Featured Mortgage News

Mortgage borrowers in the U.S. saw the equity in their homes increase by a total of $766 billion in the second quarter – an increase of 10.6% compared with the second quarter of 2016, according to CoreLogic. About 63% of [Read More]

Recent Mortgage News

As had been forecast, mortgage rates moved up slightly during the week ended Sept. 21, after hitting a new low for the year the previous week. According to Freddie Mac’s Primary Mortgage Survey, the average rate for a 30-year fixed-rate [Read More]

Existing-home sales dipped in August relative to July but were up slightly compared with August 2016, according to the National Association of Realtors (NAR). It was the fourth time in five months that existing-home sales fell, as tight inventory continued [Read More]

Refinances represented about 35% of all mortgages originated in August – flat compared with July but down considerably from about 45% in August 2016, according to Ellie Mae’s Origination Insight Report. The lowest share for this year came in May [Read More]

After increasing 9.9% the previous week, mortgage application volume decreased 9.7% during the week ended Sept. 15, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. Applications for refinances decreased 9% while applications for purchases feel 11%. The [Read More]

ValueInsured’s down payment protection solution is now integrated with LendingQB’s mortgage loan origination system, thanks to a partnership between the two companies. By making ValueInsured’s +Plus down payment protection a turnkey solution in the existing LendingQB system, lenders are able [Read More]

Black Knight has released TitlePoint version 5.0, which combines the functionality of TitlePoint and TitlePoint Xpress. With TitlePoint and TitlePoint Xpress combined into a unified offering, title companies will be able to conduct title searches, create comprehensive search packages and [Read More]

Housing starts dipped in August, due primarily to the impact of Hurricane Harvey, which struck the greater Houston, Texas, area for several days starting on Aug. 25. Housing starts nationwide were at a seasonally adjusted annual rate of 1.180 million, [Read More]

DIMONT, a provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage industry, has launched a new complimentary claims consulting service to provide claims management guidance to lenders and servicers in the aftermath of hurricanes Harvey [Read More]

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From The Orb

PERSON OF THE WEEK: Jim Vaca is vice president of vendor management operations at Altisource, a provider of software and services to the mortgage servicing industry. MortgageOrb recently interviewed Vaca to get his take on how mortgage servicers should approach [Read More]

PERSON OF THE WEEK: Corey Smith is chief operating officer of Austin, Texas-based FirstClose, provider of technology solutions to refinance and home equity lenders, as well as a vendor management system that eliminates duplicate data entry. We talked with Smith [Read More]

PERSON OF THE WEEK: Ramaj Balley is vice president of national retail lending at MiMutual Mortgage, a mortgage lender with retail and wholesale operations in more than 30 states. Balley contends that two things – technology and cultural identity – [Read More]

PERSON OF THE WEEK: Yogesh Chaudhari is senior vice president of IndiSoft LLC, an organization that develops, licenses and supports a range of software-as-a-service solutions for the financial services industry. Mortgage Orb chatted with Chaudhari to collect his thoughts on [Read More]

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