Lending Compliance and Limited English Proficiency Consumers: What Lenders Need to Know
The U.S. Census Bureau reports that more than 60 million Americans over age five - about 20% of the U.S. population - speak a language other...
Metro Areas See Double-Digit Price Appreciation in Q1 2022
The first quarter of 2022 saw more markets reach double-digit annual price gains than the previous quarter, according to the National Association of Realtors'...
Joel Rickman: Mortgage Lenders Facing Rapid Changes in 2022
PERSON OF THE WEEK: Mortgage lenders have had to keep pace with some rapid changes during the past two years, particularly with the impact...
Borrower Behavior Changing with Low Affordability, Rising Interest Rates
Black Knight Inc.’s latest Mortgage Monitor Report suggests that although home price appreciation slowed in March – albeit very slightly – 30-year mortgage interest...
Waterstone Mortgage Names Jake Rowoldt VP, Information Services
Jake Rowoldt has been promoted to vice president, information services, at Waterstone Mortgage.
Rowoldt joined Waterstone Mortgage in October 2018 as the IS project and...
Redwood Trust Acquires Riverbend Lending to Integrate into CoreVest
Redwood Trust Inc. has entered into a definitive agreement to acquire Riverbend Funding LLC and its subsidiaries, a private mortgage lender to residential transitional...
Logix Federal Credit Union Taps Mortgage Coach to Educate Borrowers
Logix Federal Credit Union is now using the Mortgage Coach platform to enhance its mortgage advisory service for members.
Mortgage loan officers with Logix will...
Home Prices Jumped Nearly 2 Percent Month Over Month in February
U.S. home prices increased 1.9% on an adjusted basis in February compared with January and were up 19.8% compared with February 2021, according to...
MBA Sees 5 Percent March Increase in Mortgage Application Payments
Home buyer affordability declined in March, with the national median payment applied for by applicants rising 5% to $1,736 from $1,653 in February. This...
Pending Home Sales Index Decreases 1.2 Percent to 103.7 in March, Reports NAR
Pending home sales dropped in March, signifying five straight months that contract activity has declined, according to the National Association of Realtors.
Month over month,...
InstaMortgage, Calque Offer Non-Contingent Lending Using Homeowner Equity
InstaMortgage, a tech-driven mortgage lender licensed in 26 states, has partnered with Calque to offer a "Trade-In Mortgage" for mortgage lending. The product empowers...
New Home Sales Slid in March as Affordability Concerns Kicked In
New home sales are often a good barometer of the housing market because, if completed new homes aren’t moving, it probably means buyers are...
Steven Plaisance: Home Affordability Must Be Addressed
PERSON OF THE WEEK: Steven Plaisance is the president of mortgage banking for Gateway First Bank. He is also currently serving as the chairman...
loanDepot Names Frank Martell as New President, CEO
Frank Martell is joining loanDepot Inc.’s (LDI) management team as its new president and CEO, a newly created role within the firm. Martell has...
New Black Knight Tool Identifies Possible Minority Bias in Home Valuation Process
Black Knight Inc. has launched CA Risk Profiler Plus, a tool designed to help mortgage lenders, appraisers and appraisal management companies (AMC) identify potential...
Guild Mortgage Teams with The Home Depot to Bundle Energy-Efficient Appliances with a Home...
Guild Mortgage recently introduced GreenSmart Advantage, a new program in partnership with The Home Depot to help home buyers save on utility costs and...
Mortgage Delinquencies Dropped to Record Low in March
Black Knight Inc.’s "first look" at March 2022 month-end mortgage performance statistics derived from its loan-level database shows the national delinquency rate dropped by...
Xactus Taps Kevin Ryan as CFO
Kevin Ryan has joined verification solutions provider Xactus (previously Universal CIS | Credit Plus) as chief financial officer.
Ryan has more than 20 years of...
First American RHPI: Real House Prices Increase Close to 31 Percent
The newly released February 2022 First American Real House Price Index (RHPI) shows that real house prices increased 5.8% between January 2022 and February...
Blue Sage, Docutech Integrate DART Digital Registry System
DART (Digital Asset Registration Technologies Inc.), a combined lien and eNote registry system developed by Figure Technologies Inc. using blockchain technology, has two new...