Competition in Housing Market Hit 15-Month Low in May
Nationwide, 57.8% of home offers written by Redfin agents faced competition on a seasonally adjusted basis in May, the lowest level since February 2021,...
Matthew Wood: Today’s LOS Must Be Designed with Future Technologies in Mind
PERSON OF THE WEEK: The mortgage market is, unfortunately, set for another slowdown, but that means mortgage lenders have more time to focus on...
Report Shows Foreclosure Filings Increased 185 Percent from May 2021 to May 2022
ATTOM's May 2022 U.S. Foreclosure Market Report shows there were a total of 30,881 U.S. properties with foreclosure filings – default notices, scheduled auctions...
Churchill Mortgage Taps Kelly Lee For Pacific Northwest Division
Kelly Lee has joined Churchill Mortgage as senior vice president of production for the Northwest region.
Lee has more than 20 years of experience in...
Realtor.com Predicts Q3 2022 Will See a Summer Break from Home Sales Frenzy
As rising inflation and mortgage rates bring U.S. housing demand back from the 2021 frenzy, Realtor.com's newly updated 2022 forecast predicts inventory will grow...
Homebot Integrates Total Expert Platform for Mortgage Lender Relationships
Homebot has integrated with Total Expert, a CRM and customer engagement platform for financial institutions. The integration automates client list management, allowing mortgage lenders...
30-Year Fixed-Rate Mortgages Climb to 5.23 Percent Average
Freddie Mac’s Primary Mortgage Market Survey results show the 30-year fixed-rate mortgage (FRM) averaged 5.23% with an average 0.9 point as of June 9,...
MBA Report Signifies Tougher Lending Standards, Mortgage Credit Availability Decline
The Mortgage Bankers Association (MBA) reports that mortgage credit availability decreased in May according to the Mortgage Credit Availability Index (MCAI), a report that...
ATTOM Reports Sharp 18 Percent Downturn in Originations from Q4 2021 to Q1 2022
ATTOM’s Q1 2022 U.S. Residential Property Mortgage Origination Report shows that 2.71 million mortgages secured by residential property (1-4 units) were originated in the...
FHFA Releases GSEs’ Equitable Housing Finance Plans for 2022-2024
The Federal Housing Finance Agency (FHFA) has released Fannie Mae's and Freddie Mac's Equitable Housing Finance Plans for 2022-2024.
The plans are designed to complement...
MBA: Mortgage Application Volumes Continue to Decline
Mortgage applications decreased 6.5% on a seasonally adjusted basis from one week ago, according to Market Composite Index data from the Mortgage Bankers Association’s...
What is a Qualified Written Request to a Servicer? Two Court Opinions Could Change...
BLOG VIEW: Under RESPA, servicers are required to respond to qualified written requests (QWRs) from borrowers. Regulation X divides these requests into two categories:...
VanDyk Chooses Black Knight MSP Loan Servicing System
National mortgage banker VanDyk Mortgage Corp. has selected Black Knight Inc.’s MSP loan servicing system to support its growing servicing operations. VanDyk will also...
CoreLogic Report Shows Continued Price Increases, More Buyer Urgency in April
CoreLogic’s CoreLogic Home Price Index (HPI) and HPI Forecast for April 2022 show that home prices posted another record-high year-over-year increase in April nationwide,...
Majority of Fannie Mae Respondents Lack Positive Home Purchasing Outlook
Fannie Mae reports that its Home Purchase Sentiment Index (HPSI) remained relatively flat in May, decreasing by only 0.3 points to 68.2 but inching...
EarnUp Expands Mortgage Solutions Leadership Team with Four Additions
EarnUp, a fintech company offering intelligent payment and data solutions for the mortgage industry, has expanded its executive team. Michelle Scanlon is on board...
Mortgage Holders’ Tappable Equity Reached Record High in Q1 2022
Black Knight Inc.’s Data & Analytics division's latest Mortgage Monitor Report shows that while rising home prices and volatile interest rates continue to compound...
OrangeGrid Chooses Timios Title, Escrow, Valuation Products
OrangeGrid LLC has selected Timios Inc. as the preferred provider of title, escrow, valuation and asset management services within OrangeGrid's GridReady default management ecosystem....
Black Knight’s Optimal Blue Introduces Lead-Quoting API for Lenders
Black Knight Inc. has launched a new lead-quoting application programming interface (API) that connects lead-aggregation vendors to the array of product and pricing information...
Sales Boomerang Taps Cheryl Messner as EVP, Customer Success
Cheryl Messner has joined Sales Boomerang, which offers an automated borrower intelligence and retention system, as executive vice president, customer success.
Messner joins Sales Boomerang...