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...
Vesta, LodeStar Integrate Software Capabilities for Mortgage Lenders
Loan origination system (LOS) developer Vesta is integrating with LodeStar Software Solutions, a national provider of closing fee-related compliance tools for mortgage lenders. The...
MBA Reports Low Delinquency Rates for Commercial Mortgages in Q4 2021
Commercial and multifamily mortgage delinquencies declined in the fourth quarter of 2021, according to the Mortgage Bankers Association's (MBA) latest Commercial/Multifamily Delinquency Report.
"Commercial and...
Freddie Mac Issued $20 Billion in 2021 to Protect Single-Family Mortgages
The Credit Risk Transfer (CRT) program, part of Freddie Mac's Single-Family business, reports a 2021 CRT issuance of nearly $20 billion, protecting $828.5 billion...
Mortgage Application Volume Decreases to Lowest Point Since December 2019
Mortgage applications decreased 13.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
U.S. Market Drop of 8.1 Percent Seen for Mortgage Applications in Weekly Survey
Mortgage applications decreased 8.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
Mortgage Applications Jumped 12 Percent in Latest MBA Weekly Survey
Mortgage applications increased 12% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
loanDepot Closes Securitization of Residential Investment Property Mortgages
loanDepot Inc. has closed Mello Mortgage Capital Acceptance 2022-INV1, a $597 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its...
House Price Index Rose 17.5 Percent from Last Year, FHFA Reports
House prices rose nationwide in November, up 1.1% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA...
Buyer Fear of Rising Rates May Cause Increase in Home Purchases Before Spring
The November 2021 First American Real House Price Index (RHPI) report shows that real house prices increased 1.5% between October 2021 and November 2021,...
Even with Rising Rates, Freddie Mac Predicts Housing Will Remain Stable
Freddie Mac has predicted that the single-family housing market will remain stable in 2022 even as mortgage rates are expected to increase. A new...
Slower Housing Market Predicted for 2022 with Softening HPSI
Fannie Mae’s Home Purchase Sentiment Index (HPSI) decreased 0.5 points to 74.2 in December, as consumers continued to report substantially divergent views of homebuying...
Freddie Mac Sees Fixed-Rate Mortgage Increases
The results of Freddie Mac’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 3.22% for the week ending January...
Teachers Credit Union Selects Snapdocs to Digitize Mortgage Closings
Snapdocs Inc. has announced that Teachers Credit Union (TCU) has chosen Snapdocs to streamline and digitize the mortgage closing process for its customers.
Teachers Credit...
Latest MBA Weekly Survey Shows Mortgage Application Decrease
Mortgage applications decreased 3.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
Cherry Creek Mortgage Brings in New Leadership for Reverse Mortgage Division Expansion
Cherry Creek Mortgage, a nationwide, full-service mortgage lender, Ginnie Mae HMBS issuer and servicer of HECM reverse mortgages, has hired a new leadership team...
FHFA Announces Three Top Staff Position Changes
The Federal Housing Finance Agency (FHFA) announced three personnel updates to its executive staff.
Charles Yi is joining FHFA as its senior advisor for legal...
Freddie Mac Reports Rise in Mortgage Rates
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.14% for the...
Latest MBA Weekly Survey Shows Slight Increase in Mortgage Applications
Mortgage applications increased 0.3% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
First American Predicts Rising Rates Will Dampen House-Buying Power
First American Financial Corp. has released the August 2021 First American Real House Price Index (RHPI), which shows that real house prices increased 1.2%...