Home Value Lock Insurance Now Available To Stanford Mortgage Homebuyers
Home Value Lock, a market value insurance product for homebuyers, has partnered with Stanford Mortgage to protect more Sacramento-area buyers from a home price drop.
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Author: PROGRESS In Lending
December Mortgage Lock Data Reveals Year-Over-Year Increases Across All Loan Types Despite Seasonal Downturn
Optimal Blue released its December 2024 Market Advantage mortgage data report, showcasing year-over-year (YoY) growth in mortgage activity, even as seasonal trends led to a month-over-month (MoM) decline in rate lock volumes. Overall, December mortgage lock volume was up 26% YoY, driven by an 18% increase in purchase locks, a 43% rise in cash-out refinances, and an 82% jump in rate-and-term refinances.
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Study Finds IMBs Originated 83% Of All Single-Family Mortgages In 2024
Community Home Lenders of America (CHLA) released its yearly research study report titled, “CHLA 2024 Report on Independent Mortgage Banks.” Here’s what it found:
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MBA Opens Doors Launches Disaster Relief Program For Children’s Hospital Los Angeles
The MBA Opens Doors Foundation (Opens Doors) launched the MBA Opens Doors Disaster Relief Program, which will provide an additional $100,000 to Children’s Hospital Los Angeles (CHLA) to support the children and families impacted by the Southern California wildfires.
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We Are Looking To Honor Sales, Marketing And PR Trailblazers
SIMPLY PUT: Sales, marketing and public relations executives are blazing a trail that is determining the biggest winners. Apply To Get Recognized …
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LERETA Announces Leadership Transition: Katie Brewer Named CEO As John Walsh Retires
LERETA, LLC (“LERETA”) announced that Katie Brewer has been named Chief Executive Officer (“CEO”). Ms. Brewer succeeds John Walsh, Chief Executive Officer since 2015, who is retiring and will continue to serve on the firm’s Board of Directors.
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MBA Calls On Senate To Confirm Scott Turner As HUD Secretary
MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Senate Banking, Housing, and Urban Affairs Committee’s vote on Scott Turner’s confirmation to serve as Secretary of the Department of Housing and Urban Development (HUD):
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Mortgage Applications Increased 0.1 Percent From One Week Earlier
Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025.
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Profit Margins For Sellers Decrease For Second Straight Year
ATTOM released its Year-End 2024 U.S. Home Sales Report, which shows that home sellers made a $122,500 profit on typical sales nationwide in 2024, generating a 53.8 percent return on investment.
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Share Of Mortgage Loans In Forbearance Decreases Slightly To 0.47% In December
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior month to 0.47% as of December 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.5 million borrowers since March 2020.
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