NAR Reports Sixth Consecutive Drop in Existing-Home Sales in July
The National Association of REALTORS says existing-home sales sagged for the sixth straight month in July. All four major U.S. regions recorded month-over-month and...
Angel Oak Incorporates SimpleNexus Platforms into Loan Application Process
Angel Oak Home Loans has selected nCino company SimpleNexus’ Nexus Engagement and Nexus Origination to support a streamlined mortgage experience for a wide range...
Zillow Finds Homes in Lower Price Range Drawing Stronger Competition
As home-buying demand cools from the record pace of 2021, competition is now hottest for the lowest-priced homes as mounting affordability obstacles stretch buyers'...
Homebuyers Withdraw from Deals with Slowing Market, Declining Competition
Nationwide, roughly 63,000 home-purchase agreements fell through in July, equal to 16.1% of homes that went under contract that month, according to a new...
Fairway Independent Mortgage Corp. Adds to its Team of Originators
Mortgage industry veteran Scott Bristol has joined Fairway Independent Mortgage Corp. as senior vice president, sales and recruiting, while Brian Chick has been hired...
Eleven Mortgage Using OptifiNow Wholesale-Centric CRM Platform
Eleven Mortgage, the wholesale division of Benchmark Mortgage, is now using OptifiNow’s wholesale-centric CRM platform.
"OptifiNow has all of the features we were looking for,"...
Q2 Banks, Credit Unions Offer Digital Home Loan Process from Rocket Mortgage
Q2 Holdings Inc., a provider of digital transformation solutions for banking and lending, and Rocket Mortgage, a mortgage lender and a part of Rocket...
July Figures Show a New Record for Share of Homebuyers Seeking to Relocate
The share of homebuyers looking to relocate jumped in July as high mortgage rates and home prices motivated Americans to move to more affordable...
Delinquencies Drop to 3.64 Percent of Outstanding Loans in Second Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.64% of all loans outstanding at the...
NAR Reports 80 Percent of Metro Areas Showed Double-Digit Price Gains in Q2 2022
Despite escalating mortgage rates and slumping home sales in the second quarter of 2022, a greater number of markets experienced double-digit annual price gains...
CMG Introduces New Nationwide Home Loan Division
The retail division of CMG Financial, a mortgage banking firm headquartered in California, has launched a new unit: CMG Home Loans.
CMG Home Loans is...
Harry Gunsallus, Amy Apuzzo Join Liberty Bank
Harry Gunsallus has joined Liberty Bank, one of the oldest and largest mutual banks in the U.S., as senior vice president, digital strategy officer...
HomeScout Partners with FormFree to Launch HomeScout Qualified Borrower
FormFree has partnered with HomeScout, a wholly owned subsidiary of FirstClose, to launch HomeScout Qualified Borrower, a tool that helps lenders generate leads and...
David Foster: How Today’s Market Impacts the Appraisals and Inspections Landscape
PERSON OF THE WEEK: The housing market has seen many changes over the past couple of years, some as a result of the COVID-19...
CoreLogic Counts Mortgage Delinquencies in May at New Low of 2.7 Percent
CoreLogic, a global property information, analytics and data-enabled solutions provider, has released its monthly Loan Performance Insights Report for May 2022. For the month...
CFPB, DOJ Fine Trident Mortgage For Alleged Redlining
The Consumer Financial Protection Bureau (CFPB) and U.S. Department of Justice (DOJ) recently ordered Trident Mortgage Co., a non-depository mortgage company operating in Delaware,...
Accurate Group Verified as Freddie Mac ACE+ PDR Software Provider
Appraisal management firm Accurate Group is now verified to support Freddie Mac’s ACE+ PDR (automated collateral evaluation plus property data report) product, giving lenders...
Keller Mortgage Deploys Mortgage Coach Enterprise-Wide
Keller Mortgage, the mortgage lending arm of Keller Williams Realty, has made Mortgage Coach available to its loan officers enterprise-wide.
Mortgage Coach is a platform...
Black Knight Reports a Nearly 17 Percent Drop in Rate/Term Refinance Locks in July
Black Knight Inc. has released its latest Originations Market Monitor report, looking at mortgage origination data through the end of July. The month's pipeline...
FormFree, HomeScout Launch Borrower Tool for Mortgage Lenders
FormFree has partnered with HomeScout, a wholly owned subsidiary of FirstClose, to launch HomeScout Qualified Borrower, a tool that helps lenders generate leads and...