FinLocker to Cover Cost of Verifications
Verifications are one of the fastest-growing expenses in the mortgage origination process right now.
In response, FinLocker, which offers technology that readies consumers to become...
Usherpa Hires Laila Stout as Senior Marketing Strategist
Experienced marketing executive Laila Stout has joined Usherpa, developers of the real estate and mortgage industry’s first customer relationship engagement platform (REP) platform, as...
Cotality to Offer Optimal Blue’s Direct-Source Origination Data
Optimal Blue reports that it has formed a strategic alliance with Cotality - formerly known as CoreLogic - under which Cotality will offer Optimal Blue’s...
Mortgage Rates Decrease and Flatten After Several Weeks of Volatility
Mortgage rates edged down this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.65%, down from 6.67% last week, according...
MBA: Homebuyer Affordability Remained Flat in February
The national median mortgage payment applied for by purchase applicants in February was $2,205 - basically flat compared with January - according to the...
Waterstone Mortgage Hires Margie Hennessey as VP, Eastern Region Sales
Margie Hennessey has joined Waterstone Mortgage Corp. as vice-president – eastern region sales.
Hennessey has more than 21 years of experience in the mortgage lending...
Pending Home Sales Up 2 Percent in February as Spring Homebuying Season Off to...
Pending home sales increased 2.0% in February compared with January however they were down 3.6% compared with February 2024, according to the National Association...
First American: Home Affordability Improved Slightly in February
Homeownership was more attainable in February and is poised to become slightly more affordable in the months to come, as inventory increases, incomes rise...
FHFA Director Pulte Rescinds Series of Biden-Era Orders, But Won’t Change Conforming Loan Limits
Bill Pulte, director of the Federal Housing Finance Agency (FHFA), on Tuesday rescinded a series of advisory bulletins and directives implemented by the Biden...
CoreLogic to Rebrand as Cotality
Global property data and real estate solutions firm CoreLogic is rebranding to Cotality.
The new name reflects the company’s deep commitment to collaboration and connectivity,...
Purchase Applications Saw Strongest Monthly Pace Since January
Total mortgage application volume fell 2.0% during the week ended March 21, as rates decreased slightly, however purchase applications continued to increase, according to...
New Home Sales Increased in February But Are Well Below What They Need to...
New home sales increased 1.8% in February compared with January to reach a seasonally adjusted annual rate of 676,000, according to estimates released jointly...
Home Flipping Continued to Decline in 2024
About 298,000 single-family homes and condos were flipped in 2024 - a decrease of 7.7% compared with 2023 and down 32.4% from a peak...
Gen Z, Millennials Tracking Behind Older Generations in Terms of Homeownership
Young Americans are tracking behind their parents' generations in terms of the homeownership rate, a recent report from Redfin shows.
For instance, 33% of 27-year-olds...
Prudent AI’s Lender Clients Report Gaining Operational Efficiencies
Prudent AI, offering AI-powered income verification, reports that mortgage lenders are experiencing significant operational efficiencies and growth with its income intelligence tool.
Prudent AI empowers...
Fairway Promotes Amy Slotnick to President of National Branch Optimization – Sales
Amy Slotnick has been promoted to president of national branch optimization – sales, at Fairway Independent Mortgage Corp.
Slotnick has 42 years of mortgage industry...
New FHFA Director Bill Pulte Commences Restructuring at Fannie, Freddie
Bill Pulte, newly installed director of the Federal Housing Finance Agency (FHFA), has begun restructuring government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac, firing...
USMI Survey: Buying and Owning a Home Remains a Priority for Americans
Buying and owning a home remains a priority for Americans, recent market research from U.S. Mortgage Insurers (USMI) confirms.
In 2024, nearly 8 in 10...
Truework Introduces New, Fully Automated Verification Platform, Truework Intelligence
Truework, a provider of income and employment verification technology, has introduced Truework Intelligence, the first fully automated and comprehensive verification platform for mortgage lenders...
Fed Holds Rates Steady For Now
Citing that the unemployment rate has stabilized at a low level in recent months, and labor market conditions remain solid, the Federal Open Market...