The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2025 shows mortgage applications for new home purchases decreased 4.5 percent compared from a year ago. Compared to April 2025, applications decreased by 9 percent. This change does not include any adjustment for typical seasonal patterns.
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Williston Financial Group® (WFG®), a national provider of title insurance and real estate settlement services, announced that its subsidiary Volly has launched Network Connections, a powerful new component within its marketing suite that empowers mortgage loan officers to seamlessly and proactively collaborate with and support their real estate agent network on each new listing.
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Xactus, a fintech and market leader in verification solutions for the mortgage industry, is focused on broadening integrations in the ecosystem to support the loan life cycle beyond origination into servicing. As part of that effort, Xactus announced the successful completion of its integration with MSP, ICE’s comprehensive loan servicing system. This strategic integration enables mortgage servicers to receive automated flood zone determination updates directly into their servicing system without manual intervention.
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MBA’s President and CEO Bob Broeksmit, CMB, released the following statement on the passage of the bipartisan Homebuyers Privacy Protection Act (S. 1467) in the U.S. Senate:
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PHH Mortgage, one of the largest mortgage servicers in the U.S., and a subsidiary of Onity Group Inc. (NYSE: ONIT), is expanding its partnership with Blend Labs, Inc. (NYSE: BLND) to deliver faster, more seamless refinance and home equity experiences for borrowers.
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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 first quarter of 2025. The report shows that California and New Jersey had high concentrations of counties considered most at-risk.
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Planet Financial Group, LLC, a vertically integrated mortgage platform, has successfully closed an offering of $125 million add-on to its existing $475 million 10.5% senior unsecured notes due Dec. 15, 2029. The offering was priced at 98.5% of par, resulting in a yield of approximately 10.9%.
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Mortgage applications increased 12.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 6, 2025. Last week’s results included an adjustment for the Memorial Day holiday.
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Land Gorilla, a provider of construction loan management software, introduced a new tool that automates the generation of state-specific lien waivers to facilitate safe construction loan disbursements.
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Mortgage credit availability increased in May 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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