NAR: Existing-Home Sales Expected to Drop 15 Percent for the Year
Pending home sales sagged for the third straight month in August, according to the National Association of Realtors. Three out of four major regions...
FHA Now Considers Rental Payment History as an Additional Factor in Underwriting
In a first for the agency, the Federal Housing Administration (FHA) will now consider a first-time homebuyer’s positive rental payment history as an additional...
How Lenders Can Utilize CRM to Grow Sales
As interest rates continue to rise and as call volume from potential borrowers declines, it is crucial for mortgage lenders to implement effective strategies...
Christine McConnell Leading New Nations Lending Branch
On the heels of opening its newest branch in Arizona, Nations Lending recently opened a second location in Scottsdale. Christine McConnell has joined as...
The Real Brokerage Acquires LemonBrew Lending
The Real Brokerage Inc., an international real estate brokerage, has signed an agreement to acquire LemonBrew Lending Corp. LemonBrew Lending is a tech-enabled home...
Guaranteed Rate Expands its Language Access Program
Guaranteed Rate reports that it has expanded its Language Access Program (LAP) so that every step and communication within the mortgage experience is entirely...
Black Knight: Foreclosures Starts Rise, Mortgage Delinquencies Decrease
Black Knight Inc. says the national delinquency rate fell to 2.79% in August, just 4 basis points above May 2022’s record low. Improvement was...
Fannie Mae Completes Ninth CIRT Transaction of 2022
Fannie Mae has executed its ninth Credit Insurance Risk Transfer (CIRT) transaction of 2022. As part of Fannie Mae's ongoing effort to reduce taxpayer...
Bidding-War Rate Falls to Lowest Level Since April 2020
Nationwide, 44.6% of home offers written by Redfin agents faced competition in August, the lowest bidding-war rate since the beginning of the pandemic when...
FHFA Report Shows a Substantial Decrease in Mortgage Refinancing in Q2
The Federal Housing Finance Agency (FHFA) has released its second quarter 2022 Foreclosure Prevention and Refinance Report, showing that Fannie Mae and Freddie Mac...
Waterstone Mortgage Opens New Branch in Tampa
Waterstone Mortgage has opened a branch in Tampa, Fla., led by Chris Smith, regional manager, and John Utsch, branch manager.
Smith has 30 years of...
With the Average Mortgage Rate Above 6 Percent, Housing Market Faces Challenges
The results of Freddie Mac’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 6.29% with an average 0.9 point...
Fannie Mae: Probable Recession in 2023 and Declining Housing Market
Economic growth is projected to resume in the second half of 2022, but the combination of high inflation, monetary policy tightening and a slowing...
Housing Market Experiences Small Drop for Existing-Home Sales in August
Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of REALTORS. Month-over-month sales...
August 2022 Data Shows Housing Market Potential Increased for First Time in a Year
First American’s Potential Home Sales Model for August 2022 shows that potential existing-home sales increased to a 5.61 million seasonally adjusted annualized rate (SAAR),...
Combatting the Challenges of Housing Affordability
Affordability in housing is top of mind for many both inside and outside of the mortgage industry. For many potential first-time homebuyers, the combination...
High Rates Prompt Homeowners Locked into Lower Mortgage Rates to Remain Put
Roughly six of every seven (85%) U.S. homeowners with mortgages have a mortgage interest rate far below today’s level of 6%, according to a...
Market Sees 10 Percent Drop in August for New Home Mortgage Applications
Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2022 shows mortgage applications for new home purchases decreased 10.1% compared to a...
Mortgage Credit Availability Tightened in August
Mortgage credit availability tightened slightly in August compared with July, as investors reduced their offerings of ARM and non-QM loan programs.
As a result, the...
Ncontracts Promotes Melissa Outlaw to Chief Customer Officer
Melissa Outlaw has been promoted to chief customer officer at Ncontracts, a provider of integrated compliance and risk management solutions to the financial industry.
Outlaw...