MBA: Applications for New Home Purchases Increased in February
Applications for mortgages for new home purchases increased 4% in February compared with January and were up 1.2% compared with February 2022, according to...
Waterstone Mortgage Promotes Jennifer George to VP
Jennifer George has been promoted to vice president – investor relations and credit policy, at Waterstone Mortgage Corp.
George has more than 30 years of...
Mortgage Credit Decreased in February as Industry Capacity Shrank
Mortgage credit availability decreased 3% in February compared with January to a score of 100.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...
U.S Labor Market Continued to Show Signs of Resilience in February
Roughly 311,000 jobs were added to the U.S. economy in February, beating expectations. However, the unemployment rate edged up to 3.6%, according to the...
In a Tighter Market, Lenders Need Real-Time Data Across the Enterprise
BLOG VIEW: For some time now, lenders have recognized the value of real-time data, notably in the origination process through using real-time verification of...
Guild Mortgage Buying Cherry Creek Mortgage
San Diego-based national lender Guild Mortgage has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with 68 branches in 45 states.
Cherry Creek...
Impac Making Shift to Broker, Giving Up Seller-Servicer Designation
Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac.
“Non-transitory inflation...
Mortgage Rates Continue to Rise as Fed Signals More Aggressive Stance on Policy
Mortgage rates continued to increase this week, with the average rate for a 30-year fixed-rate mortgage hitting 6.73%, up from 6.65% last week, according...
Applications Increase, But Most Buyers Are Waiting for Rates to Decline
Mortgage application volume increased 7.4% during the week ended March 3, with applications for refinances increasing 9% compared with the previous week and applications...
BlackFin Group Adds Mike McChesney as Mortgage Technology Executive
Mike McChesney has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as principal consultant in the mortgage technology practice.
McChesney...
Black Knight: Market Volatility Thus Far Having Little Impact on Home Values
In addition to rising mortgage interest rates, lack of housing inventory is playing a significant role in the stagnation of home sales, as low...
CMG Mortgage Buys Retail Division of Homebridge Financial Services
Mortgage banking company CMG Mortgage Inc. has acquired the retail division of New Jersey-based Homebridge Financial Services, helping to expand CMG’s presence in the...
Dean Kelker: Appraisal Modernization is Starting to Gain Momentum
PERSON OF THE WEEK: In its ongoing push to modernize the appraisal process, government-sponsored enterprise (GSE) Fannie Mae recently communicated details to its sellers...
FormFree Divests AccountChek to Stewart
FormFree has divested its AccountChek auto-verification solution to Stewart and will now focus on its two other solutions: Passport, a mobile application that verifies...
Case-Shiller: U.S. Home Prices Fell 0.3 Percent in December
U.S. home prices decreased 0.3% on an adjusted basis in December compared with November but were up 5.8% compared with December 2021, according to...
The Success Mantra for Mortgage and Title Tech Companies in This Downturn
BLOG VIEW: As per the Mortgage Bankers Association (MBA)’s latest outlook, with the current market conditions, purchase originations and refinance volume are now expected...
Asking the Right Questions in the Fight Against Fraud
BLOG VIEW: Fraud methods and trends are always evolving. But while the ways that borrowers misrepresent their income, employment and more come and go,...
BlackFin Group Adds Julie Piepho as Principal Consultant
Julie Piepho, CMB, recently joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as principal consultant.
A 40-year veteran of the...
New Home Sales Increased in January on Lower Mortgage Rates
New home sales in January were at a seasonally adjusted annual rate of 670,000, an increase of 7.2% compared with December but down 19.4%...
LenderLogix Launches LiteSpeed POS For Small to Midsize Mortgage Lenders
LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a streamlined point-of-sale (POS) system designed for small to...