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...
Mortgage Applications Fell on Higher Rates During Week Ended July 21
Mortgage application volume decreased 1.8% during the week ended July 21, as the average rate for a 30-year fixed-rate mortgage remained unchanged at 6.87%,...
Rod Griffin: Education is the Key to Boosting Homeownership
PERSON OF THE WEEK: Today’s first-time homebuyers face a lot of obstacles - in particular, higher mortgage rates, rising home prices, lack of inventory,...
New Home Sales Fell in June as Mortgage Rates Went Back on the Rise
New home sales in June were at a seasonally adjusted annual rate of 697,000, down 2.5% compared with May but up 23.8% compared with...
Case-Shiller: Home Prices Continued to Rise in May But Regional Differences ‘Striking’
U.S. home prices continued to increase in May, rising for a third straight month as inventory remained tight, according to the S&P CoreLogic Case-Shiller...
Three Reasons Why Mortgage Lenders Should Embrace AI for Document Processing
BLOG VIEW: The mortgage lending industry has come a long way from the days of simple automation to create document sets for borrower closings....
Applications for New Home Purchases Fell in June But Remain Up Year-Over-Year
Applications for mortgages for new home purchases fell 5% in June compared with May but were up 26.1% compared with June 2022, according to...
Mortgage Rates Fall on Slowing Inflation
Mortgage rates fell significantly this week, with the average rate for a 30-year fixed-rate mortgage dropping to 6.78%, down from 6.96% last week, according...
NAR: Existing-Home Sales Fell 3.3 Percent in June
Existing-home sales were at a seasonally adjusted annual rate of 4.16 million in June, down 3.3% compared with May and down 18.9% compared with...
Mortgage Applications Up 1.1 Percent as Inventory Issue Stagnates the Market
Mortgage application volume increased 1.1% during the week ended July 14, with the average rate for a 30-year fixed-rate mortgage with conforming loan balance...
Housing Starts Decreased in June Despite Rising Home Builder Sentiment
Housing starts slumped in June, as builders struggled to meet rising demand for new homes in a market where existing-home sales have almost completely...
ESR Group: Economic Activity, Home Price Growth Slowing by Year’s End
According to the July 2023 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group, although recent data on inflation has provided reason...
Maxwell Hires Paul Wetzel to Lead Digital Mortgage Product Expansion
Product development veteran Paul Wetzel has joined Maxwell, a mortgage fintech solutions platform designed for mortgage lenders serving their communities, as senior vice president...
Toby Wells: Seamless MSR Transfers Are Not Pie in the Sky
PERSON OF THE WEEK: Smooth and efficient MSR transfers are crucial to keeping borrowers happy and achieving operational excellence. Unfortunately, smooth MSR transfers are...
Average Rate for a 30-Year Mortgage Rises to Just Shy of 7 Percent
Mortgage rates increased for a third straight week, with the average rate for a 30-year fixed-rate mortgage rising to 6.96%, up from 6.81% last...
Guild Mortgage Given Kudos for Rural Development Lending
The U.S. Department of Agriculture (USDA) has named Guild Mortgage a 2023 Top Guaranteed Rural Housing Lender in the Loan Origination category. San Diego-based...
Driving Digital Innovation and Tech-Enabled Transformation
BLOG VIEW: The mortgage industry is at a tipping point in terms of technology adoption. Most lenders acknowledge the importance of adopting new technologies,...
BlackFin Group Adds Industry Veteran Christopher Call as Principal Consultant
Christopher Call has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as principal consultant to run the firm’s professional...
Wolters Kluwer Promotes Vikram Savkar to EVP and GM of Compliance Solutions Business
Vikram Savkar has been promoted to executive vice president and general manager of Wolters Kluwer Compliance Solutions, a provider of risk management and regulatory...
First American Hires Jody Mulkey as Chief Technology Officer
Jody Mulkey has joined First American Financial Corp., a provider of title, settlement and risk solutions, as chief technology officer.
Mulkey previously served as chief...