Enact Integrates with Blend to Enhance the Mortgage Application Process
Enact Holdings Inc., a provider of private mortgage insurance through its insurance subsidiaries, says it has integrated with Blend, a provider of digital banking...
BSI Financial Services Names New President, COO
BSI Financial Services says Harold Lewis has been hired as president and chief operating officer (COO). In this newly created position, Lewis will be...
How Mortgage Brokers Can Leverage Digital to Effectively Engage Borrowers
BLOG VIEW: The mortgage market is predicted to experience turbulence in 2023 due to extended periods of high interest rates, stricter qualification criteria and...
Existing-Home Sales Surged 14.5 Percent in February as Rates Dipped
Spurred by a drop in mortgage rates, existing-home sales surged 14.5% in February compared with January, reversing 12 months of month-over-month declines, according to...
Jeremy McCarty: How Valuation Technology Can Help Lenders Capitalize on HELOC Opportunities
PERSON OF THE WEEK: The rapid pace of home price appreciation over the last decade has left most homeowners sitting in an advantageous position...
MBA: Applications for New Home Purchases Increased in February
Applications for mortgages for new home purchases increased 4% in February compared with January and were up 1.2% compared with February 2022, according to...
Waterstone Mortgage Promotes Jennifer George to VP
Jennifer George has been promoted to vice president – investor relations and credit policy, at Waterstone Mortgage Corp.
George has more than 30 years of...
Mortgage Credit Decreased in February as Industry Capacity Shrank
Mortgage credit availability decreased 3% in February compared with January to a score of 100.1 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability...
U.S Labor Market Continued to Show Signs of Resilience in February
Roughly 311,000 jobs were added to the U.S. economy in February, beating expectations. However, the unemployment rate edged up to 3.6%, according to the...
In a Tighter Market, Lenders Need Real-Time Data Across the Enterprise
BLOG VIEW: For some time now, lenders have recognized the value of real-time data, notably in the origination process through using real-time verification of...
Guild Mortgage Buying Cherry Creek Mortgage
San Diego-based national lender Guild Mortgage has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with 68 branches in 45 states.
Cherry Creek...
Impac Making Shift to Broker, Giving Up Seller-Servicer Designation
Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac.
“Non-transitory inflation...
Mortgage Rates Continue to Rise as Fed Signals More Aggressive Stance on Policy
Mortgage rates continued to increase this week, with the average rate for a 30-year fixed-rate mortgage hitting 6.73%, up from 6.65% last week, according...
Applications Increase, But Most Buyers Are Waiting for Rates to Decline
Mortgage application volume increased 7.4% during the week ended March 3, with applications for refinances increasing 9% compared with the previous week and applications...
BlackFin Group Adds Mike McChesney as Mortgage Technology Executive
Mike McChesney has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as principal consultant in the mortgage technology practice.
McChesney...
Black Knight: Market Volatility Thus Far Having Little Impact on Home Values
In addition to rising mortgage interest rates, lack of housing inventory is playing a significant role in the stagnation of home sales, as low...
CMG Mortgage Buys Retail Division of Homebridge Financial Services
Mortgage banking company CMG Mortgage Inc. has acquired the retail division of New Jersey-based Homebridge Financial Services, helping to expand CMG’s presence in the...
Dean Kelker: Appraisal Modernization is Starting to Gain Momentum
PERSON OF THE WEEK: In its ongoing push to modernize the appraisal process, government-sponsored enterprise (GSE) Fannie Mae recently communicated details to its sellers...
FormFree Divests AccountChek to Stewart
FormFree has divested its AccountChek auto-verification solution to Stewart and will now focus on its two other solutions: Passport, a mobile application that verifies...
Case-Shiller: U.S. Home Prices Fell 0.3 Percent in December
U.S. home prices decreased 0.3% on an adjusted basis in December compared with November but were up 5.8% compared with December 2021, according to...