Mortgage Credit Tightened in September as Lenders Remained Cautious
Mortgage credit availability decreased in September, falling 0.5% to a score of 98.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI).
A...
More Americans Open to Living in Modular Homes
An increasing number of Americans are open to the idea of living in modular housing, a recent survey conducted for Amherst shows.
The survey, conducted...
First American Revamps AgentNet with New Products and Services
First American Title Insurance Company is expanding its AgentNet platform with new products and services, including AgentNet Marketing, featuring access to a full library...
Westcor Land Title Insurance Company Taps Matt Collins as Underwriting Counsel
Matt Collins has joined Westcor Land Title Insurance Company as underwriting counsel, as part of the Southwest regional team.
Collins’ diverse career includes over 35...
Pending Home Sales Increased Last Month but Storms, Rising Rates Will Reverse the Trend
Pending home sales increased 2% on an annual basis during the four weeks ended October 6, the biggest increase in three years, according to...
FHFA Adds Manufactured Home Price Index to its HPI Report
The Federal Housing Finance Agency (FHFA) has launched a new index measuring price trends for manufactured homes using national datasets.
The new index provides quarterly...
Colorado Lender Financial Dwellings Offering Calque’s Trade-In Mortgage
Financial Dwellings, a mortgage firm serving Colorado, has partnered with Calque to provide “buy-before-you-sell” loan programs including the Trade-In Mortgage and Contingency Buster.
This strategic...
Candor Technology Automates FHA Loan Underwriting, Offers Buyback Warranty
Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans.
In an industry first, Candor's LES not only automates...
Floify Launches Income and Employment Verification Service Powered by Argyle
Mortgage automation software provider Floify has launched Floify Verify, a native verification of income and employment service.
Powered by Argyle, Floify Verify streamlines the mortgage...
Freddie Mac: Average Rate for a 30-Year Jumped 20 Basis Points This Week
Mortgage rates jumped this week, as the average rate for a 30-year fixed-rate mortgage rose to 6.32%, up from 6.12% last week, according to...
Informative Research Integrates With AccountChek
Informative Research, which offers data-driven credit and verification solutions to the lending community, has added AccountChek to the list of integrated verification providers available...
Waterstone Mortgage Promotes Jim Harper to CFO
Jim Harper has been promoted to chief financial officer at national mortgage lender Waterstone Mortgage.
Harper joined Waterstone Mortgage as vice president, accounting and finance...
Mortgage Applications Fell Last Week as Rates Continued to Rise
Mortgage application volume fell 5.1% last week as rates went back on the rise, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.
For...
Which NFL Divisions Have the Highest Priced Housing Markets?
Just for kicks, First American recently conducted an analysis of which National Football League divisions represent the most expensive housing markets.
The firm’s analysis shows...
Average Monthly Housing Payment Has Spiked 20 Percent Since 2020
The average monthly housing payment hit an all-time high in August, due mainly to rising insurance costs, which have been increasing at three times...
Optimal Blue: Fed Rate Cut Led to a Surge of Rate-and-Term Refinance Activity
The Fed's recent rate cut drove a 50% month-over-month increase in rate-and-term refinance activity in September, according to OptimalBlue’s Market Advantage data report.
What’s more,...
LoanDepot Closes $300M Mortgage Notes Transaction
loanDepot recently closed a $300 million transaction through an offering of notes by Mello Warehouse Securitization Trust 2024-1, marking the lender’s tenth successful transaction...
Consumer Confidence in Housing Market Reaches Highest Level in Two Years
Consumer confidence in the housing market increased in September, as per Fannie Mae’s Home Purchase Sentiment Index (HPSI), which rose to a score of...
MBA and 13 Industry Stakeholders Form Group to Address Racial Homeownership Gap
The Mortgage Bankers Association (MBA) and 13 mortgage industry stakeholders have formed the Convergence Collaborative, a coordinated effort to identify and develop solutions to...
Mortgage Bankers Association Promotes Wendy Penn to VP of Affordable Housing Initiatives
Wendy Penn has been promoted to vice president for affordable housing initiatives at the Mortgage Bankers Association (MBA).
Penn joined the MBA in 2021 as...