MBA: Mortgage Applications Decline for Second Straight Week
Mortgage applications decreased 1.7% on a seasonally adjusted basis from one week earlier, according to Market Composite Index data from the Mortgage Bankers Association’s...
LendArch Hires Karthik Kumar as EVP and COO
Karthik Kumar has joined LendArch, which enables mortgage firms to improve their processes and technology strategies while creating improved borrower experiences, as executive vice...
Mortgage Credit Availability Tightened in June
Mortgage credit availability decreased 0.3% in June to a score of 119.6 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index.
Credit availability for...
Nearly 3 Percent of U.S. Mortgages in Delinquency, Reports CoreLogic
CoreLogic’s monthly Loan Performance Insights Report for April 2022 shows that 2.9% of all mortgages in the U.S. were in some stage of delinquency...
Rate Lock Activity Continues to Decline for Third Straight Month
Black Knight Inc. has released its latest Originations Market Monitor report, looking at mortgage origination data through June month-end by leveraging daily rate lock...
Redfin Reports Home Sales Canceled at Highest Percentage Since March 2020
Nationwide, roughly 60,000 home-purchase agreements fell through in June, equal to 14.9% of homes that went under contract that month, according to the latest...
Keith Kemph: Why the LOS RFP is Dead – and Why That’s a Good...
PERSON OF THE WEEK: Industry observers will tell you that mortgage lenders typically turn away from an existing loan origination system (LOS) in favor...
U.S. Job Growth Remained Strong in June
The U.S. economy added about 372,000 jobs in June, above expactations, but the unemployment rate remained unchanged compared with May at 3.6%, according to...
Redfin Finds Balance Slowly Returning to Housing Market
After months of tipping heavily in sellers’ favor, the scales of the housing market are finally balancing out, according to a new report from...
Fannie Mae: Consumers Remain Pessimistic About Housing Market
Fannie Mae’s Home Purchase Sentiment Index (HPSI) shows a decrease of 3.4 points in June to 64.8, its second-lowest reading in a decade.
Surveyed consumers...
Fixed-Rate Mortgage Decreases Nearly Half a Percent
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.3% with an average 0.8 point as of...
Click n’ Close Promotes Forshey, Mauldin to C-Suite
Daniel Forshey has been promoted to chief operating officer, while Sady Mauldin has been promoted to chief compliance officer at Click n’ Close (formerly...
The Benefits of Employment History Insights Amidst Volatile Labor Markets
BLOG VIEW: Shifting borrower employment trends could mean incremental work for mortgage lenders when they are looking to find efficiencies.
This year, mortgage lenders have...
Rate of Mortgage Applications Continues Decreasing Pattern
Mortgage Bankers Association (MBA) reports that mortgage applications decreased 5.4% on a seasonally adjusted basis from one week earlier, according to data from its...
CoreLogic: Thirteen States Show Annual Appreciation Exceeding 20 Percent
CoreLogic’s CoreLogic Home Price Index (HPI) and HPI Forecast for May 2022 indicate that U.S. home price growth relaxed slightly in May from April...
Redwood Trust Increases Lending Capabilities with Completed Riverbend Acquisition
Redwood Trust Inc. has completed the previously announced acquisition of Riverbend Funding LLC and its subsidiaries (Riverbend), a private mortgage lender to residential transitional...
ATTOM Finds Nearly All Analyzed Counties Less Affordable in Q2 than Historic Averages
ATTOM’s Q2 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos are less affordable in the second quarter of 2022 compared...
RIHA Studies Impact of Aging Baby Boomer Homeowners on Housing Supply
The Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA) has released research showing more than 4 million existing-homes for sale annually over...
Mortgage Loan Application Volume Continues Slow Increase
Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey shows mortgage applications increased 0.7% on a seasonally adjusted basis from one week earlier, according...
Fannie Mae Values CAS REMIC Deal at $866 Million with 101,000 Loans
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R07, an approximately $866 million note offering that represents Fannie Mae's seventh CAS REMIC transaction...