Freddie Mac Identifies Homeownership Hurdles for Gen Zers
Homeownership continues to be something to strive for among “Generation Z,” the demographic cohort following Millennials, according to a new survey from Freddie Mac.
This...
All In Credit Union Incorporates Empower LOS Tech to Optimize Loan Originations
All In Credit Union has signed a contract to implement Empower, Black Knight Inc.'s loan origination system (LOS). The credit union selected the Empower...
High Rates and Prices, Low Wage Growth Make Mortgage Payments Harder for Homebuyers
Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage...
With Low Demand, Mortgage Lenders Struggle to Differentiate
The U.S. mortgage industry has gone from record volume and profits in 2021 to a 22-year low in demand for new mortgages through the...
FHFA Publicizes 2023 Multifamily Loan Caps at $150 Billion for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency (FHFA) has declared the 2023 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $75 billion...
Housing Affordability Decreases to Lowest Level in a Decade
Housing affordability fell to its lowest level since the National Association of Home Builders (NAHB) began tracking it on a consistent basis in 2012...
Kathryn Edelen, Lynette Hale-Lee Promoted at Planet Home Lending
Planet Home Lending, a national mortgage originator and servicer, has promoted Kathryn Edelen to eastern divisional manager and Lynette Hale-Lee to western divisional manager. ...
FirstClose Hires James Bolger as Chief Financial Officer
James Bolger has joined FirstClose, Inc., a provider of data and workflow solutions for mortgage and home equity lenders, as chief financial officer.
Bolger has...
Mortgage Delinquency Rate Dropped to Lowest Level in Decades in Q3
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.45% of all loans outstanding at the...
How Do Surety Bonds Work for Mortgage Brokers?
BLOG VIEW: A mortgage broker is an intermediary between a business and lenders during the purchase of a commercial or residential property. Like other...
MeridianLink Acquires OpenClose Residential Mortgage Software Company
MeridianLink Inc. has completed the acquisition of OpenClose, a fintech provider of residential mortgage software solutions for banks, credit unions and independent mortgage lenders.
The...
New Construction Home Volume for Sale in Q3 Set Record High
Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction – the highest share of any third quarter on...
Souren Sarkar: Smart Data Fabrics Could Propel the Mortgage Industry to the Next Level
PERSON OF THE WEEK: Data is the life blood of today’s mortgage process. Without data, the origination and servicing of mortgage loans would be...
Surprisingly Strong Job Gains in October as Unemployment Bobbed Back Up to 3.7 Percent
The U.S. economy added 261,000 jobs in October, stronger than expected, while the unemployment rate increased slightly to 3.7%, up from 3.6% the previous...
Q2, CloudKaptan Collaborate with Prompt Financial on Loan Process Platform
Digital home lender Prompt Financial Solutions has partnered with Q2 Holdings Inc., a provider of digital transformation solutions for banking and lending, and CloudKaptan...
loanDepot Opens New Digital Home Equity Line of Credit for Customers
loanDepot Inc. has unveiled a digital home equity line of credit (HELOC). Using a sophisticated technology platform enabled by digital tools and data, this...
inflooens, Salesforce Debut New Mortgage Loan Processing Platform
inflooens, a next-generation customer relationship management (CRM), point-of-sale (POS) and loan processing platform bolstered by Salesforce, has launched. The inflooens solution has a single-pane-of-glass...
ATTOM: Nearly Half of Mortgaged Residential Assets Deemed Equity-Rich in Q3
ATTOM’s Q3 2022 U.S. Home Equity & Underwater Report shows that 48.5% of mortgaged residential properties in the United States were considered equity-rich in...
loanDepot, National HomeCorp Create Mortgage Solutions Joint Venture
loanDepot has formed NHC Mortgage, a new joint venture with National HomeCorp, a Georgia-based homebuilder specializing in affordable single-family homes co-founded by Wade Jurney.
NHC...
MBA: Mortgage Application Volume Maintains Slow Decrease
The Market Composite Index, a measure of mortgage loan application volume, decreased 0.5% on a seasonally adjusted basis from one week ago, according to...