TransUnion and Truework Enhance Their Integration
TransUnion has enhanced its partnership with Truework, an income and employment verification provider, to give mortgage lenders more encompassing and reliable access to the...
FirstClose Hires John Aslanian as Chief Revenue Officer
John Aslanian has joined FirstClose, a provider of data and workflow solutions for mortgage and home equity lenders, as chief revenue officer (CRO).
Aslanian has...
Property Insurance Costs Skyrocketed an Average 14 Percent Last Year
Property insurance costs for mortgaged single-family homes increased a record $276 - or 14% - to an average of $2,290 per year in 2024,...
Mortgage Cadence Launches Ready-to-Use, Pre-Configured LOS
Mortgage Cadence, an Accenture company, has launched MCP Essentials, the latest version of its Mortgage Cadence Platform (MCP).
This ready-to-use, pre-configured loan origination system (LOS)...
ATTOM: Mortgage Origination Volume Fell 3 Percent During the Fourth Quarter
About 1.64 million residential mortgages were issued in the U.S. during the fourth quarter - a decrease of 3% compared with the third quarter...
SingleSource Property Solutions Promotes Ashley Abbondanza to Chief Innovation Officer
Ashley Abbondanza has been promoted to chief innovation officer at SingleSource Property Solutions, a provider of residential property services supporting the U.S. housing industry.
Abbondanza...
Embrace Home Loans Hires Donny Panasis to Head Viera, Florida Branch
Mortgage veteran Donny Panasis has joined Embrace Home Loans as branch manager of its Viera, Florida office, where he and his team will originate...
AI-Driven Fraud Poses a Serious Threat to the Mortgage Industry
Artificial intelligence is beginning to play a positive role in the mortgage origination process - from applications to verifications to valuations to closings and...
A&D Mortgage Securitizes Pool of 1,290 Loans
A&D Mortgage, a provider of non-QM and residential mortgage-backed securities (RMBS), is has launched its latest securitization, a $458.93 million transaction backed by a...
Westcor Land Title Insurance Company Promotes Bettina Arthur to VP, Sales Enablement
Bettina Arthur has been promoted to vice president of sales enablement at Westcor Land Title Insurance Company.
Arthur has more than 30 years of diverse...
MBA: Homebuyer Affordability Decreased in January
The average monthly mortgage payment applied for by purchase applicants increased to $2,205 in January, up from $2,127 in December, indicating that home purchases...
Mortgage Rates Fall to Lowest Level in Two Months
Mortgage rates dropped for a sixth week in a row but the average rate for a 30-year still remains just below 7%.
According to Freddie...
Pending Home Sales Dropped for a Second Month in January
Pending home sales fell 4.6% in January compared with December and were down 5.2% compared with January 2024, according to the National Association of...
Report Shows Mortgage Lenders How to Leverage AI
AI adoption is no longer optional for mortgage lenders who wish to stay in business in this challenging market. But many mortgage lenders don’t...
Blend Integrates With Truework to Speed Borrower Approvals
Origination platform Blend Labs has tapped income and employment verification provider Truework to create an integrated solution for lenders that enables faster borrower approvals...
New Home Sales Dropped in January as Builder Pessimism Took Hold
New home sales plummeted 10.5% in January compared with December to reach a seasonally adjusted annual rate of 657,000, according to the U.S. Census...
Mortgage Applications Dropped Despite 30-Year Hitting Lowest Level Since December
Mortgage application volume decreased 1.2% during the week ended February 21, as the average rate for a 30-year fixed-rate mortgage fell to 6.88%, down...
EDGE Home Finance Partners With Calque
Mortgage lender EDGE Home Finance is now offering Calque's “buy-before-you-sell” loan programs, including The Trade-In Mortgage and Contingency Buster.
Calque’s loan programs allow homeowners to leverage...
Case-Shiller: U.S. Home Prices Went Negative in December on an Unadjusted Basis
U.S. home prices increased 0.5% on an adjusted basis in December compared with November and were up 3.9% compared with December 2023, according to...
Redfin: Average Down Payment on a Home Has Increased 7.5 Percent During the Past...
The typical U.S. homebuyer’s down payment was equal to 16.3% of the purchase price in December, up from 15% a year earlier, according to...