Keith Kemph: Why the LOS RFP is Dead – and Why That’s a Good...
PERSON OF THE WEEK: Industry observers will tell you that mortgage lenders typically turn away from an existing loan origination system (LOS) in favor...
U.S. Job Growth Remained Strong in June
The U.S. economy added about 372,000 jobs in June, above expactations, but the unemployment rate remained unchanged compared with May at 3.6%, according to...
Redfin Finds Balance Slowly Returning to Housing Market
After months of tipping heavily in sellers’ favor, the scales of the housing market are finally balancing out, according to a new report from...
Fannie Mae: Consumers Remain Pessimistic About Housing Market
Fannie Mae’s Home Purchase Sentiment Index (HPSI) shows a decrease of 3.4 points in June to 64.8, its second-lowest reading in a decade.
Surveyed consumers...
Fixed-Rate Mortgage Decreases Nearly Half a Percent
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 5.3% with an average 0.8 point as of...
Click n’ Close Promotes Forshey, Mauldin to C-Suite
Daniel Forshey has been promoted to chief operating officer, while Sady Mauldin has been promoted to chief compliance officer at Click n’ Close (formerly...
The Benefits of Employment History Insights Amidst Volatile Labor Markets
BLOG VIEW: Shifting borrower employment trends could mean incremental work for mortgage lenders when they are looking to find efficiencies.
This year, mortgage lenders have...
Rate of Mortgage Applications Continues Decreasing Pattern
Mortgage Bankers Association (MBA) reports that mortgage applications decreased 5.4% on a seasonally adjusted basis from one week earlier, according to data from its...
CoreLogic: Thirteen States Show Annual Appreciation Exceeding 20 Percent
CoreLogic’s CoreLogic Home Price Index (HPI) and HPI Forecast for May 2022 indicate that U.S. home price growth relaxed slightly in May from April...
Redwood Trust Increases Lending Capabilities with Completed Riverbend Acquisition
Redwood Trust Inc. has completed the previously announced acquisition of Riverbend Funding LLC and its subsidiaries (Riverbend), a private mortgage lender to residential transitional...
ATTOM Finds Nearly All Analyzed Counties Less Affordable in Q2 than Historic Averages
ATTOM’s Q2 2022 U.S. Home Affordability Report shows that median-priced single-family homes and condos are less affordable in the second quarter of 2022 compared...
RIHA Studies Impact of Aging Baby Boomer Homeowners on Housing Supply
The Mortgage Bankers Association's (MBA) Research Institute for Housing America (RIHA) has released research showing more than 4 million existing-homes for sale annually over...
Mortgage Loan Application Volume Continues Slow Increase
Mortgage Bankers Association’s (MBA) latest Weekly Mortgage Applications Survey shows mortgage applications increased 0.7% on a seasonally adjusted basis from one week earlier, according...
Fannie Mae Values CAS REMIC Deal at $866 Million with 101,000 Loans
Fannie Mae has priced Connecticut Avenue Securities (CAS) Series 2022-R07, an approximately $866 million note offering that represents Fannie Mae's seventh CAS REMIC transaction...
CoreLogic Names Patrick Dodd President and CEO
Patrick Dodd is the new president and CEO of housing data and software firm CoreLogic.
Dodd was previously chief operating and growth officer. He was...
Sales Boomerang Merging With Mortgage Coach
Sales Boomerang, which offers an automated borrower intelligence and retention system, is merging with Mortgage Coach, a platform empowering mortgage lenders to educate borrowers...
Fannie Mae Awards 19th New York Area Pool of Non-Performing Loans
Fannie Mae has named The State of New York Mortgage Agency Community Restoration Fund (SONYMA CRF) as the winning bidder for its nineteenth Community...
Mid America Mortgage Rebrands as Click n’ Close
Mid America Mortgage has rebranded as Click n’ Close following the sale of the majority of its retail lending operations to Houston-based Legend Lending.
Click...
Education is the Key to Removing Barriers For Underserved Borrowers
BLOG VIEW: More companies are directing time and resources to create equity in housing and homeownership. As part of that effort, one must understand...
New Home Sales Rebounded in May
After tumbling more than 16% in April, new home sales rebounded in May, rising 10.7% to reach a seasonally adjusted annual rate of 696,000,...