Existing-home sales drop in May in the 4th month of declines

Existing-home sales in May were down 3.4% from April, the fourth straight month of declines, and 8.6% from one year ago. May sales fell to a seasonally adjusted annual rate of 5.41 million. Month-over-month sales declined in three out of four…

Nearly half of homebuyers purchased homes site unseen

The hot housing market is more competitive than ever, leading people to make faster decisions on home purchases and even, in many cases, buy a house sight unseen. nearly half (47%) of consumers who bought a home in the past…

How the Fed plans to “reset” the housing market

Last week, Federal Reserve Chair Jerome Powell finally elaborated on how its desire to combat inflation might help halt the housing market. Powell was quoted as saying that buyers need “a bit of a reset.”…

LGBTQ+ community face more barriers to homeownership

While many would-be homebuyers are struggling with the current market dynamics, one group is being hit harder than most. The rapid rise in the cost of a home has made it more challenging for members of the LGBTQ+ community…

Cali home sales drop below pre-pandemic levels

Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…

Closings down year-over-year in May, but up from April

Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…

Q1 title insurance premium volumes up from a year ago

The title insurance industry generated $5.89 billion in title insurance premiums during the first quarter of 2022 compared to $5.68 billion during the same period a year ago, according to the American Land Title Association’s (ALTA’s) latest…

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Existing-home sales drop in May in the 4th month of declines

Existing-home sales in May were down 3.4% from April, the fourth straight month of declines, and 8.6% from one year ago. May sales fell to a seasonally adjusted annual rate of 5.41 million. Month-over-month sales declined in three out of four…

Nearly half of homebuyers purchased homes site unseen

The hot housing market is more competitive than ever, leading people to make faster decisions on home purchases and even, in many cases, buy a house sight unseen. nearly half (47%) of consumers who bought a home in the past…

How the Fed plans to “reset” the housing market

Last week, Federal Reserve Chair Jerome Powell finally elaborated on how its desire to combat inflation might help halt the housing market. Powell was quoted as saying that buyers need “a bit of a reset.”…

LGBTQ+ community face more barriers to homeownership

While many would-be homebuyers are struggling with the current market dynamics, one group is being hit harder than most. The rapid rise in the cost of a home has made it more challenging for members of the LGBTQ+ community…

Cali home sales drop below pre-pandemic levels

Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…

Closings down year-over-year in May, but up from April

Closings in May were 8.5% lower than May 2021, despite the month typically being a strong sales month during spring home buying season. Closings did, however, climb 5.8% over April. That month-over-month increase was approximately…

Q1 title insurance premium volumes up from a year ago

The title insurance industry generated $5.89 billion in title insurance premiums during the first quarter of 2022 compared to $5.68 billion during the same period a year ago, according to the American Land Title Association’s (ALTA’s) latest…

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#MortgageTechBits

MCT launches new MSR pricing platform

Mortgage hedge advisory Mortgage Capital Trading (MCT) announced a new technology for mortgage servicing rights buyers to produce more granular pricing for mortgage servicing. The feature leverages an API to connect MSRlive!, MCT’s MSR valuation platform, to clients’...

GoDocs releases checklist for automated document prep systems

GoDocs announced the release of a checklist for anyone considering investing in an automated document preparation system. The checklist provides an easy way to comprehensively evaluate different systems and choose the right solution that will help companies achieve...

IDEAL AGENT launches cash program

Real estate services provider IDEAL AGENT has launched its new cash offer program for home sellers.  The company helps sellers get multiple cash offers through its network of investors. IDEAL AGENT proprietary technology provides numerous options when selling,...

Plunk unveils new home valuation and data tools

Plunk, the real-time analytics platform for residential real estate, announced the launch of its new home valuation and market data tools Plunk Home Value™, Home Ticker, and Market Insights.  Plunk Home Value provides an up-to-the-minute estimated value...

Realogy rebrands to Anywhere Real Estate Inc.

Realogy (Realogy Holdings Corp.) has completed its corporate rebrand to Anywhere Real Estate Inc. Shares of the company's common stock are trading on the New York Stock Exchange under the ticker symbol, "HOUS".  The company’s rebrand was part of its strategic...

Mortgage Markets CUSO integrates with Mortgage Coach

Mortgage Markets CUSO, LLC has integrated borrower-conversion platform Mortgage Coach to help the company grow mortgage lending engagement at credit unions it serves. A subsidiary of Connecticut-based Finex Credit Union, Mortgage Markets CUSO is a credit union service...

VanDyke Mortgage integrates Black Knight solutions

National mortgage banker VanDyke Mortgage Corp. will integrate the Black Knight MSP loan servicing system to support its growing servicing operations, Black Knight announced, along with several other solutions that help enhance customer experience,...

Homebot integrates with Total Expert

Customer engagement and retention tool Homebot announced a new integration with Total Expert, a company that delivers CRM and data-driven customer engagement solutions for more than 175 modern financial institutions. The integration automates client list management,...

Optimal Blue launches new lead-quoting API

Optimal Blue, a division of Black Knight, has launched a new lead-quoting application programming interface (API) for lead-aggregation vendors. This API connects lead-aggregation vendors to the Optimal Blue product, pricing and eligibility engine to give consumers...

Next Moves

Linglong He inducted into the Michigan Business Women Hall of Fame

Former NEXT event speaker Linglong He was recently inducted into the Michigan Business Women Hall of Fame. This past January, He was named chief leadership advisor of Rocket Central. With more than 25 years experience in technology and leadership, He is responsible...

Jane Kennedy named SVP of sales & strategy for Mortgage Connect

Jane Kennedy has joined Mortgage Connect LP as senior vice president of sales and strategy for the company’s default division. Kennedy will oversee the progression of key initiatives including enhancing the company’s comprehensive line of default services to meet the...

Elizabeth Green joins Appraisal Logistics as CSO

Elizabeth Green, an industry veteran and collateral valuation expert, has joined Appraisal Logistics as chief strategy officer. Previously, Green served as chief data & product solutions officer for LoanLogics. Before that she was president of Centric...

Mortgage Coach promotes Suzanne Duniphin & David Bowser

Mortgage Coach, a borrower conversion technology provider, has promoted two department directors to vice president-level positions. Suzanne Duniphin was promoted from director of eLearning to VP, customer experience, and David Bowser was promoted from director of...

Kortney Lane-Schafers named regional director of growth at MMI

Mobility Market Intelligence (MMI), a leader in data intelligence and market insight tools for the mortgage and real estate industries, today announced it has hired Kortney Lane-Schafers as a regional director of growth. Lane-Schafers’ responsibilities will include...

Covius appoints several new executives

Covius Holdings, Inc., announced several promotions and new positions within its executive team. John Surface, president and chief operating officer of Covius holdings, will assume the role of chief executive officer of Covius Services. The new title better reflects...

Sarah Crossley joins Buyside as VP of brand strategy

Sarah Crossley has been appointed VP of brand strategy at Buyside, a data analytics and marketing company. Before joining Buyside, Crossley was director of marketing for technology provider FormFree. She originally joined FormFree as a business operations specialist...

Truist promotes Sherry Graziano

Noted mortgage executive Sherry Graziano is continuing her forward career trajectory with her latest promotion at Truist. Graziano was promoted to head of digital banking and contact centers after less than a year and a half as the company's head of digital commerce....

Dalila Ramos selected to grow #NEXTsteps, NEXT’s career offering

Dalila Ramos, host of the popular mortgage industry-centric weekly LinkedIn video series Taco Tuesdays and noted DEI evangelist, has joined forces with NEXT to lead the next stage of growth for #NEXTsteps, NEXT's career offering. In addition to growing visibility and...

Tai Christensen named chair of American Mortgage Diversity Council

CBC Mortgage Agency (CBCMA), a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, announced that Tai Christensen, the company's director of government affairs and diversity, equity and inclusion (DEI)...

Jennifer Reel named chief comms officer at FNB

F.N.B. Corporation (NYSE: FNB) and its banking subsidiary, First National Bank, announced that Jennifer M. Reel has been named chief communications officer.  In addition to advising leaders throughout the company, Reel oversees internal, external, executive, crisis,...

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