MBA: Applications for New Home Purchases Increased in February
Applications for mortgages for new home purchases increased 1% in February compared with January and were up 15.7% compared with February 2023, according to...
Five Ways LOs Can Surface More Opportunities with Customers by Using Home Equity
BLOG VIEW: Loan officers are always looking for more opportunities to advance their customers’ financial goals, and leveraging home equity is often a useful...
Mortgage Bankers Association Selects Madisyn Rhone as VP of Legislative Affairs
Madisyn Rhone has joined the the Mortgage Bankers Association (MBA) as vice president of legislative affairs.
Prior to joining MBA, Rhone held ascending roles since...
MBA: Market Conditions Were ‘About as Challenging as it Could Get’ for Mortgage Lenders...
Mortgage lenders saw a pre-tax net loss of $2,109 on each loan they originated in the fourth quarter, up from $1,015 per loan in...
Embrace Home Loans Opens Two New Locations in Rhode Island
Embrace Home Loans recently opened two new offices in East Greenwich and East Providence, Rhode Island.
Mike Raffa is the branch manager for the East...
Click n’ Close Launches New Program to Address Home Buyer Challenges in Rural America
Click n' Close, a multi-state mortgage lender serving consumers and mortgage originators through its wholesale and correspondent channels, has launched a new product is designed...
Survey Reveals Young Prospective Homebuyers are Mostly Undeterred by Higher Mortgage Rates
Despite higher mortgage rates and rising home prices, 63% of Gen Z’ers and 59% of millennials says they plan to purchase a home this...
Mortgage Rates Fell For a Second Week But Are Likely to Stay Elevated For...
Mortgage rates decreased for a second week as the average rate for a 30-year fixed-rate mortgage fell to 6.74%, down from 6.88% last week,...
First American Projects Existing-Home Sales Increased 1.4 Percent in February
First American is projecting that existing-home sales increased 1.4% percent in February compared withe January, rising to seasonally adjusted annual rate of 4.05 million.
Year-over-year,...
Mortgage Applications Jumped Last Week as Average Rate for 30-Year Dipped Below 7 Percent
Mortgage application volume increased 7.1% during the week ended March 8, as the average rate for a 30-year, fixed-rate mortgage fell to 6.84%, down...
BlackFin Group Adds Verification Solutions Provider Argyle as Preferred Partner
Mortgage technology consultancy BlackFin Group has added verification solutions provider Argyle to its Preferred Partners program.
Vetted by an independent team of industry experts with...
Americans Were Slightly More Optimistic About the Housing Market in February
American consumers expressed increased optimism around home-selling conditions in the latest Fannie Mae Home Purchase Sentiment Index.
In February, 65% of consumers said it’s a...
Cloudvirga Expands its Integration with Informative Research’s Verification Platform
Through an expanded integration, originators on Cloudvirga’s Horizon Platform and Horizon TPO can now access Informative Research’s verification of employment (VOE) and verification of...
Optimal Blue: Lock Volume Increased 5 Percent in February, Driven by Surge in Purchase...
Mortgage lock volume increased 5% in February compared with January due to an 8.3% increase in purchase activity during the month, according to Optimal...
HUD Secretary Marcia Fudge to Retire Later This Month
Marcia Fudge, secretary of the U.S. Department of Housing and Urban Development, has announced that she will step down from her post later this...
FirstClose Equity Now Integrated with the Closing Exchange’s Notary and E-Signing Service
FirstClose’s home equity platform, FirstClose Equity, is now integrated with The Closing Exchange’s notary and e-signing service, CXChoice, to offer a complete suite of...
Strong Jobs Report in February Unlikely to Deter Fed Rate Cut
Roughly 275,000 jobs were added to the U.S. economy in February, but an increase in job losses resulted in the unemployment rate rising to...
Planet Home Lending Taps Doug Long as SVP, Divisional Sales Leader
Doug Long has joined Planet Home Lending as senior vice president, divisional sales leader.
Long has more than four decades of experience in mortgage banking....
ICE: Mortgage Credit Increased Slightly in February But Remains Tight
Mortgage credit availability edged up slightly in February, rising 0.2% to a score 92.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index...
MCT: Despite Rising Rates Mortgage Lock Volume Increased 20.9 Percent in February
Mortgage lock volume increased 20.9% in February compared with January as buyer sentiment turned more positive, according to advisory firm Mortgage Capital Trading.
However, it’s...