MBA: Mortgage Applications Decreased Slightly Last Week Despite Dip in Rates
Mortgage application volume shrank 0.6% during the week ended March 29, as the average rate for a 30-year fixed-rate mortgage dipped to 6.91%, down...
ATTOM: Home Prices Rising Faster Than Wages, Making Homeownership a ‘Pipe Dream’ for Many
Home prices are rising faster than wages in half the U.S., a report from ATTOM shows.
And while the portion of wages needed for homeownership...
MMI Taps Ryan Minard as Senior Sales Engineer
Ryan Minard is the new senior sales engineer for Mobility Market Intelligence (MMI), offering data intelligence and market insight tools for the mortgage and...
Xactus Hires Thomas Gallucci as EVP, Strategic Sales
Thomas Gallucci has joined Xactus, a provider of borrower verification solutions for the mortgage industry, as executive vice president, strategic sales.
Gallucci has nearly 20...
Homeowners Have Zero Incentive to Upsize in This Current Housing Market
With mortgage rates now well above 6.5% and home prices rising to all-time highs due to lack of inventory, first-time homebuyers are getting discouraged...
The Leadership Imperative: Creating Adaptable Teams
BLOG VIEW: In a fast-moving industry, being prepared is never enough. It doesn’t take a large disruptor - in the environment, the company, or...
Redfin: Median Down Payment Up 24.1 Percent Year-Over-Year in February
Faced with higher mortgage rates and rising home prices, homebuyers made larger down payments in February, with the median down payment rising to $55,640,...
Mortgage Rates Decrease Slightly, Helping Some Prospective Homebuyers
Mortgage rates decreased slightly this week, with the average rate for a 30-year fixed-rate mortgage falling to 6.79%, down from 6.87% last week, according...
Planet Home Lending Adds Andy Insua as Regional Sales Manager, Southeast
Andy Insua has joined Planet Home Lending as regional sales manager for the Southeast.
Insua has a diverse financial services background in consumer finance, commercial...
MBA: Homebuyer Affordability Declined in February
The national median payment applied for by purchase applicants increased to $2,184 in February, up 2.4% from $2,134 in January, according to the Mortgage...
NAR: Pending Home Sales Increased 1.6 Percent in February
Pending home sales increased 1.6% in February compared with January but were down 7.0% compared with February 2023, according to the National Association of...
U.S. Home Prices Dipped 0.1 Percent in January, According to FHFA’s Home Price Index
U.S. home prices fell 0.1% in January compared with December, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly home price index,...
Mortgage Applications Decreased Last Week Despite Drop in Rates
Mortgage application volume decreased 0.7% during the week ended March 22, despite a slight decrease in mortgage rates that brought the average rate for...
Bindiya Jain: To Personalize Offerings, Mortgage Lenders Should Look at Both Credit and Property...
PERSON OF THE WEEK: Mortgage lenders are struggling in this challenging market. As a result, many are turning their focus on their existing customers...
Redfin: New Listings Continue to Increase, Bringing Some Buyers Back to Market
The total number of U.S. homes for sale climbed 5% during the four weeks ended March 17, the biggest year-over-year uptick since May 2023,...
Fannie Mae: Mortgage Rates Likely to Remain ‘Higher for Longer’
Mortgage rates will likely remain “higher for longer” than previously forecast, according to Fannie Mae’s Economic and Strategic Research (ESR) Group.
Because the job market...
Floify Introduces Per-Loan Pricing Option for Mortgage Lenders
Mortgage point-of-sale (POS) solutions provider Floify has launched Lender Edition, a flexible per-loan pricing option for mortgage lenders.
Floify Lender Edition is the counterpart to...
ATTOM: 2023 Not a Good Year for Home Flipping
As most would expect, last year was a disappointing year for home flipping, as affirmed by ATTOM’s 2023 U.S. Home Flipping Report.
The firm’s data...
Truv Verifications Soon to be Available Through Fannie Mae’s Desktop Underwriter
Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, is now a conditionally authorized report supplier...
Forta Solutions Reports First Warehouse Loan Funded Through its Agility Platform
Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which...