Homespire Mortgage Continues to Expand With New Locations in Ohio, Texas and New Mexico
As part of its ongoing expansion, national residential mortgage lender Homespire Mortgage recently opened offices in New Mexico, Ohio and south-central Texas.
Industry veteran Lynda...
Joe Welu: How Lenders Can Retain Their Top Performing LOs
PERSON OF THE WEEK: LO retention and recruiting has taken on new meaning in this second stage of the pandemic, as the mortgage market...
Pending Home Sales Dipped 2.3 Percent in September
Pending home sales decreased 2.3% in September compared with August and were down 8% compared with September 2020, according to the National Association of...
Refinance Share Increased to 52 Percent in August
The refinance share of mortgage origination volume in August increased to 52%, up from 49% in July but down from 56% in August 2020,...
CFPB Fines Trustmark National Bank $5 Million For Alleged Redlining in Memphis
Trustmark National Bank, a Jackson, Mississippi-based company founded in 1889, will pay a $5 million penalty to the Consumer Financial Protection Bureau (CFPB) for...
Mortgage Fraud Risk Increases Nearly 40 Percent Year Over Year
CoreLogic has released its latest Mortgage Fraud Report, showing a 37.2% year-over-year increase in fraud risk at the end of the second quarter of...
New Home Sales Jumped 14 Percent in September as Demand Outstrips Supply
New home sales were at a seasonally adjusted annual rate of 800,000 in September, an increase of 14.0% compared with a revised 702,000 in...
U.S. Home Prices Were Up Nearly 20 Percent Year-Over-Year in August
U.S. home prices increased 1.4% on an adjusted basis during August compared with July and were up 19.8% compared with August 2020, according to...
Housing Starts Dipped in August
Housing starts continued to disappoint in September, decreasing 1.6% compared with August to an annual pace of 1.555 million, according to estimates from the...
Existing-Home Sales Jumped 7 Percent in September
Boosted by an increase in inventory, existing-home sales jumped 7% in September compared with August to a seasonally adjusted annual rate of 6.29 million,...
Mortgage Cadence Debuts New Platform for Mortgage Lenders
Mortgage Cadence, a subsidiary of Accenture, has unveiled its new Mortgage Cadence Platform (MCP) and announced the release of version 1.1 to help users...
Total Expert Unveils New Capabilities for Banks and Lenders
Total Expert, a CRM and customer engagement platform for modern financial institutions, has released a series of functionality and new products to enhance the...
New Home Purchase Apps Dropped in September
Applications for mortgages for new home purchases decreased 16.2% in September compared with August and were down 4% compared with a year ago, according...
Cherry Creek Mortgage Promotes Vick to VP of Marketing
Susan Vick has been promoted to vice president of marketing at Cherry Creek Mortgage, a nationwide, full-service mortgage lender.
Vick previously served as director of...
Setting the Right Strategy for 2022
The Mortgage Bankers Association’s mortgage volume forecast is the writing on the wall. It shows that the refinancings that accounted for over 75% of...
TransUnion, FinLocker Partnership Aids Low-to-Moderate-Income Consumers
TransUnion has partnered with FinLocker, a financial fitness app that helps low-to-moderate-income (LMI) consumers monitor their progress toward mortgage readiness and streamline the home-buyer...
CoreLogic Acquires ClosingCorp to Expand Digital Solutions Suite
CoreLogic, a global property information, analytics and data-enabled solutions provider, has completed its acquisition of all outstanding shares of ClosingCorp.
ClosingCorp is a partner to...
MBA: Despite Higher Mortgage Rates, Housing Market to Remain Strong in 2022
Purchase volume will increase 9% to reach $1.73 trillion in 2022, due in part to home builders bringing more inventory online, while refinance volume...
SimpleNexus Adds Operations Tools, Business Intelligence Through LBA Ware Acquisition
SimpleNexus, which offers a collaboration and file sharing platform for LOs, borrowers, real estate agents and settlement agents that aids in borrower engagement, loan...
Supply Chain, Inflation Concerns Negatively Affecting Economic Growth
Global supply constraints continue to cap economic output amid growing inflationary and consumer-spending concerns, according to the October 2021 commentary from Fannie Mae’s Economic...