The Benefits of Employment History Insights Amidst Volatile Labor Markets
Shifting borrower employment trends could mean incremental work for mortgage lenders when they are looking to find efficiencies.
This year, mortgage lenders have contended with...
Homepoint Leaving Wholesale Mortgage, Selling to The Loan Store
Wholesale lender Homepoint is selling certain assets of the company’s wholesale originations channel to The Loan Store Inc., a national wholesale lender headquartered in...
Mortgage Rates Edge Down For Fourth Straight Week
The average rate for a 30-year fixed-rate mortgage fell to 6.28% during the week ended April 6, down from 6.32% the previous week, according...
MBA: Mortgage Applications Fell 4.1 Percent Despite Lower Rates
After increasing for the previous four weeks, mortgage applications fell 4.1% during the week ended March 31, according to the Mortgage Bankers Association’s (MBA)...
U.S. Home Prices Increased 0.8 Percent in February; Western States Saw Significant Declines
U.S. home prices increased 0.8% in February compared with January and were up 4.4% compared with February 2022, according to CoreLogic’s home price index...
Ashley Wood: Alternative Credit Data Could Help More Seniors Gain Access to Mortgages
BLOG VIEW: The mortgage industry has made progress in recent years to expand access to credit for more U.S. consumers as advancements in technology,...
Black Knight: U.S. Home Prices Increased in February, Driven by Dip in Mortgage Rates
U.S. home prices increased in February as mortgage rates dipped and home buyers seized what little inventory was available.
According to Black Knight’s Mortgage Monitor...
SoFi Technologies Acquires Wyndham Capital Mortgage
SoFi Technologies Inc., a provider of digital financial services, has acquired Wyndham Capital Mortgage, a fintech mortgage lender.
The acquisition – which includes the integration...
MMI Announces SMB Channel Led by Heath Liles
Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and real estate industries, has expanded access to its platform...
Mortgage Rates Dip on Economic Uncertainty
Mortgage rates edged down slightly this week, with the average rate for a 30-year fixed-rate mortgage at 6.32%, down from 6.42% the previous week...
Michele Bodda: Technology Key to Ensuring Consumers Have Fair Access to Credit
PERSON OF THE WEEK: The mortgage industry is undergoing a technological revolution - and as part of that, mortgage lenders, the GSEs, and the...
Pending Home Sales Increased in February But Took a Dip in the West
Pending home sales increased 0.8% in February compared with January but were down 21.1% compared with February 2022, according to the National Association of...
Mortgage Advisory Partners Taps Maria Elena Jaimes as Managing Director
Maria Elena Jaimes has joined mortgage consultancy Mortgage Advisory Partners (MAP) as managing director of training and development.
Jaimes has more than 30 years of...
AI’s Superpower: Freeing the Human User
BLOG VIEW: Artificial intelligence, or at least the idea of it, has been around for a very long time. Some reports put the first...
ACES: Mortgage Loan Defect Rate Jumped 20.5 Percent During Q2 2022
The rate of critical defects in mortgage loans post-closing increased 20.5% during the second quarter of 2022, rising to a rate of 2.47% of...
Enact Integrates with Blend to Enhance the Mortgage Application Process
Enact Holdings Inc., a provider of private mortgage insurance through its insurance subsidiaries, says it has integrated with Blend, a provider of digital banking...
BSI Financial Services Names New President, COO
BSI Financial Services says Harold Lewis has been hired as president and chief operating officer (COO). In this newly created position, Lewis will be...
How Mortgage Brokers Can Leverage Digital to Effectively Engage Borrowers
BLOG VIEW: The mortgage market is predicted to experience turbulence in 2023 due to extended periods of high interest rates, stricter qualification criteria and...
Existing-Home Sales Surged 14.5 Percent in February as Rates Dipped
Spurred by a drop in mortgage rates, existing-home sales surged 14.5% in February compared with January, reversing 12 months of month-over-month declines, according to...
Jeremy McCarty: How Valuation Technology Can Help Lenders Capitalize on HELOC Opportunities
PERSON OF THE WEEK: The rapid pace of home price appreciation over the last decade has left most homeowners sitting in an advantageous position...