Mortgage Rates Plunge in Reaction to Market Turbulence
Mortgage rates plummeted this week, as the average rate for a 30-year fixed-rate mortgage fell to 6.47%, down from 6.73% last week and down...
Data Show Share of Mortgages to Black, Hispanic and Asian Borrowers Increased in 2023
Mortgage lenders - including banks, savings associations, credit unions, and mortgage companies - made progress in terms of boosting the share of loans to...
Zillow Group Names Jeremy Wacksman New CEO
Jeremy Wacksman is the new CEO of Zillow Group.
Wacksman had been serving as chief operating officer.
He has also been appointed to the company's board...
Consumers’ View of the Housing Market Remained Grim in July
Consumer confidence in the housing market decreased slightly in July compared with June but was up 4.7 points compared with July 2023, as per...
Nearly One in Five House Hunters Willing to Trade Safety for Affordability
Nearly one in five house hunters (17.3%) are willing to sacrifice their physical safety to find a home they can afford within the next...
Refi Applications Take Off as Mortgage Rates Drop
Mortgage application volume jumped 6.9% during the week ended August 2 as the average rate for a 30-year based on closings decreased to 6.55%,...
Negative Equity Rates Creeping Up in Certain Markets
Fewer than 325,000 homeowners are underwater on their mortgages nationwide, putting just 0.60% of active loans in a negative equity position, with another 4.2%...
Homeownership Rate Dipped in Q2 as First-Time Homebuyers Sat on Sidelines
The U.S. homeownership rate was 65.6% in the second quarter, flat compared with the first quarter and down slightly compared with the second quarter...
Home Price Appreciation Slowed Significantly in June
U.S. home prices continued to rise in June but at a much slower pace compared with the first half of this year, according to...
Consolidated Analytics Acquires Investor Claim Solutions
Consolidated Analytics (CA), a provider of mortgage services and data analytics, has acquired the assets of Investor Claim Solutions (ICS), specializing in investor claims...
Mortgage Borrowers’ Tappable Equity Hit All-Time High of $11.5 Trillion in June
Home equity held by U.S. mortgage borrowers hit an all-time high of $13.8 trillion in June, according to ICE Mortgage Technology’s Mortgage Monitor report.
At...
AVMs Seeing Increased Use by Home Equity Lenders
Home equity lenders’ use of AVMs has increased significantly, a report from Corporate Settlement Solutions (CSS) shows.
The report measures of the types of valuation...
Candor Technology Introduces AI-Powered Mortgage Prequalification Tool
Candor Technology has launched PreQual, a patented borrower prequalification service that leverages artificial intelligence to deliver instant results and borrower insights across conventional and...
MIAC Analytics Integrated with Fannie Mae Mission Score API
MIAC Analytics, a provider of pricing, risk management, and accounting solutions for the mortgage and financial service industries, is now integrated with Fannie Mae’s...
Move Concierge Hires Billy Jack Snelson as CMO
Billy Jack Snelson has joined Move Concierge as chief marketing officer.
Snelson, who worked previously as vice president of marketing at Keller Williams, is tasked...
Number of Renter Households in the U.S. Grew in the Second Quarter
The number of renter households in America grew 1.9% year over year in the second quarter to a record 45.2 million, according to a...
U.S. Economy Added 114K Jobs in July as Labor Market is Clearly Cooling
About 114,000 jobs were added to the U.S. economy in July, as the unemployment rate increased to 4.3% and the number of unemployed people...
Mortgage Lock Volume Fell in July
Mortgage lock volume decreased 5.67% in July compared with June, according to Mortgage Capital Trading (MCT), continuing the trend established in May and June.
The...
PMI Continues to Help First-Time Homebuyers Qualify for Financing
Nearly 800,000 Americans used private mortgage insurance to purchase a home in 2023, and 64% of them were first-time buyers, according to a report...
LenderLogix and Truv Now Integrated
LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, is now integrated with automated employment and income...