarter of this year, uncertainty...
Mortgage Applications Tumbled as Rates Spiked Last Week
Mortgage application volume fell 12.7% during the week ended April 8, as the average rate for a 30-year fixed-rate mortgage increased to 6.90%, up...
New Home Sales Jumped 7.4 Percent in March as Mortgage Rates Dipped
New home sales were at a seasonally-adjusted annual rate of 724,000 in March, a jump of 7.4% compared with February and up 6.0% compared...
Class Valuation Adds Industry Veterans Jim Bannister and Scott Shaw to its Sales Leadership
Jim Bannister and Scott Shaw have joined appraisal management company (AMC) Class Valuation as senior sales executives.
Together, Bannister and Shaw have more than 45...
FHFA Establishes Mortgage Fraud Tip Line and is Exploring Ways to ‘Recall’ Fraudulent Loans
The Federal Housing Finance Agency (FHFA), regulator of government-sponsored enterprises Fannie Mae and Freddie Mac, has established a tip line “where anyone and everyone...
Fannie Mae: Home Prices Continued to Steadily Climb in Q1
Single-family home prices increased 1.4% in the first quarter compared with the second quarter and were up 5.2% compared with the first quarter of...
Report Reveals Why Mortgage Lenders Fail to Upgrade Their Technology
Cost, resistance to change and integration challenges continue to be the primary reasons that mortgage lenders fail to upgrade their technology stack, a report...
Prudent AI Appoints Paul Gigliotti as Chief Growth Officer
Paul Gigliotti has been promoted to chief growth officer at Prudent AI, which aims to accelerate AI adoption across the mortgage industry.
Gigliotti has more...
Checkr to Acquire Verifications Provider Truework
Truework, which offers income and employment verification solutions to the mortgage industry, is being acquired by Checkr, a $5 billion HR platform that helps...
New Training Provider for LOs, Next Level Education, Leverages Advanced Tools
Mortgage industry veterans J.R. Huber and Debbie Gadberry have launched Next Level Education, a new training provider dedicated to empowering mortgage professionals through cutting-edge...
MBA: Mortgage Bankers Barely Turned a Profit in 2024
Mortgage bankers made an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan...
First American’s New VeriTitle Solution Helps Mortgage Lenders Assess Title Conditions Earlier
First American Data & Analytics has launched VeriTitle, a new solution designed to help accelerate the borrowing experience by leveraging proprietary data to provide...
Applications for New Home Purchases Increased in March as Rates Drifted Lower
Applications for mortgages for new home purchases increased by 14% in March compared with February and were up 5.5% compared with March 2024, according...
Mortgage Rates Increase But 30-Year Still Below 7 Percent
Mortgage rates increased this week, as market volatility continued, with the average rate for a 30-year fixed-rate mortgage (FRM) at 6.83%, up from 6.62%...
Cornerstone Capital Bank Launches Two New Joint Venture Companies With Homebuilders
Cornerstone Capital Bank, a national provider of residential mortgage finance and loan servicing solutions and consumer, commercial and institutional banking services, has launched two...
Housing Starts Stalled in March on Economic Uncertainty
Housing starts stalled in March on tariff and trade-war concerns, dropping 11.4% compared with February to a seasonally adjusted annual rate of 1.324 million,...
Xactus Now Offers The Work Number Report Indicator Through its Xactus360 Platform
Verification solutions provider Xactus now offers The Work Number Report Indicator from Equifax through its Xactus360 platform.
The combined solution allows lenders to quickly see an...
Tidewater Mortgage Services Adopts LightSpeed POS From LenderLogix
Retail mortgage lending company Tidewater Mortgage Services has optimized its digital application processes and enhanced the borrower experience by switching to the LiteSpeed point-of-sale...
Ginnie Mae Appoints Joseph Gormley as EVP and COO
Joseph M. Gormley is the new executive vice president (EVP) and chief operating officer (COO) at Ginnie Mae.
Gormley has extensive experience in housing policy...