MBA Reports 25 Percent Drop in New Home Mortgage Applications
The Mortgage Bankers Association's (MBA) Builder Application Survey (BAS) data for December 2022 shows mortgage applications for new home purchases decreased 25.2% compared to...
MBA Sees 27.9 Percent Jump in Mortgage Application Activity in One Week
Mortgage applications increased 27.9% from one week ago, according to Market Composite Index data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey...
Waterstone Mortgage Promotes Rico Garcia to VP, Enterprise Risk
Rico Garcia has been promoted to vice president, enterprise risk, at Waterstone Mortgage, a wholly-owned subsidiary of WaterStone Bank SSB, which, in turn, is...
Joe Ludlow: Cost Savings Considerations for Lenders in 2023
PERSON OF THE WEEK: Loan volumes decreased from $4.5 trillion in 2021 to $2.5 trillion in 2022, leaving lenders with too much excess operational...
Annual Home Price Growth Declined in Past Year, Down 9.2 Percent in Q4
Single-family home prices increased at a non-seasonally adjusted annual rate of 9.2% in Q4 2022, compared to Q4 2021, down from the previous quarter's...
Fannie Mae: Low Mortgage Rates Were the Primary Driver of Home Sales During the...
Was the boom in home sales that came during the pandemic due to homebuyers having greater financial wherewithal - or was it driven more...
Fannie Mae Prices First CAS REMIC Series of 2023
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2023-R01, an approximately $731 million note offering that represents Fannie Mae's first CAS REMIC transaction...
The ‘Chi’ of Mortgage Lending
BLOG VIEW: What factors really drive the lending market?
As shown in the graphic below, the main ones are the MBS market, the real estate...
Housing Market Experiences Uptick in Refinance Activity, MBA Observes
Mortgage applications increased 1.2% on a seasonally adjusted basis from one week ago, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
New Lender Defy Mortgage Launches to Serve Borrowers With Non-Traditional Income Streams
Despite the overall downturn across the industry, a new national mortgage lender, appropriately named Defy Mortgage, has launched.
The new lender will primarily focus on...
Wells Fargo to Exit Correspondent Business, Shrink Mortgage Servicing Portfolio
In order to streamline its mortgage business, Wells Fargo is exiting the correspondent business and plans to reduce the size of its mortgage servicing...
MBA: Mortgage Credit Availability Experienced Drop at End of 2022
Mortgage credit availability decreased in December, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...
Susan Allen: How Lenders Can Capture More HELOC Business
PERSON OF THE WEEK: From home renovations to debt consolidation, savvy consumers know how to use HELOCs to their advantage - which is why,...
Black Knight Reports Mortgage Rate, Affordability Issues Magnify Winter Drop
Black Knight Inc. has released its latest Originations Market Monitor report, looking at mortgage origination data through December month-end. The month's pipeline data showed...
Home Purchase Sentiment Still ‘Very Low by Historical Standards’
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 3.7 points in December to 61.0, but the index remains only slightly above its all-time...
Unemployment Rate Edged Down in December, Wages Continued to Increase
The U.S. economy added 223,000 jobs in December, above expectations, while the unemployment rate edged down to 3.5%, according to the U.S. Bureau of...
Planet Home Lending Opens Location in Woodbury, N.Y.
Planet Home Lending, a national mortgage lender and servicer, reports that it has added a new team in Woodbury, N.Y., as part of its...
Sales Boomerang and Mortgage Coach Tap Shelli Holland as Chief People Officer
Shelli Holland has joined Sales Boomerang and Mortgage Coach as chief people officer.
Holland has nearly two decades of experience developing people strategy at leading...
CrossCountry Mortgage Implements CompenSafe Incentive Automation into Workflow
CrossCountry Mortgage, one of the nation’s largest retail mortgage lenders, is using SimpleNexus’ CompenSafe solution to manage incentive compensation for its loan originators.
The lender,...
Over 2 Million Homes No Longer Require a Jumbo Loan
More than 2 million homes across the country no longer require a jumbo loan, according to a new analysis by Zillow Home Loans. This...