NAR: Existing-Home Sales Increased 3.1 Percent in January as Inventory Increased
Existing-home sales increased in January, rising 3.1% compared with December but down 1.7% compared with January 2023, according to the National Association of Realtors...
Clear Capital Updates Universal Data Collection Product to Align with UPD
Clear Capital has updated its proprietary data collection product Universal Data Collection (UDC) to deliver the Uniform Property Dataset (UPD), Fannie Mae and Freddie...
Mortgage Cadence Launches New Version of LOS
Mortgage Cadence, an Accenture company, has released version 4.0 of its Mortgage Cadence Platform (MCP) Loan Origination System (LOS).
The company launched MCP in 2021...
Mortgage Applications Plummeted Last Week as Average Rate for a 30-Year Rose Above 7...
Mortgage application volume dropped 10.6% last week as the average rate for a 30-year fixed-rate mortgage increased to 7.06%, up from 6.87% the previous...
First American: Annual Home Price Growth May Have Peaked in December
U.S. home prices increased 0.3% in December compared with November and were up 7.2% compared with December 2022, according to First American’s home price...
Dark Matter Empower LOS Now Integrated with Truv Income and Employment Verifications
Truv, which offers income and employment verifications, is now integrated with Dark Matter Technologies' Empower LOS and Exchange Service Network.
The integration accelerates loan processing,...
Redfin: Housing Market Lost Some Steam in January
The housing market slowed down in January as mortgage rates went back on the rise mid-month and home prices increased more rapidly, according to...
Clever Real Estate Launches Title and Escrow Company
Clever Real Estate has launched a new title company appropriately dubbed Clever Title.
Clever Title is a modern, tech-forward title and escrow company designed to...
MBA: Applications for New Home Purchases Jumped 38 Percent in January
Applications for mortgages for new home purchases increased 38% on an unadjusted basis in January compared with December and were up 19.1% compared with...
Housing Starts Fell Nearly 15 Percent in January as Mortgage Rates Went Back on...
Housing starts tumbled in January, falling 14.8% compared with December to reach a seasonally adjusted annual rate of 1.331 million, according to estimates from...
American Financial Network Using Snapdocs as Part of its Digital Closing Strategy
American Financial Network is using Snapdocs’ e-closing and e-vault solutions to accelerate retail digital closing adoption, improve margins, and increase secondary market efficiency.
Snapdocs will...
NAHB: Homebuilder Confidence Increased for Third Straight Month in January
Homebuilder confidence continued to increase in January, rising four points to a score of 48 on the National Association of Home Builders (NAHB)/Wells Fargo...
Mortgage Rates Rise for a Second Week as Applications Plummet
Mortgage rates continued to rise this week, with the average rate for a 30-year fixed-rate mortgage increasing to 6.77%, up from 6.64% last week...
Augusta Mortgage Partners with Calque to Offer The Trade-In Mortgage
Georgia-based Augusta Mortgage Company is the latest lender to partner with Calque in launching The Trade-In Mortgage, a buy-before-you-sell program that allows borrowers to...
FirstFunding Hires Matt Coles as National Sales Manager
Matt Coles has joined FirstFunding Inc., a wholly owned subsidiary of First American Financial Corp. that provides warehouse funding to correspondent lenders, community banks,...
MBA: Mortgage Applications Dipped Last Week as Rates Increased
Mortgage application volume fell 2.3% during the week ended February 9, as the average rate for a 30-year, fixed-rate mortgage increased to 6.87%, up...
Guild Mortgage Acquires Retail Lending Assets of Academy Mortgage
Guild Mortgage has acquired the retail lending assets of privately held Utah-based lender Academy Mortgage Corp.
The deal strategically expands Guild’s market share and makes...
Optimal Blue: Mortgage Lock Volume Rose in January on Lower Rates
Mortgage lock volume increased 36% in January compared with December, in response to lower mortgage rates, according to the Optimal Blue Originations Market Monitor.
"The...
Freddie Mac Announces Two New VPs of Seller Engagement
Eric Wilson and Jonathan Kunkle have each been named vice president of seller engagement for Freddie Mac’s single-family division.
Wilson, who will handle the East...
Donna Schmidt: How Mortgage Servicers Can Protect Against Data Breaches
PERSON OF THE WEEK: The mortgage industry has been hit hard by cybersecurity incidents in recent months, causing alarm among both lenders and servicers....