Inventory showing signs of recovery

Inventory recovery made “major strides” in June, with the number of homes available to buyers climbing at its fastest yearly pace of all time (+18.7%). It was the second straight month of active listings growth in nearly three years…

Home asking prices are down from all-time high

The median asking price of newly-listed homes for sale is down 1.5% from the spring high, as a record-high share of sellers dropped their asking price during the four-week period ending June 26. Sellers are “ceding to the mounting…

Single-family homes less affordable in 2Q

The declining affordability narrative continues. Median-priced single-family homes and condos are less affordable in the second quarter of 2022 compared to historical averages in 97% of counties across the nation with enough data to analyze… 

Mortgage applications increased last week

Mortgage applications increased 0.7% from one week earlier for the week ending June 24, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey… 

Affordability hits lowest level since 2007

The April 2022 First American Real House Price Index (RHPI) rose by 45.6% compared with a year ago, accelerating faster than any other point in the 30-year history of the series, according to First American Chief Economist…

Couples are moving in together sooner to save on rent

More younger couples who haven’t been dating for very long are moving in together sooner in order to afford apartments, build stronger rental applications or live in their ideal neighborhoods, the New York Times reported…

California has highest share of million-dollar homes

In San Jose, Calif., 52.89% of owner-occupied homes are valued at $1 million or more—making it the only one of the nation’s 50 largest metros where a majority of owner-occupied homes are worth at least $1 million…

Home prices up 20.4% in April

Even with home prices not letting up, some markets have more homes for sale now than before the pandemic, according to a MarketWatch article that says six cities out of 50— San Francisco, San Jose, Calif., Seattle, Portland, San Antonio…

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Inventory showing signs of recovery

Inventory recovery made “major strides” in June, with the number of homes available to buyers climbing at its fastest yearly pace of all time (+18.7%). It was the second straight month of active listings growth in nearly three years…

Home asking prices are down from all-time high

The median asking price of newly-listed homes for sale is down 1.5% from the spring high, as a record-high share of sellers dropped their asking price during the four-week period ending June 26. Sellers are “ceding to the mounting…

Single-family homes less affordable in 2Q

The declining affordability narrative continues. Median-priced single-family homes and condos are less affordable in the second quarter of 2022 compared to historical averages in 97% of counties across the nation with enough data to analyze… 

Mortgage applications increased last week

Mortgage applications increased 0.7% from one week earlier for the week ending June 24, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey… 

Affordability hits lowest level since 2007

The April 2022 First American Real House Price Index (RHPI) rose by 45.6% compared with a year ago, accelerating faster than any other point in the 30-year history of the series, according to First American Chief Economist…

Couples are moving in together sooner to save on rent

More younger couples who haven’t been dating for very long are moving in together sooner in order to afford apartments, build stronger rental applications or live in their ideal neighborhoods, the New York Times reported…

California has highest share of million-dollar homes

In San Jose, Calif., 52.89% of owner-occupied homes are valued at $1 million or more—making it the only one of the nation’s 50 largest metros where a majority of owner-occupied homes are worth at least $1 million…

Home prices up 20.4% in April

Even with home prices not letting up, some markets have more homes for sale now than before the pandemic, according to a MarketWatch article that says six cities out of 50— San Francisco, San Jose, Calif., Seattle, Portland, San Antonio…

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#MortgageTechBits

Sales Boomerang, Mortgage Coach merge

Borrower intelligence and retention system firm Sales Boomerang has merged with Mortgage Coach, a platform empowering mortgage lenders to educate borrowers with interactive home loan presentations. SaaS executive Richard Harris has been appointed CEO. Sales Boomerang...

Mid America offers eNotes to non-delegated correspondents

Mid America Mortgage, Inc. will offer eNotes capabilities via its wholesale channel to enable non-delegated correspondents to operate more efficiently and competitively as they make the transition from mortgage broker to banker, the company announced.  Through...

RiskSpan enhances Edge Platform

Data and analytics firm RiskSpan announced new enhancements to its Edge Platform.  Burnout metrics offers MBS traders and investors access to a proprietary, cumulative burnout metric that quantifies the extent to which a defined pool of mortgages has...

CME Group to offer 30-year UMBS TBA futures contracts

CME Group, a derivatives marketplace, announced it will expand its suite of long-term interest rate products to offer a 30-Year Uniform Mortgage-Backed Securities (UMBS) TBA futures contracts on October 3, pending regulatory review. "Our new 30-Year UMBS TBA...

Vesta, LodeStar integrate to provide automated closing costs

Loan origination system developer Vesta announced an integration with LodeStar Software Solutions, a national provider of closing fee-related compliance tools for mortgage lenders. The new integration, which takes advantage of Vesta’s first-class open APIs,...

Lender Price enhances Broker Marketplace platform

Technology provider Lender Price announced the release of Marketplace 2.0, a major enhancement to their Broker Marketplace platform, one of the largest communities of wholesale brokers in the mortgage industry. Created to match lenders with mortgage brokers looking to...

Lower.com launches cash offer program

Fintech Lower.com launched its new cash offer program, MortgagePass, designed to help customers make cash offers while continuing to work with their preferred real estate professional.  “All too often, customers are forced to unhook from their agents or pay an...

OpenClose integrates DataVerify DRIVE

Mortgage software solution fintech OpenClose® announced that it has integrated its LenderAssist™ loan origination system with the DataVerify® DRIVE® platform to seamlessly validate borrower-provided data. LenderAssist users can initiate a...

Next Moves

Tobi Libbra named VP of production at FirstTrust

Tobi Libbra has been appointed vice president of production at FirstTrust. Before joining the company she was national sales director for the Knowledge Coop, a position she held since September 2021. Prior to the Knowledge Coop, Libbra worked for IL Group / IL Group...

Brandy Phillips named chief of staff to president & CEO at TDECU

Brandy Phillips has been appointed chief of staff to president & CEO at TDECU (Texas Dow Employees Credit Union). Phillips joined TDECU in 2011 as fulfillment manager. During her 11 years with the company, she has held roles that include director - mortgage...

Loralynne Ball joins Keller Mortgage

Loralynne Ball has been named Head of National Retail Sales for Keller Mortgage. Prior to Keller Mortgage she worked for VanDyk Mortgage Corporation for 12 years, most recently as Sr. Vice President of National Sales. Loralynne is an industry veteran with over 30...

Carissa Orozco joins Stavvy as strategic account director

Carissa Orozco has been appointed strategic account director at fintech provider Stavvy. Before joining the company, Orozco was director of strategic partnerships at ReverseVision. Orozco's mortgage career spans over 15 years. During that time, she has held roles with...

Stephanie McInturff joins Stronghill Capital

Stephanie McInturff has been appointed SVP of mortgage operations and technology at Stronghill Capital. Before joining the company she was SVP of operations at Wesley Mortgage. McInturff has been in the mortgage industry for over two decades. During that time she has...

Shannon Santos named EVP at Data Solutions by Informative Research

Shannon Santos has been appointed executive vice president at Data Solutions by Informative Research. She was previously senior vice president of business development. Santos joined Informative Research in 2006 as vice president of national accounts. Data Solutions by...

Shelby Hall joins Kind Lending as marketing specialist

Shelby Hall has been named marketing specialist at Kind Lending. She was previously marketing specialist at Fairway Wholesale Lending. Before joining the mortgage industry, Hall worked for cloud email security solutions provider Zix.

Jennia Taylor joins Citi as AVP, DEI/ESG communications manager

Jennia Taylor has been appointed AVP, DEI/ESG communications manager at Citi. Before joining Citi, Taylor was senior communications associate at JPMorgan Chase. Taylor joined JPMorgan Chase as consumer bank direct and digital marketing execution analyst in 2018 after...

Marianne Kozak joins FGMC

Marianne Kozak has been appointed EVP - head of TPO production (wholesale and correspondent) at First Guaranty Mortgage Corporation (FGMC). Kozak is an industry veteran with decades of mortgage industry experience. Before joining FGMC, she was vice president -...

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