Guild Mortgage Names Lamont Watson Vice President of Diverse Talent Development
Lamont Watson is the new vice president of diverse talent development at Guild Mortgage.
Lamont has 19 years of mortgage industry experience. Since 2004, he...
Mortgage Rates Fell For a Second Week as Fed Indicates a Pause
Mortgage rates dipped for a second week, as the average rate for a 30-year fixed-rate mortgage was 6.69%, down from 6.71% last week, according...
FHA Translates Documents to Transcend Language Barriers
The Federal Housing Administration (FHA) has translated and is making available more than 30 single-family mortgage documents and related resources used in the origination...
Mortgage Credit Availability Dropped 3.1 Percent in April as Lenders Trimmed Offerings
Mortgage credit availability decreased 3.1% in May compared with April as lenders pulled back on offerings, according to the Mortgage Bankers Association’s (MBA) Mortgage...
Guild Mortgage Launches Uniquely Structured 1 Percent Down Program
To make homeownership more attainable for low-to-moderate income homebuyers in this challenging housing market, Guild Mortgage has launched a new 1% down, 1% one-year...
Strategies LOs Can Use to Boost Sales in This Difficult Mortgage Market
BLOG VIEW: Having started in the industry as an LO and then an AE, I know full well that trudging through difficult mortgage markets...
Top Challenges Facing Residential Real Estate Appraisers Today
BLOG VIEW: The process of property appraisal is an integral element of the real estate industry. The goal of the appraisal is to determine...
Mortgage Rates Fall After Rising For Three Straight Weeks
After rising for three consecutive weeks, mortgage rates decreased during the week ended June 8, with the average rate for a 30-year fixed-rate mortgage...
Mortgage Application Volume Dips 1.4 Percent as Home Sales Remain Constrained
Mortgage application volume dipped 1.4% during the week ended June 2, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
Applications for refinances dropped 1%...
JT Edelen: Alternative Data Presents a Broader Perspective of a Borrower’s Profile
PERSON OF THE WEEK: As home prices continue to rise, Americans are sitting on growing reserves of untapped home equity that they can use...
Black Knight: Homebuying Means High Rates and Prices, Low Inventory, Tight Credit
According to the latest Mortgage Monitor Report from the Data & Analytics division of Black Knight Inc., the spring homebuying season is defying historical...
U.S. Economy Added 339K Jobs in May But Unemployment Rate Increased to 3.7 Percent
The U.S. economy added 339,000 jobs in May - above expectations - while the unemployment rate increased to 3.7%, according to the U.S. Bureau...
The Mortgage Collaborative Names Melissa Langdale President
Melissa Langdale has been named president of The Mortgage Collaborative (TMC), an independent cooperative network serving the mortgage industry.
Langdale has been a member of...
Planet Home Lending Buys Platinum Home Mortgage Corp. Assets
Planet Home Lending LLC, a national mortgage lender and servicer, has purchased the assets of retail lender Platinum Home Mortgage Corp., based in Hoffman...
Mortgage Rates Increase For Third Straight Week as Application Volume Plummets
Mortgage rates surged this week, with the average rate for a 30-year fixed-rate mortgage rising to 6.79%, up significantly from 6.57% the previous week,...
Case-Shiller: Lack of Inventory Continued to Push U.S. Home Prices Higher in March
U.S. home prices increased 0.4% in March compared with February and were up 0.7% compared with March 2022, according to the S&P CoreLogic Case-Shiller...
Colonial Savings Pulling Out of Mortgage Originations
Colonial Savings says it is stopping its mortgage origination business at the end of July, shifting its focus to full-service banking and mortgage servicing.
The...
Redfin: Housing Payments Reach New High as Rates Rise, Demand Slows
According to Redfin, housing payments hit a new high this week as mortgage rates jumped due to progress on a possible debt-ceiling deal.
Daily average...
Mortgage Rates Continue to Rise, Slowing Application Volume
Mortgage rates continued to rise during the week ended May 25, with the average rate for a 30-year fixed-rate mortgage at 6.57%, up from...
Pending Home Sales Were Flat in April as Limited Inventory Continued to Halt Deals
Pending home sales were flat in April compared with March but were down 20.3% compared with April 2022, according to the National Association of...