Cenlar FSB, BaseCap partner on new servicing compliance program
Cenlar FSB, the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics to pilot a...
Inflation data is good news for real estate in 2024
Today’s inflation reports show that Federal Reserve rate cuts are in play in 2024 — not because of the labor market breaking, but because real rates...
PrimeLending recruits several more top-producing LOs in Texas
PrimeLending, a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint.
Among the newly added...
Council of MLSs welcomes new board members
The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday. The MLS trade group said the new directors will...
loanDepot launches fully automated underwriting engine
California-based mortgage lender loanDepot on Tuesday announced the launch of its fully automated underwriting engine called melloNow.
The new system, which has been in beta-testing for the last several...
Copycat commission lawsuits hit the West Coast
The copycat commission lawsuits have made it to the West Coast. A home seller plaintiff in California filed an antitrust lawsuit on Friday in U.S. District...
Mortgage rates fell 67 bps in November. Production was still down 10%
In the mortgage business, November typically represents the start of the slow season. While mortgage rates cooled down significantly from October, it wasn’t enough to overcome...
Consumer prices rose moderately in November, but housing prices remain sticky
Inflation continued to edge down in November on a monthly basis, reinforcing the likelihood that the Federal Reserve holds interest rates steady at its final meeting...
Homeowners are getting worried about flood insurance costs
Homeowners are increasingly concerned with flood insurance premium hikes impacting affordability, Fannie Mae‘s latest national flood survey showed.
Despite people’s personal flooding experience, consumers have a poor...
Builders rediscover a tool from the 1980s that keeps new home prices from falling
While sellers of existing homes have struggled with rising rates and softening demand, homebuilders have not only survived, but thrived in this market thanks to the...