New Home Sales Jumped 4.4 Percent in July
New home sales in July increased 4.4% compared with June and were up 31.5% compared with July 2022, according to estimates from the U.S....
Existing-Home Sales Fell For a Second Straight Month in July
Existing-home sales dropped for a third straight month in July, falling 2.2% compared with June and 16.6% compared with July 2022 to a seasonally...
MMI Promotes Heidi Iverson to VP of Strategic Partnerships
Heidi Iverson has been promoted to vice president of strategic partnerships at Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools...
Freedom Mortgage, Realty Connect Penalized for Illegal Activity
The Consumer Financial Protection Bureau (CFPB) has taken action against Freedom Mortgage Corp. for providing illegal incentives to real estate brokers and agents in...
MMI Releases New LO Quick Profile Search Tool
Mobility Market Intelligence (MMI) has released a new LO Quick Profile search tool which provides a summary view of LO production and top referral...
Propel, NotaryCam Integration Eases Mortgage eClosings
Asurity Technologies LLC, a designer and developer of consumer lending compliance software, has integrated Propel, its mortgage document generation platform, with NotaryCam, a company...
Average Rate for 30-Year Mortgage Hits Highest Level in 21 Years
The average rate for a 30-year fixed-rate mortgage hit 7.09% this week, up from 6.96% last week and up from 5.13% a year ago,...
Verus Mortgage Capital Introduces Closed End Second Lien Mortgage Program
To help mortgage lenders capitalize on the growing home equity market, Verus Mortgage Capital (VMC), a correspondent investor specializing in residential non-QM and investor...
Xactus Launches New Version of its Verification Platform, Xactus360
Xactus, a provider of borrower verification solutions for the mortgage industry, has released the next generation of its proprietary technology platform, Xactus360.
The new version...
Attempts at Mortgage Payoff Fraud Increase in First Half of 2023
PayoffProtect, a mortgage-payoff verification product of wire fraud protection company CertifID, tracked a five-time increase in mortgage payoff fraud attempts from the first quarter...
Mortgage Credit in July Dipped to the Lowest Level in a Decade
Mortgage credit availability decreased in July, falling 0.3% to a score of 96.3 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI),...
Flagstar Announces Graduates of its Fourth MortgageTech Accelerator Program
Flagstar Bank has announced the four fintech graduates of its MortgageTech Accelerator program—which the company claims is the first and only accelerator in the...
Restb.ai Launches New Valuation Product Suite
Appraisal solutions firm Restb.ai has unveiled its new Valuation Product Suite, designed to expedite the modernization of property appraisals.
With the introduction of the new...
Optimism About Finances, Pessimism About Homebuying
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased slightly in July, as consumers' increased confidence regarding their personal financial situations was largely offset...
Average Homebuyer Paying Nearly 20 Percent More Monthly
A new report from Redfin shows the typical U.S. homebuyer’s monthly mortgage payment was $2,605 during the four weeks ending July 30, up 19%...
Labor Market Cooled in July as Wages Continued to Rise
About 187,000 jobs were added to the U.S. economy in July, below expectations, while the unemployment rate was basically flat at 3.5%, according to...
MMI Acquires Mortgage CRM Platform Provider Bonzo
Mobility Market Intelligence (MMI), which offers data intelligence and market insight tools for the mortgage and real estate industries, has acquired customer relationship management...
Hassan Rashid: When Adopting AI, Mortgage Lenders Must Consider Both the Benefits and the...
PERSON OF THE WEEK: Artificial intelligence (AI) is poised to further revolutionize the mortgage lending process, which has already been undergoing a transformation with...
Pending Home Sales Increased For First Time Since February – But it Means Little
Pending home sales inched up 0.3% in June compared with May but were down 15.6% compared with June 2022, according to the National Association...
Mortgage Servicers Must Navigate Many ‘Danger Zones’ in This Current Regulatory Environment
BLOG VIEW: Mortgage servicers are under ever increasing regulatory scrutiny. Regulatory bodies, including the Consumer Financial Protection Bureau (CFPB), are now more focused on...