New Home Sales Fell 2 Percent in February
New home sales in February were at a seasonally adjusted annual rate of 772,000, down 2.0% compared with January and down 6.2% compared with...
GO Companies to Create One-Stop Shop for Home Buyers
GO Companies, a Columbus, Ohio-based holding company, reports that it is launching a one-stop shop for home buyers that includes mortgages, real estate brokerage...
John Hutchison: Creating Meaningful Partnerships Through Due Diligence
PERSON OF THE WEEK: As we continue to move into a purchase money mortgage market, lenders are finding that selling their production into the...
Number of Mortgages in Forbearance Declined Slightly in February
The Mortgage Bankers Association's (MBA) monthly Loan Monitoring Survey reveals that the total number of loans in forbearance decreased by 12 basis points from...
Ryan Rathert Joins Panorama Mortgage as Chief Financial Officer
Ryan Rathert has joined Panorama Mortgage Group (PMG), a national mortgage company headquartered in Nevada, as chief financial officer. Rathert will lead PMG's financial...
Matador Options Mortgage Loans Through Axylyum Charter AXY Wrap
Axylyum Charter, the parent company of the AXY Wrap growth enablement product, has entered into an agreement with Matador Lending. Effective immediately, all loans...
Housing Starts Jumped in February But Permit Activity Slowed
Despite supply-side constraints and a lack of skilled labor, housing starts jumped an impressive 6.8% in February compared with January to reach a seasonally...
FormFree Taps Patrick Rutherford as CFO
Former ICE finance executive Patrick Rutherford has joined FormFree, a provider of borrower auto-verification solutions, as chief financial officer (CFO).
Rutherford has more than 20...
Mortgage Applications for New Homes Dropped 3.9 Percent Year over Year
Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for February 2022 shows mortgage applications for new home purchases decreased 3.9% compared from a...
FinLocker Partners With HomeScout to Help Homebuyers Overcome Search Challenges
FinLocker, which offers a financial fitness and homeownership app, is partnering with HomeScout, a lender-centric platform dedicated to growing conversions and retention rates for...
Deephaven Mortgage Hires Lisa Heitzmann as Chief Operating Officer
Lisa Heitzmann, an experienced mortgage leader and strategic advisor, recently joined non-QM lender Deephaven Mortgage as chief operating officer (COO).
Heitzmann has a broad and...
Fed Hikes Rates For First Time Since 2018
To counter high inflation, the Federal Reserve on Wednesday raised short-term interest rates for the first time since 2018, increasing the benchmark Federal Funds...
TransUnion, UMortgage, FinLocker Offer Financial Tools to Make Mortgages Attainable
UMortgage has partnered with TransUnion and FinLocker to provide consumers with the USafe app, making financial literacy and personal financial management more accessible.
The USafe...
Decrease of 1.2 Percent Observed for Mortgage Applications in Last Week, MBA Reports
The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis from one week earlier, according to...
A Simpler Approach to Determining Home Condition
BLOG VIEW: Most are familiar with the appraisal standards used to identify the condition of homes during the appraisals process. Fannie Mae, Freddie Mac,...
Wendy Hannah-Olson: Alternative Sources of Credit Data are the Next Step for Mortgage
PERSON OF THE WEEK: Technology continues to transform the mortgage market, reducing operating costs, creating more efficient processes and improving the borrower experience. The...
Streamloan Adds Technology Solution to Speed up Loan Origination Process
The mobile-first mortgage lending solution from StreamLoan Inc., a provider of point-of-sale (POS), LOS-integrated mortgage tools, is now built on Encompass and available through...
Ocrolus Integrates Document Management Solution Suite in ICE Encompass
Document automation platform Ocrolus’ new suite of document-centric applications is now offered in ICE Encompass, intended to reduce delays due to review queues within...
Purchase Demand Growth Predictions Down Due to Supply, Rate Issues
A majority of mortgage lenders continue to expect near-term profitability to decrease amid rising mortgage rates and declining refinance activity, according to Fannie Mae's...
Wolters Kluwer Integrates IDS Document Prep Tools into Compliance Solutions Unit
Wolters Kluwer Governance, Risk & Compliance (GRC) has signed an agreement with The Reynolds and Reynolds Co. to acquire International Document Services Inc. (IDS),...