Homebuyer Assistance Programs Flourishing in This Difficult Housing Market
Down Payment Resource (DPR), offering homebuyer assistance program data and solutions, reports that homebuyer assistance program administrators are responding to the mounting home affordability...
Dovenmuehle Mortgage Adds New Features to Improve Transparency and Communication
Mortgage subservicing company Dovenmuehle Mortgage has released two new features that provide transparency and improve communication through the company's borrower-facing web and mobile applications.
With...
Mortgage Applications Up Slightly After 30-Year Drops 25 Basis Points
Mortgage application volume increased 2.5% during the week ended November 3, as the average rate for a 30-year fixed-rate mortgage dropped to 7.61%, down...
Three Quarters of U.S. Consumers Think the Economy is on the ‘Wrong Track’
More than three quarters of consumers surveyed in Fannie Mae’s October Home Purchase Sentiment Index think the U.S. economy is on the “wrong track,”...
Westcor Land Title Insurance Co. Adds Ward Graham as Underwriting Counsel
Ward Graham has joined Westcor Land Title Insurance Company as underwriting counsel in the New England region.
“I am thrilled to have Ward Graham, one of...
U.S. Homeowner Equity Hit $16.4 Trillion in Q3
U.S. homeowners collectively had $16.4 trillion in home equity as of the third quarter - $10.6 trillion of which is available to borrow against...
ICE: U.S. Housing Market is the Least Affordable Since 1984
For the past three decades, the principal and interest (P&I) payment needed to purchase a median-priced home averaged at around 25% of the median...
The Closing Exchange Now Integrated With Simplifile eSign Events from ICE Mortgage Technology
The Closing Exchange (TCX), which offers closing technology, AI document processing, mobile closing, and remote online notarization services, has announced a new integration with...
CondoTek and MGIC Launch New Condominium Compliance Solution
CondoTek and Mortgage Guaranty Insurance Corporation (MGIC) have launched a new All-In-One Condominium Compliance solution available through CondoTek.
CondoTek’s Condo Project Warrant (CPW) will now...
MCT: Mortgage Rate Lock Volume Dropped Again in October With No Recovery in Sight
Mortgage rate lock volume dropped 17.76% in October compared with September according to hedge advisory and secondary marketing software firm Mortgage Capital Trading (MCT).
Loan...
BLS: Job Growth Slowed in October
Job growth slowed in October as the unemployment rate increased slightly to 3.9%, according to the U.S. Bureau of Labor Statistics.
The economy generated 150,000...
CoreLogic Adds More Options to its AutomatIQ Borrower Verification Solution
CoreLogic has updated its AutomatIQ Borrower VOE/I borrower verification solution with new capabilities.
The solution now offers a combination of four different verification options, enabling...
Luminate Home Loans Using Cloudvirga’s Wholesale Platform
Luminate Home Loans is using the Cloudvirga Horizon Wholesale Platform to optimize efficiency within its wholesale mortgage division.
By implementing the Horizon Wholesale platform, Luminate’s...
Mortgage Rates Flattened This Week
Mortgage rates were basically flat this week, as the average rate for a 30-year fixed-rate mortgage dropped slightly to 7.76%, down 7.79% last week,...
NAHB: Despite Higher Mortgage Rates, Many Americans Still Desire Homeownership
Despite mortgage rates topping 7%, Americans persist in their desire to buy a home, a report from the National Association of Home Builders (NAHB)...
FOMC Opts to Keep Fed Funds Rate Flat For Now
Citing strong economic activity and a low unemployment rate in the third quarter, the Federal Open Market Committee (FOMC) voted Wednesday to maintain the...
Mortgage Applications Continued to Fall, Despite Dip in Rates
Mortgage application volume fell 2.1% during the week ended October 27 as the average rate for a 30-year fixed-rate mortgage dropped to 7.86%, down...
Homebuyer Readiness Program Launched by Convergence Columbus
Convergence Columbus - a cross-sector partnership and multi-year initiative focused on increasing minority homeownership in Columbus, Ohio - has launched the Bloom614 Homebuyer Readiness...
FHFA: Home Prices Increased 0.6 Percent in August
Home prices for mortgages sold through Fannie Mae and Freddie Mac increased 0.6% in August compared with July and were up 5.6% compared with...
Case-Shiller: Home Prices Continued to Surge in August, in Defiance of Rising Rates
Despite rising mortgage rates, U.S. home prices continued to surge in August, increasing 0.9% compared with July and up 2.6% compared with August 2022,...