Black Knight: Climbing Rates Drove Down Rate Lock Volumes in September
Non-conforming and FHA loan products gained market share in August, while all other products lost ground, according to Black Knight’s latest Originations Market Monitor...
Global Atlantic Purchases Majority Stake in eRESI Mortgage
eRESI Mortgage LLC, a mortgage funding platform that offers comprehensive private capital solutions to the residential mortgage market, has announced that subsidiaries of The...
Mortgage Delinquency Rate Fell to Nearly Pre-Pandemic Levels in July
The U.S. mortgage delinquency rate fell to nearly pre-pandemic levels in July, decreasing to 4.2% of all mortgages. However, serious delinquencies remained elevated, according...
EZ NFT, Matrix Mortgage Collaborate on Digitizing Real Estate Documentation as NFTs
Wee-Cig International Corp., a company focused on identifying and growing top tech companies in emerging markets, has announced that its controlled subsidiary dba, EZ365,...
MERS Annual Report 2021: A Whole New World
BLOG VIEW: Each Spring, many lenders find an email from MERSCORP Holdings Inc. (MERS) regarding the Annual Report, colloquially referred to as the MERS...
Unemployment Fell to 4.8 Percent in September; Construction Sector Growth Lagging
The U.S. economy added roughly 194,000 jobs in September, beating expectations and driving the unemployment rate down to 4.8%, according to the the U.S....
Waterstone Mortgage Hires Kris Barros as Vice President, Compliance
Kris Barros has joined Waterstone Mortgage as vice president, compliance.
Barros has more than 20 years of experience in the mortgage lending and finance industries....
U.S. Home Prices Continued to Surge in August
U.S. home price gains continued to smash records in August, fueling ongoing concerns about affordability, according to CoreLogic’s home price index report.
Month-over-month home prices...
Mortgage Rates Decrease Slightly, Freddie Mac Reports
Freddie Mac’s Primary Mortgage Market Survey (PMMS) results show that the 30-year fixed-rate mortgage (FRM) averaged 2.99% for the week ending October 7.
“Mortgage rates...
Changing Mindsets to Drive Further Digital Transformation in Mortgage
BLOG VIEW: Technology shifts during this lingering pandemic include remote online notary, system-to-system communication, digital signing and the like. This has shown the industry...
Snapdocs Rolls Out eMortgage Quickstart Program
Snapdocs Inc. has debuted its eMortgage Quickstart Program - a tool for empowering lenders to more readily adopt eMortgages, or mortgages with electronic promissory...
Angela Hurst: Pandemic Was Time to ‘Focus on the Total Customer Experience’
PERSON OF THE WEEK: The pandemic-related mortgage moratoriums are coming to a close and mortgage servicers, lenders and their third party providers continue to...
First American Title Expands Remote Online Notarization Availability
First American Title Insurance Company has expanded remote online notarization (RON) availability for residential real estate transactions via the company’s direct and agency division...
Average FICO Score on Closed Mortgages Fell in July
The average FICO score for all closed loans was 740 in July - down from 743 the month prior and down from 750 a...
Title, Settlement Services Franchise Opportunities Launched by TitleEase
TitleEase, a title and settlement services franchise business, has been launched by The Lincoln Family of Companies.
“Title and settlement services companies make up an...
Embrace Home Loans Hires Castiglioni as VP of Market Growth
Kim Castiglioni has joined Embrace Home Loans as vice president of market growth and national condominium program manager.
Castiglioni has more than 30 years of...
Case-Shiller: Home Price Growth Has Shattered Records for Four Consecutive Months
Lack of inventory coupled with strong demand for single-family housing due to the pandemic continued to push home prices to record highs in July,...
Samantha Manfer: Investors Want a Complete Mortgage Origination and Servicing Solution
PERSON OF THE WEEK: Mortgage lenders and servicers are readying for a wave of foreclosures resulting from the sunsetting of pandemic-related foreclosure moratoriums -...
Existing-Home Sales Fell in August as Buyers Waited For Inventory
Due mainly to lack of supply, existing-home sales fell 2.0% in August compared with July, according to the National Association of Realtors (NAR).
The decrease...
Tim Anderson: An E-Mortgage is Not the Same Thing as a Digital Mortgage
PERSON OF THE WEEK: Most mortgage lenders today have the technology in place to deliver an all-digital mortgage experience to their customers, but the...