Planet Home Lending, a national mortgage lender, servicer, and asset manager, has hired Paul Walker to be Chief Financial Officer. Walker’s two decades of mortgage banking finance expertise coupled with his ability to foster cross-channel collaboration make him a pivotal addition to the company’s executive leadership team.
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Mortgage Capital Trading, Inc. (MCT),a provider of mortgage capital markets technology, reported a 1.87% increase in mortgage lock volume compared to the previous month.
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Mortgage applications increased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 3, 2024.Â
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As with many economic indicators, the road to normalizing housing markets remains bumpy. While home sales and inventories are improving from last year’s bottom, higher mortgage rates continue to challenge affordability and keep many potential buyers on the sidelines. Despite new listings jumping by double digits in many markets, pending home sales activity is tracking about 5% to 7% higher through March compared with last year.
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Intercontinental Exchange, Inc. (NYSE:ICE), a provider of technology and data, released its May 2024 ICE Mortgage Monitor Report, based on the company’s industry-leading mortgage, real estate and public records data sets. The report concluded that:
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Companies that are thinking strategically will win the day. How? By making the right connections. And we believe that those connections deserve recognition. APPLY TODAY!
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Xactus announced that Danielle Walker was named Senior Vice President, Business Development. Previously she served as Vice President, Product Development.
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Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF), a technology company creating a more transparent and accessible real estate lending ecosystem, has launched VoxturRateAdvisor, a title insurance technology platform designed to present users with information on the right title product, the most competitive rates and services available on the market.
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Usherpa, developers of a customer Relationship Engagement Platform (REP), announced that the company and its SmartCRM have been vetted by The Mortgage Collaborative (TMC), one of the largest mortgage cooperatives in the country. Usherpa is now a preferred partner to TMC’s growing network of mortgage lenders that account for approximately 10% of the mortgage volume originated in the US.
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National affordable housing innovator Arrive Home has announced the launch of its Earned Equity Program. As part of Arrive Home’s continued mission to expand access to homeownership for underserved borrowers, the new Earned Equity program helps more consumers achieve their homeownership goals through a long-term purchase contract.
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