Mr. Cooper, Sagent Produce Cloud-Native Mortgage Servicing Platform
Mr. Cooper Group Inc. has completed its previously announced agreement with Sagent M&C LLC, d/b/a Sagent Lending Technologies. Under the terms of this transaction,...
Redfin: With Soaring Rates, Monthly Mortgage Payments Up $500
Mortgage rates are shooting up at the fastest pace in history, sending the typical monthly mortgage payment for a homebuyer up more than $500...
U.S. Home Prices Were Up Nearly 20 Percent Year-Over-Year in January
Driven by strong demand and limited inventory, U.S. home prices increased 1.6% on an adjusted basis in January and were up 19.2% compared with...
BlackFin Group Taps Industry Veteran Luana Slettedahl as a Principal
Luana Slettedahl has joined BlackFin Group, a management consulting firm serving the banking and mortgage industries, as a principal.
Slettedahl has 40 years of diversified...
Average Fixed-Rate Mortgage Surpasses 4.5 Percent
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.67% for the...
Ally Home Expands Mortgage Services Into Three New States
Ally Home, the residential mortgage lending arm of Ally Bank, has expanded its services into Massachusetts, Vermont and Virginia.
Currently available in 46 states and...
Researchers Find Housing Prices Continue to Climb in Spite of Rising Rates
In all 100 markets surveyed by researchers at Florida Atlantic University (FAU) and Florida International University (FIU), buyers continue to pay higher premiums –...
MBA Reports a Mortgage Application Volume Decrease of Nearly 7 Percent
The Market Composite Index, a measure of mortgage loan application volume, decreased 6.8% on a seasonally adjusted basis from one week earlier, according to...
Cherry Creek Taps Mowery as Managing Director of Found It Settlement Services
Joe Mowery has joined Cherry Creek Holdings Group as managing director of Found It Settlement Services, part of Cherry Creek’s Found It family of...
FHFA: House Prices Rose Over 18 Percent From 2021 to 2022
House prices rose nationwide in January, up 1.6% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA...
Brian Miller: Shift to Remote Work Has ‘Tipped the Scales Toward Employees’
PERSON OF THE WEEK: The shift to a purchase market, lenders’ re-expansion into niche products such as non-QM, and the reality of remote work...
Churchill Mortgage Picks Darren Shaffer as Chief Technology Officer
Churchill Mortgage, a company providing conventional, FHA, VA and USDA residential mortgages across 48 states, has tapped Darren Shaffer as chief technology officer. He...
Pending Home Sales Fell for Fourth Consecutive Month in February
Pending home sales fell 4.1% in February compared with January and were down 5.4% compared with February 2021, according to the National Association of...
After January Spike, Foreclosure Starts Drop by 24 Percent
Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.36% at...
Optimum Integrates Black Knight Empower to Increase Loan Origination Growth
Optimum First Mortgage, a hybrid mortgage broker and lender headquartered in California, has signed a contract to implement Black Knight Inc.’s Empower loan origination...
Median Mortgage Payment Increased to $1,653 in February
Home-buyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3% to $1,653 from $1,526 in January. This is...
Fixed-Rate Mortgage Rises to 4.42 Percent
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 4.42%.
“This week, the...
Mortgage Application Volume Dropped By Over 8 Percent in Mid-March
The Market Composite Index, a measure of mortgage loan application volume, decreased 8.1% on a seasonally adjusted basis from one week earlier, according to...
Cherry Creek Mortgage Taps Yarborough as VP of IT Operations
Paul Yarborough recently joined Cherry Creek Mortgage as vice president of IT operations.
Yarborough brings an abundance of knowledge and experience to his new role,...
FormFree Hires Costello as Director of Vendor Management, Risk and Compliance
Mary Costello has joined FormFree, a provider of credit decisioning solutions, as director of vendor management, risk and compliance.
Costello is a 17-year veteran of...