CBC Mortgage Agency Introduces Temporary Rate Buydowns for DPA Program
CBC Mortgage Agency (CBCMA), a Native American wholly owned and federally chartered housing finance agency, is introducing a buydown feature for its down payment...
Guild Mortgage Taps Adam O’Daniel as SVP and CMO
Adam O’Daniel has joined mortgage lender and servicer Guild Mortgage as senior vice president and chief marketing officer.
O’Daniel has a background in marketing and...
CoreLogic: Northeast Gains Drove Home Price Appreciation in October
U.S. home prices continued to rise in October - driven mostly by gains in the Northeast - but the rate of appreciation slowed significantly.
According...
Waterstone Mortgage Promotes David Sparks to Director, Affordable Housing and Loan Servicing
David Sparks has been promoted to director, affordable housing and loan servicing, at Waterstone Mortgage.
Sparks has more than 25 years of experience in the...
ICE: Homeowners Reluctant to Tap Their Tappable Equity
U.S. homeowners continued to amass home equity during the third quarter - as home prices continued to rise - but they were reluctant to...
Freddie Mac Introduces New Documents That Help Lenders Increase Clarity on DPA Programs
Freddie Mac has introduced new standardized mortgage documents that increase clarity, consistency and accessibility of down payment assistance (DPA) programs nationwide.
The documents can be...
New American Funding to Support Fully Digital Closings With Snapdocs
New American Funding (NAF) has selected Snapdocs as its e-closing platform to accelerate digital closing adoption and deliver a streamlined experience to borrowers and...
Floify Launches New Lending Platform for Mortgage Brokers
Floify, which offers a point-of-sale (POS) system designed for the mortgage lending industry, has launched Floify Broker Edition, a one-stop lending platform for mortgage...
Five Best Practices to Guide the Migration to Digital Lending
BLOG VIEW: Digital lending is looming large over the industry, and lenders are at various stages of incorporating digital processes with many not knowing...
Cornerstone Home Lending Hires Neil Merritt as SVP
Neil Merritt has joined Cornerstone Home Lending as senior vice president of product strategy and development.
Merritt has built a distinguished 21-year career in the...
First Community Mortgage Selects Jeff Pancer as EVP, Capital Markets
Jeff Pancer has been tapped to fill the new position of executive vice president, capital markets, at First Community Mortgage (FCM).
With a distinguished career...
MISMO Publishes New E-Vault Standards and SMART Doc Validation Rules Documents
MISMO, the real estate finance industry's standards organization, has published new e-vault standards and SMART Doc validation rules documents, which were created to help...
Homebuyer Affordability Continued to Erode in October
The national median mortgage payment was $2,199 in October, an increase of $44, or 1.2%, from September and up $143, or 9.3%, from October...
Mortgage Rates Decrease for a Fifth Straight Week
The average rate for a 30-year fixed-rate mortgage fell to 7.22% this week, down from 7.29% the previous week but up from 6.49% a...
Pending Home Sales Fell in October as Mortgage Rates Nearly Hit 8 Percent
Pending home sales decreased 1.5% in October compared with September and were down 8.5% compared with October 2022, according to the National Association of...
Conference of State Bank Supervisors Appoints Brandon Milhorn President and CEO
Brandon Milhorn is the next president and CEO of the the Conference of State Bank Supervisors’ board of directors.
The Conference of State Bank Supervisors...
FHA Raises Loan Limits for 2024, Reflecting the Rise in Home Prices
The Federal Housing Administration (FHA) has set its loan limits for 2024.
Starting January 1, the FHA floor will increase from $472,030 to $498,257 for...
The Mortgage Collaborative Adds Four New Board Members for 2024
The Mortgage Collaborative (TMC), an independent cooperative network serving the mortgage industry, has added four mortgage professionals to its 2024 management board of directors.
The...
Publix Employees Federal Credit Union Now Using Dark Matter Technologies
Lakeland, Fla.-based Publix Employees Federal Credit Union (PEFCU) is now using Dark Matter Technologies’ mortgage lending software to streamline its lending operations and maximize...
MBA: Mortgage Applications Inched Up Slightly Last Week
Mortgage application volume inched up 0.3% during the week ended November 24, as the average rate for a 30-year, fixed-rate mortgage decreased to 7.37%,...