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After faltering 4.8% the week prior, mortgage applications almost completely rebounded last week, gaining 4.6%, according to a report from the Mortgage Bankers Association. The refinance index also jumped 8% — hitting its highest level since mid-August. Refinances continued to hover

There are about 400,000 mortgage borrowers “needlessly delinquent” as a result of the COVID-19 pandemic who did not use available forbearance options, according to a report from the Urban Institute. These are borrowers with mortgages backed by the federal government

A resurgence of COVID-19 in the winter months, as some health experts have warned might happen, would have “tragic effects” on the health of Americans and the economy, Federal Reserve Chairman Jerome Powell warned in a speech on Tuesday. “Managing

The CoreLogic Title & Closing Solution offers an enhanced workflow designed to support lenders and vendors in the title and closing process. The Title & Closing Solution syncs order management, secures vendor communication and document transfer, encourages full compliance, and

Home buying and selling marketplace Orchard announced the launch of a digital platform, Orchard Dashboard, that enables homeowners to manage the entire real estate transaction in one place. “The traditional way of buying and selling a home has barely evolved

Real estate technology company Compass announced on Monday that it has signed a definitive agreement to acquire title and escrow software startup, Modus. The financial terms of the deal were not disclosed. Modus, based in Seattle, will merge its 60-plus

The American Land Title Association announced at its ALTA ONE conference Tuesday that it is launching its Good Deeds Foundation to provide grants and sustain efforts to strengthen communities in crisis. The foundation will help the charitable efforts of its

Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation. I know this because this is what we’ve been talking about in our industry for the past decade.

With ever-waning levels of inventory, surging homebuyer demand and bidding wars on the rise, it’s clear that sellers have the upper hand this season. And while that certainly bodes well for homeowners (hello, more profits!) that doesn’t mean every property

Gone are the days when you had to prep your home, market it and pay a costly commission to a real estate agent just to sell. Though that’s certainly still an option (and will probably net you more in profits),

Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising

When former Vice President Joe Biden first proposed his $15,000 first-time homebuyer tax credit in February, there were no U.S. deaths from COVID-19. Now that the pandemic has plunged the U.S. economy into a recession and killed more than 208,000

Trina Scott, chief diversity officer at Rock Ventures and 2020 HousingWire Woman of Influence, will speak at our HousingWire Annual event on Oct. 8. HousingWire sat down with Scott ahead of that event to get a glimpse of what she’ll

The U.S. forbearance rate measuring the share of mortgages with suspended payments fell to 6.81% in the last week of September, the lowest since mid-April, according to the Mortgage Banker Association. The rate dropped from 6.87% in the prior week,

Rich Weidel, the CEO of family-owned and operated lender Princeton Mortgage, was scared. He saw the big competitors only getting bigger. He wondered how a smaller retail-and-wholesale shop could possibly compete with the likes of Rocket Companies, with massive budgets

A consequential change in decarbonizing housing stock hasn’t been a priority in this pandemic year, but post-pandemic, it is sure to rise in importance. With nearly 40% of total U.S. energy consumption used in the residential and commercial sector, the

Following previous natural disaster recovery patterns, mortgage delinquencies are not expected to return to pre-pandemic levels until March 2022, according to a report from Black Knight. If trends persist, the data service provider estimates once the first wave of forbearances

Call it what you want – a disruption, a revolution, a transformation or perhaps a thorn in your side, there is no denying the pandemic has stirred the housing industry in all its sectors. How companies adapt and pivot while

After six weeks of steady declines, the number of mortgages in active forbearance rose by 21,000 last week, according to a new report. Though the raw number increased, the number of all mortgages in active forbearance remained at 6.8%, unchanged

Home sales in the Hamptons, the ritzy New York getaway for Wall Street titans and Hollywood celebrities, showed beginning signs of cooling off in September after a pandemic-induced boom during the summer months. Signed contracts to purchase single-family homes rose