Mortgage Cadence Promotes George Morales to National Sales Manager
George Morales been promoted to national sales manager at Mortgage Cadence, a subsidiary of Accenture offering digital lending software.
Morales has nearly 25 years of...
NAR: Home Affordability Improved Slightly in Q4 Due to Lower Mortgage Rates
Housing affordability marginally improved in the fourth quarter on the back of declining mortgage rates, according to the National Association of Realtors (NAR).
However, lack...
Mortgage Credit Increased in January But Lenders Continue to Pull Back
Mortgage credit availability increased in January, rising to a score of 92.7 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
That’s an...
Jet Mortgage Using OptifiNow’s Wholesale CRM Solution
Jet Mortgage, a rapidly growing wholesale mortgage lender based in California specializing in FHA, VA, and Non-QM lending, is the latest lender to sign up...
Fannie Mae: Consumers Had Brighter Outlook on Mortgage Rates and Employment in January
Consumer sentiment toward the housing market improved significantly in January, rising to a score of 70.7 on Fannie Mae’s Home Purchase Sentiment Index (HPSI).
That’s...
Mortgage Rates Flat This Week with 30-Year Hovering in Mid-Six Percent Range
Mortgage rates were more or less flat this week, with the average rate for a 30-year fixed-rate mortgage at 6.64%, up slightly from 6.63%...
Redfin: More Homebuyers Chose Where to Live Based on Politics and Local Laws in...
Local laws and politics have become an increasingly important factor for homebuyers moving to a new location, a recent survey conducted for Redfin shows.
The...
Mortgage Applications Increased Last Week as 30-Year Remained Basically Flat at 6.8 Percent
Mortgage application volume increased 3.7% during the week ended February 2, despite the average rate for a 30-year fixed-rate mortgage rising to 6.80%, up...
Ryan Hardiman Promoted to President of Embrace Home Loans
Ryan “Buddy” Hardiman has been promoted to president of national mortgage lender Embrace Home Loans.
Hardiman was formerly senior vice president of retail and direct...
CoreLogic: Hot Job Market Helping to Keep Home Prices Elevated
U.S. home prices continued to rise in December, but the rate of appreciation continued to slow.
Prices increased just 0.1%, on average, compared with November,...
Freddie Mac Offering $2500 Credit to Help Low-Income Homebuyers With Closing Costs
Freddie Mac is offering a $2,500 credit to help with down payment and other closing costs for low-income families looking to purchase a home.
The...
New Product From HMA Mortgage Lets Borrowers Tap Their Equity to Purchase a New...
HMA Mortgage, a 100% referral-based mortgage company, has partnered with Calque to launch The Trade-In Mortgage, a new “buy before you sell” program that...
Tracy Huber: One Way Lenders Can Protect Themselves From Buybacks
PERSON OF THE WEEK: Loan buybacks spiked in 2022, following the pandemic-fueled housing boom, and remained elevated through most of 2023, causing alarm for...
ICE: Home Affordability Gradually Improving as Rates Fall, Inventory Increases
Home affordability improved slightly in December, due mainly to lower mortgage rates, stabilizing home prices and increased inventory.
According to ICE Mortgage Technology’s Mortgage Monitor...
Essex Mortgage and Gateway First Bank Are the Latest Servicers to Add WaterfallCalc
Essex Mortgage and Gateway First Bank have joined the growing list of mortgage servicers using WaterfallCalc, a software solution that ensures agency and non-agency...
Clever: ‘The Financial Outlook for Baby Boomers Has Gone From Boom to Bust’
Beyond higher mortgage rates and the “lock-in effect,” there’s another reason many existing homeowners aren’t willing to list and move: A recent report from...
MCT: Mortgage Lock Volume Increased 14 Percent in January
Mortgage lock volume increased 13.96% in January compared with December, according to Mortgage Capital Trading (MCT).
It was the first time since June 2023 that...
Job Growth Surged in January, Exceeding Expectations
Roughy 353,000 jobs were added to the U.S. economy in January - exceeding expectations - while the unemployment rate remained flat at 3.7%, according...
LenderLogix: Pre-Approvals Dropped in Q4 But Are Expected to Rise This Spring
LenderLogix reports that borrowers generated 35,008 pre-approval letters through its QuickQual pre-approval platform in the fourth quarter, a decrease of 23% compared with the...
Redfin: New Homes Represented a Third of For-Sale Homes in Q4
New homes for sale continued to represent about a third of all homes for sale in the fourth quarter, according to a report from...