Click n’ Close Adds New DPA Option to its Shared Appreciation Mortgage Program
Click n’ Close has introduced a new down payment assistance option for its Shared Appreciation Mortgage (SAM) program, which offers a below-market interest rate...
U.S. Mortgage Corp. Using LenderLogix LiteSpeed to Deliver Digital-First Borrower Experience
U.S. Mortgage Corp. is now using LenderLogix LiteSpeed point-of sale system, which is designed to work with the Encompass loan origination system.
The lender decided...
Existing-Home Sales Fell Again in September
Existing-home sales decreased 1.0% in September compared with August to a seasonally adjusted annual rate of 3.84 million, according to the National Association of...
Mortgage Applications Continue to Recede as Average Rate for 30-Year Hovers Around 6.5 Percent
Mortgage application volume fell for a fourth straight week, dropping 6.7% compared with the previous week, according to the Mortgage Bankers Association’s (MBA) Weekly Applications...
FinLocker Partnering With FirstHome IQ to Help Young Consumers Improve Their Financial Health
FinLocker is partnering with FirstHome IQ to provide young consumers with the tools to improve their financial health
The partnership is aimed at increasing financial...
Joseph D’Urso: Now is a Great Time to Start a Title Business
With the Fed’s recent rate cut and more cuts forecast, now may be a great time to start a title business. In this MortgageOrb...
Informative Research’s Mortgage Verification Platform Now on Dark Matter’s Exchange
Informative Research’s data-driven credit and verification solutions are now available via the Dark Matter Technologies Exchange service network.
This will enable more mortgage lenders to...
Mortgage Bankers Association Taps Astrid Vermeer as SVP, CFO
Astrid Vermeer has joined the Mortgage Bankers Association (MBA) as senior vice president, chief financial officer.
Vermeer has more than 20 years of financial leadership...
Number of Down Payment Assistance Programs Grew Again in Q3
The number of national homebuyer assistance programs increased by 29 in the third quarter, rising to a total of 2,444, according to Down Payment...
LoanCare Launches Digital Recapture, Giving Lenders Additional Retention Touchpoints
Mortgage subservicer LoanCare has launched Digital Recapture, a new suite of tools that connects homeowners with lending products that help inform them about potential...
LenderLogix: Home Buyers Still Stuck in a ‘Holding Pattern’
Borrowers generated significantly fewer pre-approval letters in the third quarter compared with the second quarter, according to the latest LenderLogix Homebuyer Intelligence Report.
Borrowers generated...
Average Return on a Home Sale Decreased in the Third Quarter
The average return on a U.S. home sale decreased in the third quarter, according to ATTOM’s 2024 U.S. Home Sales Report.
The report shows that...
Housing Starts Dipped Overall in September But Rate Cut Boosted Single-Family Production
Despite a Fed rate cut leading to significant drop in mortgage rates, housing starts dipped 0.5% in September compared with August, falling to a...
Flagstar Bank Announces Workforce Reduction as Merger with New York Community Bancorp Continues
Mortgage lender Flagstar Bank has been undergoing significant restructuring since its acquisition by New York Community Bancorp in 2022.
Recently, the bank announced a workforce...
Home Builder Sentiment Improved in October
Home builder sentiment increased in October, rising to a score of 43 on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index...
Applications for New Home Purchases Jumped 6 Percent in September
Applications for mortgages for new home purchases increased 6% in September compared with August and were up 10.8% compared with September 2023, according to...
Mortgage Rates Continue to Rise with 30-Year Averaging 6.44 Percent
Mortgage rates continued to rise this week, with the average rate for a 30-year fixed-rate mortgage at 6.44%, up from 6.32% last week, according...
AccountChek Now Supports New Enhancements to DU
Informative Research, which offers data-driven credit and verification solutions to the lending community, says its AccountChek solution now supports new enhancements to Fannie Mae's...
Mortgage Applications Plummeted Last Week as Rates Spiked
Mortgage application volume tanked 17% last week as rates increased sharply, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
Applications for refinances plummeted...
U.S. Home Price Growth Decelerated in the Third Quarter
U.S. home prices increased 5.9% in the third quarter compared with the second quarter and were up 5.9% compared with the third quarter of...