FAM Increases Loan Limits to Aid Borrowers with Rising Home Prices
Finance of America Mortgage LLC (FAM), a Finance of America Companies Inc. mortgage originations subsidiary, has announced an interim increase in estimated 2022 conforming...
Virginia Housing, Black Knight Renew Contract for MSP Servicing System
Virginia Housing has renewed its contract to use Black Knight Inc.’s MSP servicing system. Virginia Housing has been a Black Knight client for 25...
Black Knight Releases Tools for Mortgage Lenders and Brokers
To help improve marketing performance for mortgage lenders' wholesale divisions, Black Knight Inc. has launched a new broker portal and a smart broker assignment...
Share of Mortgage Loans in Forbearance Decreases by Less Than 1 Percent
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey has revealed that the total number of loans now in forbearance decreased by...
Ocwen Financial, Reverse Mortgage Solutions Close on Servicing Platform Sale
Ocwen Financial Corp.’s wholly-owned subsidiary, PHH Mortgage Corp., has completed the previously announced transaction with Reverse Mortgage Solutions Inc. (RMS) and its parent, Mortgage...
Mortgage Rates Rise Above Three Percent
The results of Freddie Mac’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 3.01%.
“Mortgage rates rose across all loan...
Commercial and Multifamily Mortgage Debt Increased in Q2 2021
The level of commercial/multifamily mortgage debt outstanding increased by $60.7 billion (1.5%) in the second quarter of 2021, according to the Mortgage Bankers Association's...
FHFA House Price Index Up Nearly 20 Percent from Last Year
House prices rose nationwide in July, up 1.4% from the previous month, according to the latest Federal Housing Finance Agency House Price Index (FHFA...
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 -...
Freddie Mac Survey Shows Little Change in Mortgage Rates
The results of Freddie Mac’s Primary Mortgage Market Survey (PMMS) show that the 30-year fixed-rate mortgage (FRM) averaged 2.88% for the week ending...
PennyMac Incorporates Encompass Investor Connect into Technology Stack
ICE Mortgage Technology, part of Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure, has partnered with PennyMac Loan Services LLC,...
Nearly 20 Percent Decrease in August New Home Purchase Mortgage Applications
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for August 2021 shows mortgage applications for new home purchases decreased 17% compared from...
Redfin: Home Sales Down 6 Percent Year Over Year, Prices Keep Rising
According to a new report from Redfin, the national median home-sale price rose 16% year over year to $380,271 in August, marking the 13th...
Black Knight Introduces Loan Origination System for Mortgage Brokers
Black Knight Inc. has launched LoanCatcher, a loan origination system (LOS) designed specifically for the needs of mortgage brokers. Entirely cloud-based, LoanCatcher gives brokers...
Share of Mortgage Loans in Forbearance Decreases by 15 Basis Points
The Mortgage Bankers Association's (MBA) latest Forbearance and Call Volume Survey has revealed that the total number of loans now in forbearance decreased by...
Cash-Out Refinance Volume Continued to Rise in August
Overall rate locks were up 1.3% in August compared with July, driven by a 7.6% increase in cash-out refinance activity, according to Black Knight’s...
MBA Weekly Survey Shows Mortgage Applications Decrease
Mortgage applications decreased 1.9% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week...
Consumers Seem More Optimistic About Home Buying
Fannie Mae reveals that the Home Purchase Sentiment Index (HPSI) was largely unchanged in August, decreasing 0.1 points to 75.7, as survey respondents tempered...
Latest MBA Weekly Survey Shows Mortgage Application Decrease
Mortgage applications decreased 2.4% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week...
CoreLogic Decade in Review Report Shows Shifting Market Dynamics
CoreLogic’s Investor Homebuying report highlights home U.S. purchase trends between 2011 and 2020. In the report, CoreLogic investigates activity nationally by both price tier...