Optimal Blue: Rate Lock Volume Fell in November Despite Improving Rate Environment
Despite the improving rate environment, mortgage rate lock volume dropped 10% in November, with purchase locks falling 12%, cash-out refis remaining flat and rate/term...
Newfi Introduces Proprietary Shared Appreciation Mortgage
Newfi Lending has introduced EquityChoice, a proprietary shared appreciation mortgage.
“Newfi has created a groundbreaking new offering that meets homeowner needs for liquidity by combining...
Rate of Critical Defects in Mortgage Loans Continued to Fall in Q2
The rate of critical defects in mortgage loans post-closing continued to decrease in the second quarter, as lenders ramped-up their quality controls, according to...
Study: Fees For Title Insurance, Settlement Services Well Below Those of Other Life-of-Loan Costs
The rise in mortgage fees has been gaining a lot of attention lately but a recent analysis conducted by First American shows that title...
Freddie Mac: Average Rate for 30-Year Mortgage Drops Below 7 Percent
The average rate for a 30-year fixed-rate mortgage fell to 6.95% this week. It was the first time the average rate for a 30-year...
Cloudvirga Expands its Integration With DU to Include Early Assessment
Cloudvirga, a provider of digital mortgage point-of-sale platforms, has expanded its strategic integration with Fannie Mae’s Desktop Underwriter (DU) solution to include the newly...
Argyle’s Borrower Verifications Now Readily Available to Empower LOS Customers
Argyle, which offers automated income and employment verifications, is now integrated with the Exchange, a network of mortgage-specific service providers available to customers of...
NAR Forecasts 4.71 Million Existing-Home Sales in 2024, a 13.5 Percent Increase
Existing-home sales will reach 4.71 million in 2024, up from an anticipated 4.1 million in 2023, as mortgage rates decrease, home price appreciation slows...
Mortgage Applications Surged Last Week on Lower Rates
Mortgage application volume jumped 7.4% during the week ended December 8, as the average rate for a 30-year fixed-rate mortgage fell to 7.07%, down...
Zillow: Housing Market Continues to Improve for Buyers
Mortgage rates decreased, home price growth slowed, and housing inventory increased during the past month, leading to improved affordability, according to Zillow’s most recent...
CoreLogic Introduces New Tool to Help Mortgage Stakeholders Navigate Data
CoreLogic has introduced Market Intelligence, a new solution to empower stakeholders in the mortgage industry with the tools they need to navigate the complex...
MBA: Mortgage Credit Tightened in November as Offerings Were Reduced
Mortgage credit availability decreased 1.7% in November compared with October, falling to a score of 96.5 on the Mortgage Bankers Association’s (MBA) Mortgage Credit...
ARIVE Adds Wholesale Non-QM Lender Newfi to its Marketplace
Wholesale non-QM lender Newfi has joined ARIVE’s lender marketplace.
The strategic partnership will empower mortgage brokers with a one-stop shop mortgage experience to a wide...
ATTOM: New York and Chicago Were the ‘Most Vulnerable’ to Housing Market Declines in...
California, New Jersey and Illinois were the states most vulnerable to declines in the housing market in the third quarter, according to ATTOM’s Special...
Integration of Dark Matter’s Empower LOS and DocMagic Further Enhanced
Dark Matter Technologies has announced an enhanced integration between its Empower loan origination system and DocMagic’s document management platform by adding support for wholesale...
Home Prices Will Continue to Rise in 2024-2025, But at a Much Slower Pace
U.S. home prices will increase 2.4% in 2024 and 2.7% in 2025, a group of housing experts predict in a report from Fannie Mae.
According...
Rice Park Capital Forms New Advisory Board for Strategic Equity Investing
Rice Park Capital Management, a private investment firm, has formed an advisory board for its strategic equity investing strategy to help with market insight...
Freddie Mac Further Enhances Condo Project Advisor to Create New Efficiencies
Freddie Mac has made further enhancements to its Condo Project Advisor solution, allowing lenders of all sizes to bring greater efficiency to the financing...
Healthy Jobs Report for November Signals ‘Soft Landing’ Ahead for the Economy
The U.S. economy added 199,000 jobs in November - lower than the 12-month average but still above expectations - while the unemployment rate fell...
Equifax Partnering With NAMMBA to Meet Housing Needs of Underserved Communities
Equifax is partnering with the National Association of Minority Mortgage Brokers of America (NAMMBA) to help meet the housing needs of underserved communities.
NAMMBA partners...