First American: Housing Affordability Challenges Likely to Continue Through 2024
The labor market will likely weaken, leading to slower wage growth in 2024 and exacerbating the housing market’s affordability problem, according to a recent...
Encompass Lending Group Using LenderLogix to Deliver Digital-First Borrower Experience
Encompass Lending Group, a wholly owned subsidiary of Fathom Holdings Inc., has selected the LenderLogix LiteSpeed point-of-sale (POS) platform and QuickQual, a loan origination...
FHFA Sets New Loan Limits For 2024
Come January 1, the Federal Housing Finance Agency (FHFA) will increase the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and...
Mortgage Bankers Association Names Rachel Kelley VP of Legislative Affairs
Rachel Kelley has been named vice president of legislative affairs for the Mortgage Bankers Association (MBA).
Kelley joined MBA in 2021 as associate vice president...
Case-Shiller: Lack of Inventory Continued to Push Home Prices Higher in September
U.S. home prices continued to increase in September - albeit at a slower pace - rising 0.7% compared with August and up 3.9% compared...
The ‘Five to Thrive’ Strategy for Success in a Challenging Mortgage Market
BLOG VIEW: The housing market currently faces unprecedented challenges and a constant sense of uncertainty. Originations are at or near the lowest point in...
Floify Taps Courtney Dodd as Head of Marketing
Courtney Dodd has joined Floify, which offers a point-of-sale solution for the mortgage industry, as head of marketing.
With 12 years of experience in the...
New Home Sales Decreased 5.6 Percent in October
After surging more than 12% month over month in September, sales of new single‐family homes dropped 5.6% in October to a seasonally adjusted annual...
Study Shows Which States Have the Most Affordable Mortgage Payments
A new study reveals the states where homeowners spend the smallest portion of their income on home payments throughout the U.S.
The research by SelfStorage.com...
Mortgage Applications Increased 3 Percent Last Week as Rates Continued to Fall
In response to falling mortgage rates, mortgage application volume jumped 3.0% during the week ended November 17, according to the Mortgage Bankers Association’s (MBA)...
ATTOM Announces New Board Chairman and Two Key Promotions
Ana Flor has been promoted to chief people officer while Kara Taylor has been promoted to chief marketing officer at ATTOM, a curator of...
Home Prices Continue to Rise, With Some Luxury Markets Seeing Strong Increases
U.S. home prices increased 0.4% in October compared with November and were up 7% compared with October 2022, according to First American’s most recent...
Zillow: More Young Homebuyers Open to Renting a Portion of Their Home
More than half of young home buyers would consider renting out all or a portion of their home to produce additional income, a new...
New Motto Mortgage Professionals Brokerage Opens in Supply, N.C.
Motto Mortgage has announced the opening of a new Motto Mortgage Professionals location in Holden Beach in Supply, N.C.
James Barmore will serve as senior...
Federal Home Loan Bank of New York Elects Larry E. Thompson as Chairman
Larry E. Thompson has been elected chairman of the Federal Home Loan Bank of New York for a two-year term that will commence on...
CUSO Home Lending’s Owner Credit Unions Using Dark Matter Empower LOS
CUSO Home Lending is making Dark Matter’s Empower LOS available to its credit union owners.
Headquartered in Hampden, Maine, CUSO Home Lending is a credit...
Mortgage Rates Drop as Inflationary Pressures Recede
Mortgage rates trended down for a third straight week, with the average rate for a 30-year, fixed-rate falling to 7.44%, down from last week...
MBA: Applications for New Home Sales Surged 6 Percent in October
Applications for mortgages for new home purchases surged in October, due mainly to a slight drop in mortgage interest rates that came at the...
Steve Wiese: Lenders Must Focus on Mitigating Bias in the Appraisal Process
PERSON OF THE WEEK: For years it has been widely acknowledged in the appraisal industry that fostering greater diversity in all facets of the...
Home Sales Will Drop 18 Percent This Year, NAR Forecasts
U.S. home sales will decrease 18% this year, due mainly to higher mortgage rates, limited inventory and high home prices, the National Association of...