PrimeLending rolls out new home equity loan
PrimeLending’s new home equity loan enables homeowners to borrow against their home equity and repay the loan at a fixed rate over a 30-year term. The loan is disbursed as...
What’s holding back the US housing market?
Still, that drop has done little to erase the eyewatering price gains of the COVID-19 pandemic, when an unanticipated market boom saw prices shoot through the roof amid feverish competition...
Mortgage application costs dipped in May
For those applying for lower-payment mortgages, the median payment fell to $1,508 in May from $1,537 in April. The Builders’ Purchase Application Payment Index (BPAPI) indicated a decrease in median...
Xactus taps former Sagent exec as chief financial officer
Xactus, a mortgage verification technology provider, has announced the appointment of Joseph Peterson (pictured) as chief financial officer. Peterson, a mortgage industry veteran with over 30 years of financial experience,...
A&D Mortgage wins AI innovation award
Judges noted: “The Quick Pricer tool and AI-enhanced Broker Portal significantly improve operational efficiency and service quality.” They also highlighted the company’s “commitment to educating industry professionals on AI, setting...
New home sales slump to six-month low
There were 481,000 available homes on the market in May, data showed, even as many would-be sellers choose to stay in place to keep the record-low mortgage rates they secured...
Employers cutting business travel perks despite strong demand
"The current economic environment is driving tension among business travellers, travel managers, and company leadership," said Charlie Sultan, president of Concur Travel at SAP Concur, in a statement. "Balance between...
Sutherland fights CFPB allegations following reverse mortgage ban
Sutherland and NOVAD reportedly failed to provide homeowners with crucial information, such as loan payoff statements and foreclosure alternatives. Additionally, they were accused of falsely informing homeowners about default status,...
What business opportunities remain in face of mortgage slowdown?
Tracie Mayo (pictured top), mortgage broker and owner at Savvy Mortgage Lending, told Mortgage Professional America there were still plenty of prospective buyers needing advice from dedicated professionals in the...
Mortgage applications rise for third straight week
“Mortgage rates were mostly lower last week, with the 30-year fixed rate declining slightly to 6.93%, the lowest level in more than three months,” Joel Kan, vice president and deputy...