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...
Consumers Grow More Concerned About Home Buying and Selling Conditions
The Fannie Mae Home Purchase Sentiment Index (HPSI) decreased 2.0 points in July to 62.8, its lowest level since 2011 and well below the...
Homebuyers Slowly Return to Market with Falling Mortgage Rates, Redfin Reports
More homebuyers are returning to the market, motivated by a decline in mortgage rates and a record share of listings with price drops, according...
Panorama Mortgage Group Now Includes InQlusion Mortgage Capital
InQlusion Mortgage Capital is now part of Panorama Mortgage Group (PMG), a multi-brand national mortgage company.
InQlusion Mortgage Capital is dedicated to expanding minority and...
Mortgage Applications Inched Higher at End of July
Mortgage applications increased 1.2% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...
Joseariel Gomez: Robotic Process Automation Can Improve Lending Efficiency End-to-End
PERSON OF THE WEEK: Especially since the pandemic, mortgage lenders are adopting new technologies to automate and accelerate the mortgage process - in a...
Fannie Mae Prices Latest CAS REMIC Transaction at $626 Million
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R08, an approximately $626 million note offering that represents Fannie Mae’s eighth CAS REMIC transaction...
Garris Horn Adds David G. Ross as Litigation Partner
David G. Ross has joined Garris Horn LLP, a boutique, virtual law firm focused on federal financial regulation, including TILA/RESPA/TRID, as litigation partner.
Ross has...
Case-Shiller: Home Price Growth Decelerated in May
Although the rate of growth is slowing, U.S. home prices continued to rise in May, increasing 1.0% on an adjusted basis compared with April...
Freddie Mac Reports Slight Change in Fixed-Rate Mortgage Averages
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.3% as of July 28.
A week earlier, it...
Three Mortgage Companies Partner with Figure on HELOC Products
Three mortgage companies are signing on as white label partners for home equity line of credit (HELOC) offerings with Figure, a provider of home...
Xactus Acquires MassiveCert
Xactus, a provider of verification solutions to the mortgage industry, has acquired MassiveCert, offering residential national flood data and technology.
Terms of the deal were...
Pamela Stahl: Mortgage Lenders Must Prioritize the Protection of Personal Financial Data
PERSON OF THE WEEK: Mortgage lenders are increasingly using technology to streamline the lending process - however, as adoption grows, security issues remain a...
Renaissance Home Loans Taps Darren Russell as VP of Business Development
Mortgage industry veteran Darren Russell has joined Renaissance Home Loans, a South Florida-based mortgage originator, as vice president of business development.
Russell was most recently...
MBA Finds Homebuyer Affordability, Application Payments Remained Steady in June
The Mortgage Bankers Association's (MBA) Purchase Applications Payment Index (PAPI) shows homebuyer affordability was mostly unchanged in June, with the national median payment applied...
New Home Sales Plunged in June on Higher Mortgage Rates and Lack of Affordability
New home sales plunged in June as higher mortgage rates and lack of affordability dampened buyer demand. In addition, production slowed on lower builder...
House Passes Secure Notarization Act
The U.S. House of Representatives has passed the Secure Notarization Act (H.R.3962), which would authorize the use of remote online notarization (RON) and create...
Homebuying Hotspots with Sharp Price Escalation Vulnerable to Housing Downturn
Popular migration destinations where home prices soared during the pandemic are most likely to see the effects of a housing downturn amplified and home...
Pending Home Sales Dropped Nearly Nine Percent in June
The National Association of Realtors (NAR) reports pending home sales decreased in June, following a slight increase in May. All four major regions posted...
MBA: Housing Market Experiences Continued Decrease in Mortgage Applications
The Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey shows a decrease of 1.8% in mortgage applications on a seasonally adjusted basis from one...