The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased slightly to a seasonally adjusted rate of 3.92 percent of all loans outstanding at the end of the third quarter of 2024 compared to one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
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Argyle, a service provider automating income and employment verifications for some of the largest mortgage lenders in the United States, has eclipsed its full-year 2023 growth through just the first nine months of 2024.
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Commercial and multifamily mortgage loan originations increased 59 percent in the third quarter of 2024 compared to a year ago, and increased 44 percent from the second quarter of 2024, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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During the third quarter of 2024, Planet Financial Group, LLC, parent of national mortgage lender and servicer Planet Home Lending, LLC and asset manager Planet Management Group, LLC, demonstrated the strength of its multichannel business model. The company delivered stable performance across all divisions, positioning itself for accelerated growth in 2025.
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ATTOM released its third-quarter 2024 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 3,857 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the third quarter of 2024. Here’s what it found:
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Mortgage Cadence, an Accenture (NYSE: ACN) company, published a new White Paper for lenders considering new technology investments entitled, “A Lender’s Guide to the Technology Investment Dilemma.” It explores the pros and cons of implementing new technologies before the next wave of business.
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Mortgage applications decreased 10.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024.
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Dark Matter Technologies’ Sean Dugan, the company’s chief revenue officer, will succeed Rich Gagliano as CEO effective April 2025. Gagliano, who launched Dark Matter in 2023 following over a decade of leadership at its predecessor, Black Knight Origination Technologies, will step into the role of executive chairman.
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Intercontinental Exchange, Inc. (NYSE:ICE), a global provider of technology and data, released its November 2024 ICE Mortgage Monitor Report, based on the company’s robust mortgage, real estate and public records data sets. Here’s what it found:
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National mortgage lender Certainty Home Lending, a Rate Company, has appointed long time mortgage origination professionals Larry Torch as Executive Vice President, Divisional Manager and Craig Thomason as Vice President, Mortgage Lending.
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