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After decreasing 4.0% the previous week, mortgage application volume fell again, decreasing 2.1% during the week ended Aug. 19, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances decreased 3% – which is surprising, considering [Read More]

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U.S. home prices increased 1.2% on a seasonally adjusted basis in the second quarter compared with the first quarter and increased 5.6% compared with the second quarter of 2015, according to the Federal Housing Finance Agency’s (FHFA) home price index. [Read More]

Just a day after it was reported that sales of new homes had reached a nine-year high in July, the National Association of Realtors (NAR) reports that sales of existing homes fell to a seasonally adjusted annual rate of 5.39 [Read More]

Mortgage origination volume reached nearly $1.8 trillion in 2015 – an increase of about 30% compared with 2014, according to CoreLogic’s MarketPulse report. “Mortgage originations rebounded last year,” writes Molly Boesel, senior economist for CoreLogic, in the report, which shows [Read More]

Users of HomeDisclosure.com, a pre-diligence website, now have access to “death in home” data, which is used to determine, for example, whether a murder, suicide, accidental or natural death occurred at a residence before purchasing it. Such information can be [Read More]

Mortgage industry veteran Joe Hullinger has joined B2R Finance, a lender serving the needs of single-family rental (SFR) property investors, as a senior vice president (SVP). Hullinger was most recently an operations executive at Genworth Mortgage Insurance, where he directed [Read More]

The mortgage refinance market regained some ground in July. About 37% of closed loans were refinances compared with 34% in June, according to Ellie Mae’s monthly Origination Insight report. Purchases, meanwhile, lost some ground. About 62% of closed loans were [Read More]

Paul Gomez has joined Pro Teck Valuation Services in the newly created role of chief technology officer (CTO). In a release, the company says Gomez stood out as the top choice due to his past leadership and technical skills, as [Read More]

New home sales in July reached the highest level so far this year, according to estimates released by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. What’s more, the rate of new home sales in [Read More]

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From The Orb

PERSON OF THE WEEK: Sanjeev Malaney is founder and CEO of Capsilon Corp., a provider of document and data management solutions that enable mortgage lenders, investors and servicers to increase productivity and lower costs while ensuring compliance. MortgageOrb recently interviewed [Read More]

BLOG VIEW: In recent years, change has been synonymous with challenge. Although many regulatory changes have created added burdens for lenders and other mortgage industry participants, it’s important to acknowledge the changes simplifying mandatory processes. Consider, for instance, the Federal Housing [Read More]

PERSON OF THE WEEK: Bill Canfield is compliance consulting specialist with Wolters Kluwer, a firm that provides software solutions and expertise to help tax, accounting and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses, and [Read More]

BLOG VIEW: Increasingly, shopping is being done online these days – and shopping for a mortgage is no exception. Millennials, in particular, are likely to at least start the process of looking for a home loan online. As that segment [Read More]

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