Mortgage Rates Fell For Third Straight Week
Mortgage rates decreased for a third straight week, with the average rate for a 30-year, fixed-rate mortgage dropping to 2.88%, down from 2.90% last...
Mortgage Applications Jumped 16 Percent as Rates Fell
Mortgage application volume spiked 16.0% on an adjusted basis during the week ended July 9, as the average rate for a 30-year fixed rate...
Joe Ludlow: Lenders Need Knowledge and Expertise to Capitalize on the Purchase Market
As the refinance segment approaches the saturation point, and mortgage rates gradually begin to rise, mortgage lenders are shifting their focus to the purchase...
Churchill Mortgage Heading to Milestone in Pacific Northwest Lending Region
Churchill Mortgage, a conventional, FHA, VA and USDA lender, says its Pacific Northwest division is on track to surpass $1 billion in annual loan...
Mortgage Technology Pioneer Tim Anderson Returns to Evolve Mortgage Services
Tim Anderson has joined Evolve Mortgage Services, a provider of onshore outsourced mortgage services, as executive vice president, director e-mortgage strategy.
A thought leader and...
Louis Zitting: Understanding What Today’s Borrowers are Thinking
PERSON OF THE WEEK: With borrower protections set to end in the months ahead, mortgage servicers continue to brace for a potential wave of...
Decrease in U.S. Treasury Yields Causes Mortgage Rates to Drop
Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending July 8 reveals that the 30-year fixed-rate mortgage (FRM) averaged 2.9 percent with...
AccountChek Now Available in Encompass
FormFree’s AccountChek 3n1 asset, income and employment verification service is available in the Encompass mortgage origination platform from ICE Mortgage Technology.
The seamless API integration...
‘Homebuyers and Refinance Borrowers Still Have an Opportunity’ as Mortgage Rates Fall
Mortgage rates decreased this week, with the average rate for a 30-year, fixed-rate mortgage falling eight basis points to 2.90%, down from 2.98% the...
U.S. Economy Added 850K Jobs in June But Unemployment Still at 5.9%
The U.S. economy added about 850,000 jobs in June, however, the unemployment rate was little changed at 5.9%, according to the U.S. Bureau of...
Jay Arneja: How Lenders Can Accelerate Their E-Mortgage Strategies
PERSON OF THE WEEK: Traditional closing practices and paper-based post-closing workflows are fast becoming relics of a bygone era. Lenders that fail to embrace...
Mortgage Applications Fell Again Last Week
Mortgage applications dipped 1.8% on an adjusted basis during the week ended July 2, while the average rate for a 30-year, fixed-rate mortgage fell...
Evolve Mortgage Services Finalizes E-Notary Seal Acquisition
Evolve Mortgage Services, a provider of on-shore outsourced mortgage services, has closed its acquisition of E-Notary Seal LLC, which enables mortgage borrowers to remotely...
Pending Home Sales Jumped 8 Percent in May
Pending home sales surged in May, increasing 8% compared with April and up 13.1% compared with May 2020, according to the National Association of...
CFBank Getting Out of Consumer-Direct Mortgage Lending Business
CFBank, the wholly owned banking subsidiary of CF Bankshares Inc., is ceasing its direct-to-consumer (DTC) mortgage lending activities and instead focusing on retail loan...
Mortgage Application Volume Fell Nearly 7 Percent
Mortgage application volume tumbled 6.9% on an adjusted basis during the week ended June 25, as rates increased slightly, according to the Mortgage Bankers...
Omar Jordan: Home Equity Lending Set to Surge as Homeowners Mostly Stay Put
PERSON OF THE WEEK: Due to rapidly rising home prices, homeowners have amassed considerable home equity during the past year. And they are increasingly...
CoreLogic Acquiring ClosingCorp
CoreLogic has inked a definitive merger agreement to acquire all outstanding shares of ClosingCorp, a company that provides intelligence and digital solutions that streamline...
SWBC Mortgage Opens a Number of New Offices
SWBC Mortgage Corp. has completed a territorial expansion that added 10 newly licensed branches, including new locations in the Pacific Northwest and Pennsylvania.
The company’s...
Angel Oak Expands with New Locations in Colorado and Mississippi
Angel Oak Home Loans, a full-service retail mortgage lender, has opened two new branches in Centennial, Colo., and Natchez, Miss.
Michael Chabot, VP, licensed area...