Private Lending in 2025: Liquidity Risks, DSCR Loan Growth, and the Future of Non-QM...
Investor activity is playing a crucial role in the housing market, with private lenders increasingly stepping in to provide financing where traditional banks have...
Purchase Applications Increased 7 Percent as Spring Homebuying Season Gets Underway
Mortgage application volume jumped 11.2% during the week ended March 7, as the average rate for a 30-year fixed-rate mortgage fell to 6.67%, down...
OptimalBlue: Slightly Lower Mortgage Rates in February Yielded a Surge in Refinance Lock Volume
Mortgage lock volume increased 7% in February compared with January, driven primarily by a surge in refinance activity, according to Optimal Blue's Market Advantage...
Mortgage Credit Availability Increased in February to Highest Level Since March 2023
Mortgage credit availability increased 1.4% in February compared with January, rising to a score of 100.4 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
Floify’s Dynamic Apps Lets Mortgage Lenders Tailor Applications by Loan Type
Floify, which offers a point-of-sale (POS) solution for the mortgage industry, recent introduced Dynamic Apps, a no-code feature that lets lenders tailor loan applications...
Rocket Companies to Acquire Redfin in All-Stock Transaction
Rocket Companies, which includes Rocket Mortgage, has announced its intention to acquire residential real estate platform Redfin in an all-stock transaction.
The merger, if approved,...
X5 Home Loans Now Offering Calque’s ‘Buy Before You Sell’ Loan Products
New Hampshire-based X5 Home Loans is the latest mortgage lender to offer Calque’s “Buy Before You Sell” loan products, including the Trade-In Mortgage.
The independent...
Consumers Less Confident That Mortgage Rates Will Fall Over the Next Year
Consumer confidence in the housing market fell 1.8 points in February to a score of 71.6 on Fannie Mae’s Home Purchase Sentiment Index (HSPI),...
ATTOM Report Identifies ‘Most Vulnerable’ Housing Markets in the U.S.
During the fourth quarter, California, Illinois and the New York City area had the highest concentrations of at-risk markets in the U.S., with parts...
U.S. Labor Market Remains Strong With 151,000 Jobs Added in February
About 151,000 new jobs were added to the U.S. economy in February, slightly below what had been forecast, while the unemployment rate was basically...
Floify Hires Sol Klein as Head of Client Experience and Business Operations
Sol Klein has joined Floify, which offers a point-of-sale (POS) solution to the mortgage industry, as head of client experience and business operations.
Klein is...
Mortgage Rates Fall for a Seventh Consecutive Week
Mortgage rates fell for a seventh consecutive week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.63%, down 13 basis points...
Jeff Gentry: How Lenders and Servicers Can Streamline Their Credit Reporting Processes
PERSON OF THE WEEK: Credit reporting is a critical business function for both mortgage lenders and servicers, as it is the main way they...
Pending Home Sales Falling Through at Record Rates as Buyers Recoil From Sticker Shock
One in seven pending home sales in the U.S. are getting canceled, the highest share on record for this time of the year, due...
MMI Names Kortney Lane-Schafers Vice President of Growth and Client Advocacy
Kortney Lane-Schafers has been promoted to vice president of growth and client advocacy at Mobility Market Intelligence (MMI), which offers data intelligence and market...
Rate Names Shant Banosian President of Rate Mortgage
Shant Banosian has been named president of Rate Mortgage.
Banosian will partner with Victor Ciardelli, CEO and president of Rate Companies, to help take Rate...
Fannie Mae Selling Pool of 3,141 Reperforming Loans With UPB of About $559.8 Million
Fannie Mae is auctioning a pool of approximately 3,141 reperforming mortgage loans as part of its ongoing effort to reduce the size of its...
Mortgage Applications Surged 20 Percent Last Week as Rates Fell
Mortgage application volume surged 20.4% during the week ended February 28, as the average rate for a 30-year fixed-rate mortgage dropped to 6.73%, down...
Cloudvirga Announces Enhanced Integration Between Horizon Retail POS and Encompass Partner Connect
Cloudvirga reports that it has completed an enhanced integration for its Horizon Retail POS product and Encompass Partner Connect, the latest API framework for...
Xactus Teams With FICO to Bring New FICO Score Mortgage Simulator to Market
Xactus, a provider of verification solutions to the mortgage industry, is partnering with FICO to bring the new FICO Score Mortgage Simulator to market.
“We...