Veteran mortgage industry executive Jerry Halbrook has been named CEO of Lender Price, a provider of digital mortgage lending technology. In addition, the firm has received a new round of venture capital funding to expand its capacity. Halbrook has nearly [Read More]
U.S. home prices increased 0.5% in July compared with June and were up 6.2% compared with July 2016, according to Black Knight’s home price index report. However, home price appreciation showed signs of slowing in July, according to the mortgage [Read More]
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]
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]
More than 6,700 new 30-day delinquencies can be attributed to the storm, mortgage software, data and analytics firm says.
Construction-to-permanent loans are regaining popularity as a solution to the pesky problem of “little-to-no-inventory.”
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]
The risk of fraud in mortgage applications increased 16.9% in the second quarter compared with the second quarter of 2016, according to CoreLogic’s Mortgage Fraud Report. The increase is expected because applications for purchases now make up a greater share [Read More]
Report: Foreclosure starts in the area had increased 28%, year over year, as of August.
Mortgage lenders know the risk they take if they fail to comply with the new regulations and guidelines put in place since the financial crisis. But because the mortgage process is becoming so automated, most lenders are now beholden to [Read More]
Mortgage industry veteran Jay Murphy has joined Mortgage Network as a loan officer serving the Greater Boston area. Murphy has more than 10 years of mortgage banking experience. He has worked primarily in the Boston area and the Greater New [Read More]
Understandably, there aren’t a whole lot of folks who would want to go home shopping and/or apply for a mortgage in coastal Texas or south Florida as a major hurricane was making landfall. Nor would they want to do so [Read More]
In an effort to put a stronger focus on its expertise, transparency and customer service, WR Starkey Mortgage has rebranded itself to Certainty Home Loans. The rebrand, which is set to launch on Oct. 2, includes a new customer centric [Read More]
The Federal Housing Finance Agency (FHFA) recently announced that it is, once again, extending the Home Affordable Refinance Program – this time for another 15 months through Dec. 31, 2018. The program, which was set to end on Sept. 30, has been [Read More]
Nonprofit trade organization formed to grow and highlight the existing culture of technology-driven financial services in Detroit.