Case-Shiller: U.S. Home Prices Increased in February Following Seven Straight Months of Declines
U.S. home prices increased 0.2% in February compared with January and were up only 2.0% compared with February 2022, according to the S&P CoreLogic...
New TRID Collaboration Tool Helps Lenders and Title Companies Balance Disclosures
AREAL.ai recently introduced its Closing Disclosure Balancer Automation Tool, an AI-powered solution that allows lenders and their title agency partners to easily compare and...
Chris Bixby: Mortgage Tech Firms Challenged to Navigate Current Economic Headwinds
PERSON OF THE WEEK: Where is the mortgage technology sector headed in 2023? In a recent interview with MortgageOrb, Chris Bixby, managing director of...
STG Mortgage Using OptifiNow’s CRM Solution for Wholesale Lenders
Wholesale mortgage lender STG Mortgage is using OptifiNow's CRM solution for wholesale lenders, OptifiNow TPO.
Based in Orange County, California, STG Mortgage selected OptifiNow TPO...
Ross Mortgage Opens Second Tennessee Location
Ross Mortgage Corp., a full-service residential mortgage lender, reports that it has opened a new branch in Johnson City, Tennessee.
“The Ross Mortgage family is...
Mortgage Rates Increase For a Second Week
Mortgage rates continued to increase this week, with the average rate for a 30-year fixed rate mortgage rising to 6.43%, up from 6.39% the...
Mortgage Applications Increased Last Week Despite Higher Rates
Mortgage application volume increased 3.7% during the week ended April 21, as the average rate for a 30-year fixed rate mortgage increased to 6.55%,...
LOs Must Establish Strong Customer Relationships Right From the Start
With the hope of a busy spring homebuying season, mortgage lenders are getting ready for new business. While the market still poses a challenge...
DocMagic Creates Library of ADA-Compliant Mortgage Documents
DocMagic Inc., a provider of loan document generation, regulatory compliance and e-mortgage services, has added Americans with Disabilities Act -compliant mortgage loan documents to...
George Morales: Why Reverse Lending is Heating Up
PERSON OF THE WEEK: As mortgage lenders continue to seek out new business opportunities, reverse mortgage lending is emerging as one of the better...
Mortgage Rates Rise After Falling For Four Weeks
Mortgage rates jumped this week, with the average rate for a 30-year, fixed-rate mortgage rising to 6.39%, up from 6.27% last week, according to...
NAR: Existing-Home Sales Fell 2.4 Percent in March
Existing-home sales deceased 2.4% in March compared with February to a seasonally adjusted annual rate of 4.44 million, according to the National Association of...
MBA: Mortgage Applications Took a Dive as Rates Inched Up
Mortgage application volume plummeted 8.8% during the week ended April 14, as rates crept up from the week prior, according to the Mortgage Bankers...
The Era of Super-Affordable Mortgages is Over: What’s Next in 2023?
As the mortgage industry moves into April 2023, a lot of things have already changed. The era of super-affordable mortgages is over, and new strategies...
Adam Stern: Lenders Need Technology That Increases Margins During Low-Volume Periods
PERSON OF THE WEEK: As mortgage technology continues to advance in 2023, it is becoming increasingly important for lenders to adopt solutions that increase...
Freddie Mac: Mortgage Rates Showing Signs of Deceleration
The Freddie Mac Primary Mortgage Market Survey for the week ending April 13 shows that the 30-year fixed-rate mortgage averaged 6.27% - down from...
TD Bank Survey Suggests Opportunities with First-Time Home Buyers Are Apparent
According to the recent First-Time Homebuyer Pulse study from TD Bank, 54% of survey respondents indicate they are now better off financially than they...
Mortgage Credit Availability Increased Slightly in March
Mortgage credit availability increased 0.4% in March compared with February, rising to a score of 100.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
MBA: Purchase Applications Jumped 8 Percent on Lower Rates
Mortgage applications increased 5.3% during the week ended April 7, as the average rate for a 30-year fixed-rate mortgage dropped to 6.30%, down from...
First Federal Bank Expanding Mortgage Operations Via BNC Acquisition
First Federal Bank and BNC National Bank have signed a definitive agreement for First Federal to acquire certain assets and liabilities of BNC National...