News

Borrowers looking to refinance their VA and FHA loans contributed to another uptick in mortgage applications for the week ending Dec. 18, according to the latest report from the Mortgage Bankers Association. Mortgage applications jumped 0.8% a week after the 30-year

New York-based mortgage lender InterContinental Capital Group plans to make a big investment in Charlotte, North Carolina. The lender will add 500 jobs in Charlotte over the next five years as a part of a $5.8 million capital investment, North

The next time you apply for a mortgage, or your lender services that loan or sells it on the secondary market, you might be helping to disrupt an industry. That’s because the entire transaction, or at least parts of it,

The Federal Housing Finance Agency (FHFA) took another step in its quest to remove Fannie Mae and Freddie Mac from conservatorship on Tuesday, seeking public comment on a rule that would require Fannie Mae and Freddie Mac to develop plans

In recent articles, I have written that although current sales data for the U.S. housing market has outperformed expectations, I expected these upward trends to moderate. Growth in home sales in recent months, I proposed, was primarily due to the

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation, and to accelerate the development of its growing charter school network. The investment will also aide in the development of adjacent affordable housing and health clinics in

The housing and mortgage industry welcomed yesterday’s announcement of a second round of stimulus payments to citizens, set at $600 per person and potentially arriving as early as next week, according to Treasury Secretary Steven Mnunchin. But representatives also called

Adoption of remote online notarization soared 547% in 2020, according to a new survey from the American Land Title Association of major vendors working in the RON space. The increase in adoption is largely due to protocols related to the

Mortgage title insurance premiums surged by 17.6% year-over-year in the third quarter this year to $5.1 billion, according to the latest market share analysis from the American Land Title Association. This surge was up substantially even from the 8% increase

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. There’s a lot of red tape, a ton of moving parts and, worse yet, dozens of terms and phrases you’ve probably never even

Existing home sales decreased 2.5% in November, ending the five-month streak of month-over-month gains, to a seasonally adjusted annual rate of 6.85 million, according to a report from the National Association of Realtors on Tuesday. Compared to last November, home

Digital closings firm Qualia announced Monday that it had reached unicorn status with a fresh infusion of venture capital. And for good measure, it also announced that it had acquired a rival in the title and escrow software space. Qualia

Comparing single-family houses vs. townhouses can be difficult. What is the right fit for your home purchase? That depends on a whole host of factors — things like your budget, your need for space and privacy, and your penchant for

The U.S. forbearance rate measuring the share of mortgages with suspended payments increased for the second time in nearly six months from 5.48% to 5.49%, according to the Mortgage Bankers Association. According to Mike Fratantoni, MBA’s senior vice president and chief economist, more

Ten days ahead of the latest expiration date, the Department of Housing and Urban Development announced that the Federal Housing Administration is providing a two-month extension of its foreclosure and eviction moratorium, and initial forbearance requests through Feb. 28, 2021.

After nearly 40 million people became unemployed by May because of COVID-19, the housing industry, borrowers and the Federal Reserve quickly realized that without ample aid, things could quickly turn sour. However, servicers leveraged the lessons learned from the last

Private equity investment firm Thoma Bravo will acquire proptech company RealPage in a transaction valued at approximately $10.2 billion, including net debt, according to a release. The transaction, which was unanimously approved by the RealPage board of directors, is expected

A second round of stimulus checks will be sent directly to citizens beginning next week, according to Treasury Secretary Steven Mnuchin. The $900 billion stimulus package negotiated by Congress over the weekend will include $600 individual stimulus checks for those making under

Headed into 2021, the American Land Title Association announced the promotion of six of its staff members to new leadership positions. “I am incredibly proud of this team and thrilled to have the opportunity to work with such a talented

The economic hardships wrought by the coronavirus pandemic will be long-term, and millions of renters and homeowners alike could take a serious hit in the upcoming months, affordable housing experts said on a recent webinar hosted by Freddie Mac. Despite