Simplist Technologies Launches Mortgage Origination Platform That Combines POS and LOS
Simplist Technologies has launched Sonar, a mortgage lending solution that combines point-of-sale (POS) and loan origination system (LOS) into a single, AI-enhanced, streamlined platform.
The team...
FHFA Seeks Comment on Revised Amendments to Suspended Counterparty Program
The Federal Housing Finance Agency (FHFA) has revised its proposal to amend the Suspended Counterparty Program (SCP), which requires a regulated entity to report...
Freddie Mac: 30-Year Fell to Two-Year Low This Week
Mortgage rates decreased to the lowest levels in two years this week, as the average rate for a 30-year, fixed-rate mortgage fell to 6.08%,...
Pending Homes Sales Barely Increased in August
Pending home sales inched up 0.6% in August compared with July but were down 3% compared with August 2023, according to the National Association...
iEmergent Downwardly Revises its Forecast After Weak Purchase Volume in 2024
Forecasting and advisory services firm iEmergent has downwardly revised its 2024-2026 U.S. Mortgage Origination Forecast and now expects lower-than-anticipated growth for the next two...
Applications for Refinances Surged 20 Percent Last Week as Mortgage Rates Continued to Fall
Mortgage application volume surged 11% during the week ended September 20, driven by a decrease in mortgage rates, according to the Mortgage Bankers Association’s...
How AI Can Help Solve the Mortgage Industry’s Cyclical ‘Problem’
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. 18 announced its decision to cut the Fed Funds rate by half a percentage...
New Home Sales Fell in August as Buyers Wait on the Sidelines
After increasing more than 10% in July, new home sales went back on the decline in August, falling 4.7% to an annual adjusted rate...
Home Prices Hit New High in July but Rate of Appreciation Slowed
U.S. home prices increased 0.2% on an adjusted basis in July compared with June and were up 5% compared with July 2023, according to...
Median Monthly Housing Payment Falls as Mortgage Rates Dip
The median U.S. housing payment fell to $2,534 during the four weeks ended September 15, down 2.7% from a year earlier, according to Redfin.
The...
LoanDepot Hires Bryan Bergjans as National Director of Military Growth and Strategy
U.S. Navy veteran and VA lending expert Bryan Bergjans has joined loanDepot as national director of military growth and strategy.
Bergjans, a highly respected national...
Dark Matter Adds Second LOS Tailored for Smaller Lenders
Dark Matter Technologies has added a new loan origination system to its lineup: The NOVA LOS.
The NOVA LOS provides a reliable, cost-effective solution with...
Xactus Selected for Launch of ACUMA Services
Xactus, a provider of verification solutions to the mortgage industry, reports that it has been named the exclusive credit reporting, verification and flood provider...
Home Price Appreciation Slowed for an Eighth Consecutive Month in August
U.S. home prices increased a mere 0.1% in August compared with July and were up 4.5% compared with August 2023, according to First American’s...
Freddie Mac: Mortgage Rates Drop for a Fourth Week
Mortgage rates continued to fall this week, with the average rate for a 30-year fixed-rate mortgage (FRM) dropping to 6.09%, down from 6.2% last...
Existing-Home Sales Fell Again in August, Despite Declining Mortgage Rates
Despite a decrease in mortgage rates, existing-home sales fell 2.5% in August compared with July to a seasonally adjusted annual rate of 3.86 million,...
Home Flipping Volume Decreased in Q2 But Profit Margins Continued to Increase
About 79,000 homes were flipped during the second quarter, representing about 7.5% of all home sales, according to ATTOM’s U.S. Home Flipping Report.
That’s down...
OceanFirst Bank to Settle DOJ Allegations it Engaged in Redlining Practices
OceanFirst Bank will pay $15 million to settle allegations brought by HUD and the DOJ that it engaged in redlining practices by restricting access...
Existing-Home Sales Will Not See Meaningful Growth for the Remainder of 2024
Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick...
Fed Cuts Rates for First Time Since the Start of the Pandemic
Citing that inflation has made further progress toward its 2% goal, the Federal Open Market Committee (FOMC) today voted to cut the Fed Funds...