CoreLogic, ICE Mortgage Technology Integrate Automation Efficiencies
As part of an enterprise agreement with ICE Mortgage Technology, CoreLogic is leveraging Encompass Partner Connect across 10 fundamental CoreLogic solutions to update critical...
New Home Sales Inched Up 1 Percent in July
New home sales increased 1% in July compared with June but were down 27% compared with July 2020, according to estimates from the U.S....
Jennifer Cagle: COVID-19 Crisis Advanced Mortgage Industry Adoption of Tech by 10 Years
PERSON OF THE WEEK: The COVID-19 pandemic has impacted many aspects of the real estate and mortgage industries. Fortunately, some of its effects have...
Average Rate For 30-Year Mortgage Continues to Hover Around 3 Percent
The average rate for a 30-year, fixed-rate mortgage inched up slightly this week but remains below 3% at 2.99%, according to Freddie Mac’s Primary...
CoreLogic: Baby Boomers Staying Put Could Increase Home Inventory Challenges
According to the CoreLogic Home Price Index (HPI) and HPI Forecast for April 2021, national home prices increased 13% year over year and 2.1%...
Average Rate for 30-Year Mortgage Dips Below 3 Percent – Yet Again
Mortgage rates continued to seesaw this past week, with the average rate for a 30-year, fixed-rate mortgage dipping just below 3%, Freddie Mac’s Primary...
Mortgage Applications Tumble on Slightly Higher Rates
Mortgage application volume plummeted 4.2% on an adjusted basis during the week ended May 21, as mortgage rates edged up slightly, according to the...
First American: ‘The Long Run of Increasing Affordability Snapped’
Analysis of the March 2021 Real House Price Index (RHPI) from First American reveals that home affordability declined in 90% of the major markets...
Fannie Mae: For Mortgage Finance, Inflation Is Cause for Concern Heading Into 2022
New analysis from Fannie Mae’s Economic and Strategic Research (ESR) Group suggests that home sales in 2021 will increase 6.3 percent as the industry...
FHFA Issues First Report Related to GSE Credit Risk Transfers
The Federal Housing Finance Agency (FHFA) has completed the first phase of a process mandated in 2019 by publishing a report on the performance...
Average Rate For 30-Year Mortgage Continues to Hold at Under 3 Percent
Mortgage rates fell for a third straight week, with the average rate for a 30-year fixed-rate mortgage dipping to 2.94%, down from 2.96% last...
Early-Stage Delinquencies Continue to Improve, But Serious Delinquencies Remain a Concern
Although the overall mortgage delinquency rate remains up from a year ago, due to the economic impact of the pandemic, it continues to improve...
Louise Bright: The Importance of Having Different LO Compensation Models
PERSON OF THE WEEK: Mortgage loan originator compensation has become an increasingly complex part of the business due to regulation. As a result, more...
Will Foreclosures Surge as Forbearance Ends?
Will mortgage servicers be overwhelmed by a deluge of foreclosure filings when millions of borrowers exit their COVID-19-related forbearance plans?
Recent data suggest that the...
Welcome, Mr. Cooper
Nationstar Mortgage Holdings Inc. has officially unveiled a new brand name - Mr. Cooper - for its mortgage servicing and originations operation.
The company says...
NAR: Housing Supply at ‘Pitiful Levels’
According to the latest quarterly report from the National Association of Realtors, the national median existing single-family home price in the second quarter was...
MBA: New Home Purchases Grew 5.1% Year Over Year
Applications for mortgages for new home purchases in July decreased 12% compared with June and increased 5.1% compared with July 2016, according to the...
UWM Loan Closings: No Wet-Signing Necessary
United Wholesale Mortgage (UWM) has introduced what it says is “the nation's first virtual e-closing experience,” enabling borrowers to fulfill a full mortgage transaction...
DOJ Settles With PHH
PHH Corp., PHH Mortgage Corp. and PHH Home Loans have settled with the U.S. Department of Justice to settle allegations that they violated the...
May Delinquency Rate Lowest In Almost 10 Years
According to CoreLogic’s latest Loan Performance Insights Report, 4.5% of U.S. mortgages were in some stage of delinquency in May 2017, representing a 0.8...