Freddie Mac: Mortgage Rates Fell Again
Mortgage rates decreased for a second consecutive week during the week ended June 16, according to Freddie Mac's Primary Mortgage Market Survey.
The average rate...
Survey Shows That Millennials Know Less About Credit Than Gen-Xers
A survey recently conducted by the Consumer Federation of America (CFA) and VantageScore Solutions reveals that many consumers do not understand credit score details...
Capsilon Gets Capital Infusion From Francisco Partners
Francisco Partners, a technology-focused private equity firm, has agreed to provide Capsilon Corp., a provider of cloud-based document and data management solutions for the...
Average FICO Score For Closed Mortgages Highest Since August 2015
The average FICO score on all closed mortgages was 724 in May, which is the fourth consecutive monthly increase and the highest average since...
Citing Labor Market Slowdown, Fed Votes To Keep Rates Where They Are
As was expected, the Federal Open Market Committee voted this week to postpone raising short-term interest rates until the economy, and in particular, the...
MBA: Mortgage Application Volume Fell 2.4% Despite Lower Rates
Mortgage application volume decreased 2.4% on an adjusted basis during the week ended June 10, with applications for refinances falling 1.0% and applications for...
Fannie Mae Hires J. Douglas Watt As SVP And Chief Audit Executive
J. Douglas Watt has joined Fannie Mae as senior vice president and chief audit executive, effective July 11.
Watt previously worked for GE Capital Corp.,...
Survey: Student Loan Debt Is Holding Back Potential Home Buyers
A nationwide survey of student loan borrowers who are non-homeowners reveals that about 71% see their student loans as a hindrance to getting a...
MBA: Applications For New Home Purchases Fell 6% In May
Applications for new home purchases decreased 6%, on an unadjusted basis, in May compared with April but increased 18% compared with May 2015, according to...
ACI Rolls Out API For FHA’s EAD Portal
ACI, a First American company, reports that it has developed a custom integration with the Federal Housing Administration's (FHA) Electronic Appraisal Delivery (EAD) portal,...
CUneXus And MeridianLink Improve System Integration
CUneXus Solutions and MeridianLink have strengthened the integration of their two systems - the LoansPQ loan origination system and cplXpress lending automation platform.
Now, CUneXus’...
ICBA To Provide D+H’s Full Suite Of Mortgage Solutions
ICBA Mortgage has extended its agreement with mortgage software firm D+H to deliver D+H's full suite of mortgage solutions to ICBA members.
This will ensure...
George M. Awad Named Interim CEO At Walter Investment Management
Denmar J. Dixon is reportedly resigning from his position as CEO and vice chairman for mortgage banking firm Walter Investment Management Corp. but will continue...
Colonial National Mortgage Opens New Branch In Little Rock
National lender Colonial National Mortgage is opening a new retail branch in Little Rock, Ark.
James Nichols will manage the new location. Nichols has more...
NAR Pushing CFPB For TRID Reforms
Among other suggestions, NAR is asking the CFPB to make changes to TRID that will help allay investor concerns over TRID-related loan defects.
ZipLogix And SIGNiX Ink Three-Year Agreement
zipLogix, a provider of real estate forms software, has inked a three-year contract with SIGNiX, a provider of e-signature technology, to continue using SIGNiX’s...
Freddie Mac: Mortgage Interest Rates Fell Again On Weak Jobs Report
After rising slightly the previous week, mortgage rates ticked back down during the week ended June 9 due mainly to a weaker-than-expected jobs report...
MBA: Mortgage Originations Slightly More Profitable In Q1
Despite decreasing volume and an increase in per-loan production expenses, independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of...
ATPR’s SmartProp Now Integrated With Resware
ATPR Inc., which offers technology solutions for the real estate and settlement services industry, reports that it has successfully built a third-party, bi-directional integration...
MBA: Mortgage Application Volume Took A Healthy Jump
Mortgage application volume jumped an impressive 9.3% during the week ended June 3, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey.
Applications...