Guild Mortgage Buying Cherry Creek Mortgage
San Diego-based national lender Guild Mortgage has acquired Cherry Creek Mortgage LLC, a privately held Colorado-based lender with 68 branches in 45 states.
Cherry Creek...
CoreLogic: Homeowners Gained $1 Trillion in Equity
CoreLogic’s Homeowner Equity Report (HER) for the fourth quarter of 2022 shows that U.S. homeowners with mortgages (which account for roughly 63% of all...
Rising Pending Home Sales Show Buyers Returning to Housing Market
Pending home sales fell 26% year over year during the four weeks ending January 22, the smallest drop in more than three months, according...
Black Knight Data Show Mortgage Delinquencies Decreased 8 Percent by End of 2022
Black Knight Inc. says the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 3.08% at...
Share of Mortgage Loans in Forbearance Stayed Flat in December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey reveals that the total number of loans in forbearance remained flat, at 0.70%, relative to...
Sales of Existing Homes Dropped Over 1 Percent in December 2022
Existing-home sales retreated for the eleventh consecutive month in December, according to the National Association of Realtors. Three of the four major U.S. regions...
loanDepot Integrates Black Knight LOS into mello Tech Ecosystem
loanDepot’s next generation of lending services is integrating Black Knight Inc.’s scalable, secure cloud-based Empower loan origination system (LOS). The Empower migration will complement...
MBA Reports 25 Percent Drop in New Home Mortgage Applications
The Mortgage Bankers Association's (MBA) Builder Application Survey (BAS) data for December 2022 shows mortgage applications for new home purchases decreased 25.2% compared to...
Freddie Mac Multifamily Production Volume Reaches LIHTC Record of Nearly $1 Billion
Freddie Mac Multifamily’s 2022 production volume totaled $73.8 billion, including a record of nearly $1 billion in Low-Income Housing Tax Credit (LIHTC) equity investments....
Annual Home Price Growth Declined in Past Year, Down 9.2 Percent in Q4
Single-family home prices increased at a non-seasonally adjusted annual rate of 9.2% in Q4 2022, compared to Q4 2021, down from the previous quarter's...
Freddie Mac Issued $65 Billion in Securities Through Multifamily Platform
Freddie Mac says it issued $65.1 billion of securities through its multifamily risk transfer platform in 2022. The company settled $46.5 billion in K-Deals...
Black Knight Debuts Portal to Access Central API Catalog
Black Knight Inc. has launched Developer Portal, a one-stop storefront where clients, third-party providers and their developers will have access to the company's catalog...
OrangeGrid Releases New GridSource Environment for Mortgage Servicers
OrangeGrid, a provider of mortgage servicing software, has released a new environment, GridSource, that connects all vendor types to its default suite of products...
MBA: Mortgage Credit Availability Experienced Drop at End of 2022
Mortgage credit availability decreased in December, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes...
Home Purchase Sentiment Still ‘Very Low by Historical Standards’
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 3.7 points in December to 61.0, but the index remains only slightly above its all-time...
Majority of Metro Areas Experienced Q3 Year-Over-Year Price Increases
An overwhelming majority of metro markets saw home price gains in the third quarter of 2022 despite mortgage rates that approached 7% and declining...
Foreclosures Rose Over 50 Percent from 2021 to 2022, ATTOM Reports
ATTOM has released its October 2022 U.S. Foreclosure Market Report, which shows there were a total of 32,376 U.S. properties with foreclosure filings: up...
New Construction Home Volume for Sale in Q3 Set Record High
Twenty-nine percent of U.S. single-family homes for sale in the third quarter were new construction – the highest share of any third quarter on...
Market Sees 10 Percent Drop in August for New Home Mortgage Applications
Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2022 shows mortgage applications for new home purchases decreased 10.1% compared to a...
Relocations Hit Record Highs as Homebuyers Move to More Affordable Areas
A record 32.6% of Redfin.com users nationwide looked to move from one metro to another in the second quarter, up slightly from 32.3% in...