Purchase Applications Increased For First Time in Nearly a Month
Mortgage application volume increased 2.8% on an adjusted basis during the week ended August 6, as rates increased slightly, according to the Mortgage Bankers...
Cherry Creek Mortgage Promotes Brian Carlsen to VP of Risk Management
Brian Carlsen has been promoted to vice president of risk management at Cherry Creek Mortgage, a nationwide, full-service mortgage lender.
Carlsen is a 28-year veteran...
DocMagic Promotes Chris Lewis to Director of Enterprise Solutions
DocMagic Inc. has named Chris Lewis director of enterprise solutions, tasked with providing consultative, analytical and solution-crafting insight for enterprise accounts to implement DocMagic’s...
Angel Oak Hires Manu Singh as Head of Insurance Solutions
Manmohan “Manu” Singh has joined Angel Oak Capital Advisors as head of insurance solutions.
Singh, who officially joined the Angel Oak team in July, will...
Top Six Misconceptions About Machine Learning
BLOG VIEW: Machine learning grew in popularity in the late 2000’s, when Google and others demonstrated the importance of data and how machine learning...
U.S. Economy Added Nearly 1 Million Jobs in July, Unemployment Fell to 5.4 Percent
The U.S. economy added 943,000 jobs in July, while the unemployment rate dropped to 5.4%, according to the U.S. Bureau of Labor Statistics.
Notable job...
Mortgage Rates Dip Slightly Amidst Global Market Uncertainty
Mortgage rates dipped this week, as the average rate for a 30-year fixed-rate mortgage fell to 2.77%, down from 2.8% last week, according to...
Home Prices Continued to Spike in June But Housing Market Remains Strong
U.S. home prices in June increased 2.3% compared with May and were up 17.2% compared with June 2020, according to CoreLogic’s home price index.
Lack...
Cherry Creek Mortgage Hires Lorie Helms as CTO
Lorie Helms has joined Cherry Creek Mortgage as chief technology officer.
A 20-year mortgage technology veteran, Helms combines mortgage industry business experience with a background...
Research Shows Lower Missed Housing Payments in Q2 2021
Slightly under 5 million households did not make their rent or mortgage payments in the second quarter of 2021, according to updated research from...
Seven Skills Needed to Move into Operations Leadership
BLOG VIEW: Loan processors, funders, closers, and other mortgage professionals who want to move into leadership often believe the skills that make them successful...
Greer Allgood: QM 2.0 is the Next Regulatory Hurdle For Mortgage Lenders
PERSON OF THE WEEK: The mortgage industry is on a never-ending quest to achieve the perfect borrower experience. Today, that means lenders must be...
HomeXpress Debuts New X-CONNECT Broker Portal
HomeXpress Mortgage, a non-QM mortgage lender, has launched its new X-CONNECT broker portal.
The company says the tool offers a more user-centric and responsive resource...
Verity’s New Service Automates Auditing
Mortgage knowledge process outsourcing company Verity Global Solutions has launched QCWorks. The pre- and post-close audit service is enabled by an automation and client-interfacing...
MISMO Explores Market Need and Standards for ESG Initiatives
MISMO, the real estate finance industry's standards organization, is creating a new Community of Practice (CoP) focused on exploring potential standards for Environmental, Social...
Freddie Mac Reports Small Changes in Mortgage Rates
The results of Freddie Mac’s Primary Mortgage Market Survey show that the 30-year fixed-rate mortgage (FRM) averaged 2.8 percent the week ending July 29.
“As...
Applications for Refinances Jumped 9 Percent Last Week on Lower Rates
Mortgage application volume increased 5.7% on an adjusted basis during the week ended July 23, driven by a surge in refinance activity, according to...
Home Sale Profits Remain High with Unusual Fall in Q2 2021
ATTOM’s Q2 2021 U.S. Home Sales Report shows that profit margins for home sellers took an unusual dip in the second quarter but still...
Gizem Lanphar: The Big Tech Giants Have ‘Paved the Way’ to Current Borrower Expectations
The shift to an all-digital, online and “contactless” mortgage process - propelled by the pandemic - has forever altered borrowers’ expectations.
While there will always...
Credit Applications Mostly Up to Pre-Pandemic Levels
The Consumer Financial Protection Bureau has published an issue brief showing that consumer applications for new mortgages, auto loans and revolving credit cards had...