Mortgage Rates Ticked Back Down This Week With Average Rate for 30-Year Falling to...
After rising slightly last week, mortgage rates ticked back down this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.63%,...
National Homeownership Rate Dipped in the Fourth Quarter
The national homeownership rate dropped to 65.7% in the fourth quarter of 2023, down from 66% in the third quarter and down from 65.9%...
Downpayment Assistance Programs Flourished in 2023, as Affordability Declined
As affordability eroded, due to higher mortgage rates and record-high home prices, downpayment assistance programs flourished during 2023, increasing 6% compared with 2022, according...
Mortgage Applications Fell 7.2 Percent Last Week as Buyers Continue to Face Limited Options
Mortgage application volume fell 7.2% on an adjusted basis during the week ended January 26, as the average rate for a 30-year fixed-rate mortgage...
Dark Matter Technologies Hires Tony Fox as Chief of Client Engagement
Tony Fox is the new chief of client engagement for loan origination software provider Dark Matter Technologies.
Following Black Knight’s September 2023 acquisition, Fox assumed...
It’s Easier Now to Get a Tax Transcript – Or Is It?
“…Nothing is certain except death and taxes” - Benjamin Franklin
BLOG VIEW: The IRS recently announced it was overhauling the Income Verification Express Service (IVES)...
ATTOM Reveals Cities Where All-Cash Home Sales Were Highest in 2023
Which markets saw the highest percentage of all-cash home sales in 2023?
According to ATTOM’s 2023 Year-End Home Sales report, the top MSAs with the...
Angel Oak Launches New Bank Statement HELOC Product
Non-QM mortgage lender Angel Oak has launched a new bank statement product that allows self-employed homeowners to tap into their home equity while retaining...
Freedom Bank of Virginia Taps Tohir as EVP and Head of Commercial Banking
Marc A. Tohir has joined mortgage lender Freedom Bank of Virginia as executive vice president and head of commercial banking.
Tohir has extensive banking experience...
Rich Berg: Warehouse Lending Challenges and Outlook
PERSON OF THE WEEK: The warehouse lending segment has been adapting to some major changes during the past year and half - not the...
Profit Margins on Home Sales Decreased in 2023 But Remained Near All-Time Highs
While both gross profits and profit margins on home sales remained near record levels in 2023, they decreased from 2022, marking the first declines...
MBA: Homebuyer Affordability Improved in December
The national median mortgage payment applied for by purchase applicants fell to $2,055 in December, down from $2,137 in November, according to the Mortgage...
Pending Home Sales Surge in December, a ‘Promising Sign For The Housing Market’
Driven by lower mortgage rates and a slight increase in inventory, pending home sales surged 8.3% in December compared with November and were up...
Samuel Bjelac Returns to Carrington Mortgage Services as SVP, National Sales, TPO
Non-QM industry veteran Samuel Bjelac has returned to Carrington Mortgage Services as SVP, national sales, TPO (third-party origination).
Bjelac is a respected, well-seasoned leader, with...
Mortgage Rates Up Slightly But Are Starting to Stabilize
Mortgage rates increased slightly this week, with the average rate for a 30-year, fixed-rate mortgage rising to 6.69% as of January 25, up from...
Click n’ Close Taps Sean Drake as Account Executive
Sean Drake has joined Click n' Close’s third-party originator sales team as an account executive.
Click n' Close is a multi-state mortgage lender serving consumers...
CoreLogic: Mortgage Performance Still Strong in November as Job Market Remains Resilient
Mortgage performance continued to remain strong in November, although early stage delinquencies crept up slightly, according to CoreLogic’s Home Loan Performance Insights Report.
Only 2.9%...
New Home Sales Jumped 8 Percent in December on Lower Rates
New home sales in December were at a seasonally adjusted annual rate of 664,000, an increase of 8.0% compared with November and an increase...
Redfin: Home Price Growth Slowed in December
U.S. home prices increased 0.4% in December compared with November — the smallest month-over-month increase since June — according to Redfin.
December represented the third...
MBA: Purchase Applications Increased Last Week Despite Higher Rates
Mortgage application volume increased 3.7% on an adjusted basis during the week ended January 19, as the average rate for a 30-year, fixed-rate mortgage...