Mortgage credit availability decreased in November according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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SIGNiX, a provider of digital signatures and remote online notarization solutions, launched a new integration with Integra Software Systems, expanding its partnership with TruStage Compliance Solutions. With this integration, financial institutions using Integra’s EPIC platform for mortgage, consumer, and commercial lending can now access TruStage Digital Signatures from SIGNiX directly within their loan origination workflow, creating a secure, end-to-end platform that enhances data protection while potentially saving financial institutions thousands of hours annually.
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Optimal Blue released its November 2024 Market Advantage mortgage data report, highlighting a 25% decrease in month-over-month (MoM) lock volume as interest rates hit their highest levels since early July, creating headwinds for affordability.
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The Community Home Lenders of America (CHLA) sent a letter to Congress urging for higher Senate funding levels for salaries and expenses of Ginnie Mae and the Federal Housing Administration (FHA) for FY 2025.
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ATTOM released its latest Special Housing Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, equity and other measures in the third quarter of 2024. The report shows that California, New Jersey and Illinois once again had high concentrations of the most-at-risk markets in the country, with parts of Florida also joining that mix. Less-vulnerable markets continued to be clustered in the South region of the nation.
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Both the unemployment rate, at 4.2 percent, and the number of unemployed people, at 7.1 million, changed little in November. These measures are higher than a year earlier, when the jobless rate was 3.7 percent, and the number of unemployed people was 6.3 million, which may have implications for the mortgage industry.
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Despite the growing threat of cyberattacks, many companies fail to strengthen their security measures. According to data presented by Cybernews Business Digital Index, 65% of analyzed North American companies scored D or worse for their cybersecurity efforts. Meanwhile, 48% of such companies are in Europe.
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Voxtur Analytics Corp., a technology company creating a more transparent and accessible real estate lending ecosystem, has announced a critical integration with MeridianLink, Inc., a provider of modern software platforms for financial institutions and consumer reporting agencies.
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Home Equity Lending News LLC (HELN) has released the Q3 Home Equity Study sponsored by Curinos. The 45-page report found that loan originations increased and capital markets strengthened during the third quarter, while the outlook is positive.
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Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 29, 2024. This week’s results include an adjustment for the Thanksgiving holiday.
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