First American Forecasts Better Home Affordability in 2023
First American Financial Corp.’s October 2022 First American Real House Price Index (RHPI) shows that real house prices increased 8.7% between September and October,...
Fixed-Rate Mortgage Average Doubles in a Year from 3.05 to 6.27 Percent
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show the 30-year fixed-rate mortgage (FRM) averaged 6.27% as of December 22. That's down from last...
MBA: Mortgage Application Payments Dropped by Nearly 2 Percent in November
Homebuyer affordability improved in November, with the national median payment applied for by applicants decreasing 1.8% to $1,977 from $2,012 in October. This is...
November Data Show Prepayments Reached Record Lows, Delinquencies Exceeded 3 Percent
Black Knight Inc. says the total U.S. loan delinquency rate was 3.01% in November, with a month-over-month change of 3.46% and a year-over-year change...
Despite Decreasing Home Prices, Homes are Less Affordable in the U.S., ATTOM Finds
ATTOM’s fourth-quarter 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos are less affordable in the fourth quarter of 2022 compared...
Union Home Mortgage Acquires Amerifirst Home Mortgage
Union Home Mortgage (UHM), a full-service retail, wholesale and consumer-direct independent mortgage banking company, has acquired Kalamazoo, Mich.-based Amerifirst Home Mortgage for an undisclosed...
Sarah Acosta: How Mortgage Lenders Can Create an Efficient Natural Disaster Response
PERSON OF THE WEEK: The number of natural disasters and the costs associated with their subsequent damages continues to rise due to climate change,...
Guild Launches Payment Advantage to Aid Homebuyers with Mortgage Payments
Guild Mortgage has introduced Payment Advantage, a new conventional loan program to help homebuyers save on their payments as rates continue to rise. The...
Mortgage Applications Climb During Last Week, Reports MBA
Mortgage applications increased 0.9% from one week ago on a seasonally adjusted basis, according to Market Composite Index data from the Mortgage Bankers Association’s...
Latest FHFA Report Shows Fannie Mae, Freddie Mac Sold 155,034 NPLs Since 2014
The Federal Housing Finance Agency (FHFA) has released the latest report on the sale of non-performing loans (NPLs) by Fannie Mae and Freddie Mac.
The...
NAR: Existing Home Sales Dropped for Tenth Consecutive Month in November
Existing-home sales declined for the tenth month in a row in November, according to the National Association of Realtors (NAR). All four major U.S....
MBA: New Home Purchase Applications Dropped by 25.2 Percent in November
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for November 2022 shows mortgage applications for new home purchases decreased 25.2% compared from...
Ernst Fee Service Enhances Solution to Meet Real Estate Transaction Tax Complexities
Black Knight Inc. reports that its Ernst Fee Service solution has been enhanced to help clients address the challenges that are resulting from a...
Nearly a Quarter of Homebuyers in the Fall Looked Out of Town for Homes
Nationwide, 24.1% of homebuyers looked to move to a different metro during the three months ending in November, according to a new report from...
Fannie Mae Expects Modest Recession for 2023, Slow Mortgage Market Recovery
Following an upward revision to third quarter 2022 real gross domestic product (GDP) and stronger-than-expected incoming personal consumption data to begin the fourth quarter,...
Ncontracts Promotes Cathy Guthrie to Chief Human Resource Officer
Cathy Guthrie has be promoted to chief human resource officer at Ncontracts, which provides integrated compliance and risk management solutions to the financial industry.
Guthrie...
Typical Monthly Mortgage Payment Finally Declines in November, Zillow Finds
After months of watching the cost of a new mortgage rise higher and higher, home buyers finally saw some relief in November. A combination...
USMI Taps Seth Appleton for its Next President
Seth Appleton has been named president of U.S. Mortgage Insurers (USMI), the association representing the nation’s leading private mortgage insurance (MI) companies in an...
ACES: Rate of Defects in Mortgage Loans Jumped 6 Percent in Q2
The rate of critical defects in mortgage loans post-closing increased 6% in the second quarter, compared with the first quarter, driven in part by...
nesto Receives Financing to Launch nesto Mortgage Cloud
nesto, a digital mortgage lending platform in Canada, has closed an $80 million Series C financing round led by IGM Financial Inc., with support...