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....
MBA: New Home Purchase Applications Dropped by 25.2 Percent in November
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2022 shows mortgage applications for new home purchases decreased 25.2% compared from...
Ernst Fee Service Enhances Solution to Meet Real Estate Transaction Tax Complexities
Black Knight Inc. reports that its Ernst Fee Service solution has been enhanced to help clients address the challenges that are resulting from a...
Nearly a Quarter of Homebuyers in the Fall Looked Out of Town for Homes
Nationwide, 24.1% of homebuyers looked to move to a different metro during the three months ending in November, according to a new report from...
Fannie Mae Expects Modest Recession for 2023, Slow Mortgage Market Recovery
Following an upward revision to third quarter 2022 real gross domestic product (GDP) and stronger-than-expected incoming personal consumption data to begin the fourth quarter,...
Ncontracts Promotes Cathy Guthrie to Chief Human Resource Officer
Cathy Guthrie has be promoted to chief human resource officer at Ncontracts, which provides integrated compliance and risk management solutions to the financial industry.
Guthrie...
Typical Monthly Mortgage Payment Finally Declines in November, Zillow Finds
After months of watching the cost of a new mortgage rise higher and higher, home buyers finally saw some relief in November. A combination...
USMI Taps Seth Appleton for its Next President
Seth Appleton has been named president of U.S. Mortgage Insurers (USMI), the association representing the nation’s leading private mortgage insurance (MI) companies in an...
ACES: Rate of Defects in Mortgage Loans Jumped 6 Percent in Q2
The rate of critical defects in mortgage loans post-closing increased 6% in the second quarter, compared with the first quarter, driven in part by...
nesto Receives Financing to Launch nesto Mortgage Cloud
nesto, a digital mortgage lending platform in Canada, has closed an $80 million Series C financing round led by IGM Financial Inc., with support...
MBA: Mortgage Application Volume Grew with Higher Purchase, Refinance Activity
Mortgage applications increased 3.2% on a seasonally adjusted basis from one week ago, according to Market Composite Index data from the Mortgage Bankers Association’s...
MISMO Promotes Jan Davis to Acting President
MISMO, the real estate finance industry's standards organization, has appointed Jan Davis, vice president of operations, to serve as acting president, following the departure...
NAR Expects More Stable Home Prices, 4.78 Million Existing-Home Sales in 2023
The National Association of Realtors (NAR) forecasts that 4.78 million existing homes will be sold, prices will remain stable, and Atlanta will be the...
Craig Crabtree: Expanding Access to Credit With Telecommunications, Pay TV and Utilities Insights
PERSON OF THE WEEK: A critical first step to establishing wealth for many Americans is the purchase of a home. However, the reality is...
Union Home Mortgage Hires Erin Stark to Oversee Texas Branches
Erin Stark has joined Union Home Mortgage (UHM), an independent mortgage banking company with more than 150 branches across the U.S., as regional manager...
Recapturing Abandoned Mortgage Applications with Intelligent Process Automation
BLOG VIEW: After a red-hot summer, the mortgage industry has significantly cooled. The fall in mortgage volume has had devastating effects for mortgage providers....
Updated FHFA, CFPB Data Show Increased Preference for Online Mortgage Process
The Federal Housing Finance Agency's (FHFA) and Consumer Financial Protection Bureau's (CFPB) National Survey of Mortgage Originations (NSMO) suggests that the COVID-19 pandemic shaped...
Purchase Locks Dropped 22 Percent in November, Reports Black Knight
Black Knight Inc.’s latest Originations Market Monitor report, looking at mortgage origination data through November month-end, shows that overall rate lock dollar volume was...
Candor Technology Launches First-Ever Loan Quality Services Underwriting Engine
To further help its clients transform their business models, Candor Technology has introduced its first-ever automated underwriting engine for loan quality services (LQS).
This will enable...
Home Equity Gains Began to Slow in Q3
CoreLogic has released the Homeowner Equity Report (HER) for the third quarter of 2022, which shows that U.S. homeowners with mortgages (which account for...