Optimal Blue: Demand Drove Up Purchase Lock Volume in October Despite Rising Rates
Purchase lock volume increased 12% in October compared with September, according to Optimal Blue’s Market Advantage data report.
The increase came despite rising rates and...
Optimal Blue Promotes Two Industry Experts to Executive Roles
Erin Wester has been promoted to chief product officer while Mike Vough has been promoted to head of corporate strategy at secondary marketing software...
U.S. Homeowners Tapped Into Their Equity More in the Third Quarter
More U.S. homeowners tapped into their equity more during the third quarter, a report from ICE Mortgage Technology shows.
The firm’s latest Mortgage Monitor report...
Truv Now Integrated With Lodasoft
Truv, a provider of income, employment, asset and home insurance verification solutions, and Lodasoft, which offers a digital workflow platform designed by mortgage experts...
Purchase Volume Slowing as Mortgage Rates Continue to Increase
Mortgage rates continued to rise during the week ended November 7, as the average rate for a 30-year fixed-rate mortgage increased to 6.79%, up...
Nearly 90 Percent of Metro Markets Posted Home Price Increases in Q3
Single-family existing-home sales prices increased in 87% of measured metro areas in the third quarter, down from 89% in the prior quarter, according to...
Fed Cuts Rates 0.25 Percent, But Unlikely to Have Much Impact on the Housing...
Citing that inflation is now near its 2% target and that there is some weakness developing in the labor market, the Federal Open Market...
Mortgage Tech Firm Novaprime Debuts AI-Powered Loan Quality Platform
Mortgage technology company Novaprime has made its public debut and launched its AI-powered Loan Quality Platform.
The firm claims this new platform evaluates loan integrity, reduces processing times and...
Consumer Confidence in the Housing Market Reaches Highest Level Since 2022
Consumer confidence in the housing market increased in October, reaching its highest level since February 2022, according to Fannie Mae’s Home Purchase Sentiment Index.
The...
Mortgage Applications Fell Again Last Week as Rates Continued to Increase
Mortgage application volume plummeted 10.8% during the week ended Nov. 1, as the average rate for a 30-year fixed-rate mortgage increased to 6.81%, up...
Baby Boomer Homeowners Passing Away Won’t Be Enough to Meet Housing Demand
There will be no excess supply of homes to the markets from older Americans moving or dying over the next decade, a research report...
Sean Dugan Set to Become CEO of Dark Matter Technologies
In a planned transition, Sean Dugan is to assume the role of CEO for Dark Matter Technologies effective April 2025.
Dugan currently holds the role...
Home Price Growth Forecast to Flatten in 2025
U.S. home prices increased 0.2% in September compared with October and were up 3.4% compared with September 2023, according to CoreLogic.
It was the slowest...
Appraisal Map Launches AVM Optimizer
Appraisal Map Inc. has launched AVM Optimizer, a tool that bridges the gap between automated home valuations and true property worth.
The new tool enhances...
First-Time Homebuyer Share Drops to New Low
First-time buyers represented only 24% of all home buyers during the 12 months ended in June, down from 32% in the previous 12-month period,...
Weak October Jobs Report Boosts Likelihood of Fed Rate Cut
Only about 12,000 jobs were added to the U.S. economy in October, far below expectations, while the unemployment rate remained unchanged at 4.1%, according...
Aduvo Launches New Sales and Marketing Platform for Mortgage Professionals
Aduvo, a new sales and marketing platform designed for mortgage professionals, has officially launched.
Created in response to existing marketing systems that are difficult and...
Domain-Centric Large Language Model for Mortgage Being Built by Sourcepoint
Sourcepoint, a Firstsource company offering outsourced mortgage services and solutions, reports that it is building its own domain-centric large language model (LLM) specific to...
BSI Financial Launches New AI-Driven Tool to Identify Borrowers Likely to Refinance
Mortgage technology firm BSI Financial Services has launched Portfolio Guardian, an AI-driven predictor model that calculates the likelihood a borrower will refinance their mortgage...
Unison Mortgage Launches Equity Sharing Home Loan in Oregon
Unison Mortgage Corp., a Unison company, has launched its Equity Sharing Home Loan in Oregon, which enables homeowners to receive cash the same day...