Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 22, 2024.
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The acquisition of Sales Mastery by Momentum Builder creates a unique force in the housing industry.
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ACES Quality Management® (ACES), a provider of enterprise quality management and control software for the financial services industry, announced the addition of 10 credit unions to its growing customer base. These organizations leverage ACES Quality Management & Control Software® to improve quality and mitigate risk across multiple internal areas, including mortgage lending, consumer lending, deposit accounts and more.
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Snapdocs, a digital closing provider, shared new research conducted in partnership with Falcon Capital Advisors, revealing that eClosing technology enables lenders to achieve a pricing gain of up to 10 basis points by accelerating loan delivery to the secondary and capital markets.
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Consumer credit balances continued to grow across all credit products during the third quarter of 2024, but in many cases, that growth has slowed.
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ACES Quality Management® (ACES), a provider of enterprise quality management and control software for the financial services industry, released its quarterly ACES Mortgage QC Industry Trends Report covering the second quarter (Q2) of 2024. The latest report analyzes post-closing quality control data derived from ACES Quality Management & Control® software. ACES has altered the timing of this report to better reflect Fannie Mae’s accelerated timeline for post-closing quality control reviews.
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Optimal Blue today released its October 2024 Market Advantage mortgage data report, highlighting resilient purchase activity in the face of rising interest rates and affordability challenges.
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Cornerstone Home Lending, a division of Cornerstone Capital Bank—a national provider of mortgage origination and servicing solutions and commercial, institutional and consumer banking services—has promoted Jay Crowell to the newly created role of president – national retail division. Crowell will drive the strategy and continued growth of Cornerstone’s national retail and Realtor affiliate sales and operations.
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The Community Lenders of America (CHLA) sent a letter to Ginnie Mae requesting that the government agency provide capabilities to allow for loan-level pooling. CHLA has become increasingly concerned that Ginnie Mae issuers cannot transfer loans within a pool to transact a full loan mortgage servicing right (MSR) sale.
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The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.47% as of October 31, 2024. According to MBA’s estimate, 235,000 homeowners are in forbearance plans. Mortgage servicers have provided forbearance to approximately 8.4 million borrowers since March 2020.
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