Shore United Bank Using Dark Matter’s LOS and AI Virtual Assistants
Shore United Bank, a full-service community bank serving customers in Maryland, Delaware and Virginia, is now using the Empower LOS and select AIVA AI...
Rate Hires Connie Lindsay as SVP of Mortgage Lending
Connie Lindsay has joined national mortgage lender Rate as senior vice president of mortgage lending.
Lindsay has a distinguished career in mortgage banking, most recently...
Home Price Appreciation Continued to Slow in October
U.S. home prices increased 0.2% in October compared with September and were up just 3.4% compared with October 2023, according to CoreLogic’s home price...
Purchase Applications Jumped 6 Percent Last Week as Rates Continued to Fall
Mortgage application volume increased 2.8% on an adjusted basis during the week ended November 29, as the average contract rate for 30-year fixed-rate mortgage...
FHFA Sets Conforming Loan Limits for 2025
The conforming loan-limit values for residential mortgages acquired by Fannie Mae and Freddie Mac in 2025 have been set at $806,500 for one-unit properties...
NAR: Pending Home Sales Increased for a Third Month in October
Pending home sales increased for a third straight month in October, rising 2% compared with September and 5.4% year-over-year, according to the National Association...
Freddie Mac: Mortgage Rates Dropped Slightly This Week
Mortgage rates decreased slightly this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.81%, down from 6.84% last week, according...
Purchase Applications Jumped 6.3 Percent Last Week as Rates Dipped
Mortgage application volume increased 6.3% during the week ended November 22, driven mainly by a surge in purchase applications, according to the Mortgage Bankers...
MBA: Homebuyer Affordability Continued to Decrease in October
Homebuyer affordability declined in October, as the national median mortgage payment applied for by purchase applicants increased to $2,127, up from $2,041 in September,...
Case-Shiller: Home Price Growth Continued to Slow in September
U.S. home prices continued to decelerate in September, falling to an annual gain of 3.9%, down from an annual gain of 4.3% in August,...
New Home Sales Plummeted in October
New home sales in October were at a seasonally adjusted annual rate of 610,000, a decrease of 17.3% compared with September and down 9.4%...
Fannie Mae, Freddie Mac Publish Three-Year Plans to Improve Housing Opportunities
Fannie Mae and Freddie Mac have published their three-year plans for improving housing opportunities in underserved markets and communities, the Federal Housing Finance Agency...
Kind Lending Hires Jenn Stears as Branch Manager
Jenn Stears has joined Kind Lending as the branch manager of its latest branch located in Daytona Beach, Fla.
Stears has been a prominent figure...
Housing Market Activity Will Pick Up in 2025, But it Will Be a Bumpy...
Zillow is predicting a more active housing market in 2025, but those hoping to buy — or even refinance — should buckle up for...
University Bank Using Ardley Technologies as Part of Portfolio Retention Strategy
University Bank, which lends nationwide through conventional, faith-based, first mortgage, HELOC and reverse channels, has selected Ardley Technologies to drive its portfolio retention strategy.
Specifically,...
Trump Appoints Former Texas State Rep. Scott Turner as HUD Secretary
Former Texas state Rep. Scott Turner has been appointed by the incoming Trump administration to serve as secretary of the U.S. Department of Housing...
Mortgage Originations Increased 1.9 Percent in Q3
Mortgage origination volume increased 1.9% during the third quarter, according to ATTOM’s U.S. Residential Property Mortgage Origination Report.
About 1.67 million residential mortgages were issued...
Existing-Home Sales See First Year-Over-Year Increase in More Than Three Years
After falling for three straight months, existing-home sales turned the corner and increased 3.4% in October compared with September, reaching a seasonally adjusted annual...
Rate Hires Jesse Q. Allen and Greg Pahel to Head Reverse Lending
Jesse Q. Allen has joined national mortgage lender Rate as president of its reverse mortgage division while Greg Pahel has joined the lender as...
Mortgage Rates Continue to Rise as Average Rate for a 30-Year Approaches 7 Percent
Mortgage rates continued to rise this week, with the average rate for a 30-year, fixed-rate mortgage increasing to 6.84%, up from 6.78% last week,...