Wednesday, January 29, 2025

Residential Mortgage

First Home Mortgage Appoints Matt Nader President

Matt Nader is the new president for First Home Mortgage, a full-service residential mortgage lender. Nader joined First Home Mortgage in 2018 as a loan...

Fannie Mae: Housing Market in 2025 ‘Will Look a Lot Like 2024’

With mortgage rates forecast to remain above 6%, inventory expected to remain tight, and home prices predicted to stabilize at their current highs, its...

A&D Mortgage Prices Non-QM Securitization

A&D Mortgage has priced its latest securitization, a $303.9 million transaction backed by 872 newly originated non-prime residential mortgages. Atlas Merchant Capital and Imperial Fund...

‘Silver Tsunami’ May Not Boost Housing Market as Much as Some Expect 

As Baby Boomers age out of their homes, will it help create enough inventory to boost the housing market? As per a recent report from...

Flagstar Promotes Lee Smith to Senior Executive Vice President and CFO

Lee Smith has been promoted to senior executive vice president and chief financial officer at Flagstar Financial. The appointment follows the decision of current CFO...

NAR Unveils 10 Top Housing Hot Spots for 2025

The National Association of Realtors (NAR) has unveiled its 10 Top Housing Hot Spots for 2025, which uses economic, demographic and housing factors to...

AmeriCU Credit Union Shifting to VantageScore 4.0 for Mortgages

AmeriCU Credit Union, serving more than 167,000 members throughout central and northern New York, is shifting to VantageScore 4.0 for mortgages. The migration to VantageScore...

Blue Sage Becomes First LOS to Fully Integrate Fannie Mae Income Calculator 

Mortgage technology provider Blue Sage Solutions reports that it is the first loan origination system (LOS) to fully integrate Fannie Mae's Income Calculator. This API-enabled...

Mortgage Rates Fell for a Third Straight Week

Mortgage rates decreased for a third straight week as the average rate for a 30-year fixed-rate mortgage dropped to 6.6%, down from 6.69% last...

Mortgage Lock Volume Fell 15 Percent in November on Higher Rates

Mortgage lock volume plummeted 15% in November compared with October, as rates increased, according to Mortgage Capital Trading (MCT). While the market exhibited relative stability...

Realtor.com Reveals its Top Housing Markets for 2025

Colorado Springs, Colo., is Realtor.com’s Top Housing Market for 2025, a list of the top 100 housing markets that are forecast to see increased...

First American Adds Real-Time Fraud Detection to AgentNet Services

First American has released Order Insights, a real-time, transaction-based fraud alert system available to its policy-issuing title agents. Fraud continues to challenge the real estate...

Applications for Refinances Surged Last Week on Slightly Lower Rates

Mortgage application volume increased 5.4% on an adjusted basis during the week ended December 6, as the average rate for a 30-year, fixed-rate mortgage...

Vice Capital Markets Signs 50th Investor to Whole Loan Trading Platform

Vice Capital Markets, a mortgage hedge advisory firm for independent lenders, banks and credit unions, reports that it has added its 50th investor to...

Mortgage Lock Volume Fell in November But Was Up Year Over Year

Mortgage rate lock volume dropped 25% in November compared with October but was up 12% compared with November 2023, according to Optimal Blue's Market...

Mortgage Credit Availability Tightened in November

Mortgage credit availability decreased in November, falling 3.3% compared with October to a score of 95.9 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...

Refinance Volume Jumped as Borrowers ‘Ditched Their Newly Acquired Mortgages’

Mortgage refinance volume surged in September and October, as borrowers took advantage of rates in the low 6% range, ICE Mortgage Technology’s Mortgage Monitor...

Newfi Lending Adds Calculator to Redesigned Website

Newfi Lending has launched a redesigned website that features a new calculator that aims to simplify the decision-making process for customers when researching their...

Consumers Had a Rosier View of the Housing Market in November 

Consumer confidence in the housing market improved significantly in November, rising to a score of 75.0 on the Fannie Mae Home Purchase Sentiment Index. In...

CoreLogic: Home Equity Gains Slowed in the Third Quarter

U.S. home equity continued to rise in the third quarter, increasing by $425 billion, or 2.5%, to a record $17.5 trillion, according to CoreLogic’s Homeowner...