Home prices fall, but equity levels remain strong

There are also many markets where annual price growth isn’t just slowing, but prices are downright falling—and poised to fall further. Still, the drops aren’t likely to impact equity gained during the pandemic, said...

Tech layoffs could hurt the housing market, experts say

The Hill reports that tech layoffs could force sales, damage buyer confidence and prompt smaller down payments, even from still-employed buyers. “The housing market is fueled by confidence, affordability, and most importantly, jobs…

Would-be buyers choose to rent single-family homes instead

As buyers continue to shy away from home purchases, many are turning to renting single-family homes. Nationally, it cost $888 a month more to buy an entry-level single-family home than to rent it. Add inflation into the mix, and the…

Mortgage applications rise again

Mortgage applications were up 2.2% for the week ending November 18. The Mortgage Bankers Association’s (MBA) Market Composite Index rose 2.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis…

Single-family home sales pick up in October

Sales of new U.S. single-family homes rose—unexpectedly—in October in the face of still-high mortgage rates and home prices. The latest Commerce Department report showed that new home sales rebounded 7.5% to a seasonally adjusted…

Pending home sales post record drop in October

A new report from Redfin showed pending sales fell 32.1% year over year. That marks the largest decline in Redfin’s history of tracking the data since 2013. Last month saw a 24% year-over-year decline in new listings. This is the “steepest decrease…

Your grocery store may be impacting your home values

Homes near a Trader Joe’s saw an average 5-year home price appreciation of 49%. Homes near a Whole Foods saw an average appreciation of 45%, and ALDI was up slightly at 58%. The average value for homes near a Whole Foods is…

Ribbon lays off 85% of staff

Business Insider reported that company executives sent emails announcing the layoffs to each affected employee. A spokesperson told the outlet that “After today, Ribbon will be a company of less than 30 people…

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EXEC SPOTLIGHT

Home prices fall, but equity levels remain strong

There are also many markets where annual price growth isn’t just slowing, but prices are downright falling—and poised to fall further. Still, the drops aren’t likely to impact equity gained during the pandemic, said...

Tech layoffs could hurt the housing market, experts say

The Hill reports that tech layoffs could force sales, damage buyer confidence and prompt smaller down payments, even from still-employed buyers. “The housing market is fueled by confidence, affordability, and most importantly, jobs…

Would-be buyers choose to rent single-family homes instead

As buyers continue to shy away from home purchases, many are turning to renting single-family homes. Nationally, it cost $888 a month more to buy an entry-level single-family home than to rent it. Add inflation into the mix, and the…

Mortgage applications rise again

Mortgage applications were up 2.2% for the week ending November 18. The Mortgage Bankers Association’s (MBA) Market Composite Index rose 2.2% on a seasonally adjusted basis from one week earlier. On an unadjusted basis…

Single-family home sales pick up in October

Sales of new U.S. single-family homes rose—unexpectedly—in October in the face of still-high mortgage rates and home prices. The latest Commerce Department report showed that new home sales rebounded 7.5% to a seasonally adjusted…

Pending home sales post record drop in October

A new report from Redfin showed pending sales fell 32.1% year over year. That marks the largest decline in Redfin’s history of tracking the data since 2013. Last month saw a 24% year-over-year decline in new listings. This is the “steepest decrease…

Your grocery store may be impacting your home values

Homes near a Trader Joe’s saw an average 5-year home price appreciation of 49%. Homes near a Whole Foods saw an average appreciation of 45%, and ALDI was up slightly at 58%. The average value for homes near a Whole Foods is…

Ribbon lays off 85% of staff

Business Insider reported that company executives sent emails announcing the layoffs to each affected employee. A spokesperson told the outlet that “After today, Ribbon will be a company of less than 30 people…

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#MortgageTechBits

Logan Finance implements OptifiNow TPO

Non-QM lender Logan Finance announced the implementation of the OptifiNow TPO, a CRM platform designed for wholesale lenders.  OptifiNow TPO provided Logan Finance with the ability to rapidly scale their wholesale team and quickly roll out mass marketing...

Reliance Global partners with Eastern Union Funding

Reliance Global Group, Inc., which combines artificial intelligence with the personalized experience of a traditional insurance agency, announced that it has entered into a referral partnership with Eastern Union Funding, LLC, a provider of commercial real estate...

All In Credit Union integrates with Black Knight Empower LOS

All In Credit Union has signed a contract to implement Black Knight loan origination system Empower.  The credit union said it “placed robust automation above all else” in its search for a new LOS to provide exceptional service for borrowers and to help...

Morty expands affordable loan options

Morty has expanded its marketplace with FHA loans to better meet the affordability needs of homebuyers in the current market. The online marketplace, which aims to be a single point of access to home financing, has launched a range of new loan options and...

Homepoint launches new HELOC

Wholesale lender Homepoint launched its new Home Equity Line of Credit in 38 states and Washington, D.C., available through its network of mortgage broker partners. The company plans to expand the list of HELOC-eligible states in the coming months. The Homepoint...

BluPeak Credit Union to integrate with Empower LOS

San Diego-based BluPeak Credit Union has signed a contract to implement Black Knight’s Empower loan origination system and its suite of integrated solutions to help automate the processing of loans and to elevate the borrowing experience for its members. BluPeak has...

Next Moves

Linda Vo achieves CMB designation

Linda Vo has obtained the certification of Certified Mortgage Banker (CMB) from the Mortgage Bankers Association. Vo is national strategic partnerships at FBC Mortgage. She has extensive experience in mortgage lending, and has worked with companies that include Citi,...

Jackie Oliver joins Sagent

Jackie Oliver has been named SVP risk & change management at Sagent. Before joining the company, she was SVP/associate general counsel for Mr. Cooper, a position she held for nine years. Oliver's career also includes work as associate general counsel at Fannie Mae.

Shannon Baldwin joins Percy AI

Shannon Baldwin has been named VP, marketing at Percy AI. She was previously VP of marketing at Mortgage Coach. Baldwin brings over a decade of mortgage industry experience. Before her tenure at Mortgage Coach, she was with corporate event manager with Optimal Blue, a...

Heidi Belnay joins Blend

Heidi Belnay has been appointed to the role of account partner - strategic (non-bank) at Blend. She was previously partnership manager at Reggora. Belnay brings nearly a decade of mortgage and housing industry experience to her new role. Prior to her work with...

Lisa Wagenheim joins Movement Mortgage

Lisa Wagenheim has been named deputy general counsel, systems implementation at Movement Mortgage. Before joining the company, she was general counsel at Level Capital. Wagenheim held executive roles at loanDepot for nearly three years, and at Caliber Home Loans for...

Victoria DeLuce joins Delmar Mortgage

Victoria DeLuce has been appointed SVP, business development for Delmar Mortgage. Before joining the company, she was EVP, capital markets & growth at Princeton Mortgage, a position she performed concurrently with her role as EVP, capital markets & wholesale...

Guaranteed Rate names Regina Lall chief compliance officer

Regina Lall has been appointed to the role of chief compliance officer at Guaranteed Rate. She was previously senior vice president, chief AML officer for the company. Lall has been with Guaranteed Rate for over seven years. She joined the company in 2015 as director...

Bobbi MacPherson joins Spring EQ

Veteran mortgage executive Bobbi MacPherson has been appointed VP credit policy and vendor management for Spring EQ LLC, a technology-based originator of nationwide loan products. Before joining the company, MacPherson was SVP credit management for AmeriSave Wholesale...

Kristi Canler joins Cardinal Financial

Kristi Canler has been named VP, regional manager for Cardinal Financial Company, Limited Partnership. She takes this role after over nine years with Caliber Home Loans. Canler joined Caliber in 2013 as AVP, divisional retail underwriting manager. During her tenure...

DeeAnn Carr joins Allied Solutions

DeeAnn (Justice) Carr has been appointed to the position of 2nd VP, Client Experience Account Management Real Estate for Allied Solutions. Before joining the company, Carr had been with Proctor Loan Protector in the role of regional vice president, client relations...

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