MBA Reports Refinance Index Dropped 87 Percent Year over Year
Mortgage applications decreased 13.2% from two weeks ago, according to Market Composite Index data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey...
Secondary Platform Helps Habitat for Humanity Affiliates
PERSON OF THE WEEK: In a recent interview with MortgageOrb, Mark Tribuna, senior advisor, CRA Note Exchange, explains how the company’s online secondary platform...
CoreLogic: Year-Over-Year Double-Digit Home Price Growth Is Over
CoreLogic’s CoreLogic Home Price Index (HPI) and HPI Forecast for November 2022 show year-over-year home price growth ended its 21-month streak of double-digit momentum...
Four U.S. Regions Faced Downward Turn for Pending Home Sales in November
Pending home sales slid for the sixth consecutive month in November, according to the National Association of Realtors (NAR). All four U.S. regions recorded...
Ashley Sellers: Small to Midsize Lenders Need Automation to Remain Agile in this Market
PERSON OF THE WEEK: In this current mortgage market, many small to midsize lenders are struggling to survive. As was the case during the...
Four Ways to Wow a Lender’s Business Referral Partners in the New Year
BLOG VIEW: The lenders who are still in the business today are those most likely to make a run of it in 2023. Those...
FHFA Sees Near-Zero Appreciation in Home Prices for the Fall
House prices were flat nationwide in October, experiencing a 0.0% change from the previous month, according to the latest Federal Housing Finance Agency House...
Housing Market Experienced Home Price Gain Drop in October
The latest October 2022 data results for S&P Dow Jones Indices’ (S&P DJI) S&P CoreLogic Case-Shiller Indices show that home price gains declined across...
Falling Mortgage Rates Helped Boost New Home Sales in November
Falling mortgage rates gave new home sales a boost in November compared with October, but they remained down from a year ago.
New home sales...
First American Forecasts Better Home Affordability in 2023
First American Financial Corp.’s October 2022 First American Real House Price Index (RHPI) shows that real house prices increased 8.7% between September and October,...
Fixed-Rate Mortgage Average Doubles in a Year from 3.05 to 6.27 Percent
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show the 30-year fixed-rate mortgage (FRM) averaged 6.27% as of December 22. That's down from last...
MBA: Mortgage Application Payments Dropped by Nearly 2 Percent in November
Homebuyer affordability improved in November, with the national median payment applied for by applicants decreasing 1.8% to $1,977 from $2,012 in October. This is...
November Data Show Prepayments Reached Record Lows, Delinquencies Exceeded 3 Percent
Black Knight Inc. says the total U.S. loan delinquency rate was 3.01% in November, with a month-over-month change of 3.46% and a year-over-year change...
Despite Decreasing Home Prices, Homes are Less Affordable in the U.S., ATTOM Finds
ATTOM’s fourth-quarter 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos are less affordable in the fourth quarter of 2022 compared...
Union Home Mortgage Acquires Amerifirst Home Mortgage
Union Home Mortgage (UHM), a full-service retail, wholesale and consumer-direct independent mortgage banking company, has acquired Kalamazoo, Mich.-based Amerifirst Home Mortgage for an undisclosed...
Sarah Acosta: How Mortgage Lenders Can Create an Efficient Natural Disaster Response
PERSON OF THE WEEK: The number of natural disasters and the costs associated with their subsequent damages continues to rise due to climate change,...
Guild Launches Payment Advantage to Aid Homebuyers with Mortgage Payments
Guild Mortgage has introduced Payment Advantage, a new conventional loan program to help homebuyers save on their payments as rates continue to rise. The...
Mortgage Applications Climb During Last Week, Reports MBA
Mortgage applications increased 0.9% from one week ago on a seasonally adjusted basis, according to Market Composite Index data from the Mortgage Bankers Association’s...
Latest FHFA Report Shows Fannie Mae, Freddie Mac Sold 155,034 NPLs Since 2014
The Federal Housing Finance Agency (FHFA) has released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac.
The...
NAR: Existing Home Sales Dropped for Tenth Consecutive Month in November
Existing-home sales declined for the tenth month in a row in November, according to the National Association of Realtors (NAR). All four major U.S....