Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter of 2025, compared to a net loss of $40 per loan in the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.
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The Mortgage Bankers Association (MBA) announced that Kaitlin Hildner has joined the association as Associate Vice President of Loan Administration Policy. In this role, Hildner will help lead the development and implementation of MBA’s strategy on legislative, regulatory, and other industry issues related to loan administration and mortgage servicing.
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Settlor, an independent national title technology provider, has integrated its innovative cloud-based title production software (TPS) with CertifID, a national provider of fraud protection for title and real estate.
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Mortgage applications increased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 9, 2025.
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Lower, a digital mortgage lender, announced the acquisition of proptech and flagship real estate portal, Movoto. This acquisition combines Movoto’s significant reach with Lower’s lending platform and retail network, creating an end-to-end homeownership platform while offering a growth engine for real estate agents and loan officers.
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ServiceLink, a provider of digital mortgage services, has enhanced its EXOS Close technology that provide even more flexibility for lenders and borrowers using the technology to schedule their closings in real-time.
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Prudent AI launched Prudent AI Upfront, a one-touch pre-qualification platform that revolutionizes lender sales funnels. This innovative solution empowers lenders to process more applications, reduce fallout, and capture more business.
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Intercontinental Exchange, Inc. (NYSE: ICE), a provider of technology and data, released its May 2025 Mortgage Monitor Report, which delves into the rising share of first-time and Gen Z homebuyer participation in the mortgage market. Notably, first-time homebuyers (FTHBs) accounted for a record share of agency purchase lending in Q1 2025 as higher interest rates continued to dampen repeat buyer participation in the market.
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The Fed met last week and did not signal a rate decrease. “Look at the state of the economy,” Fed Chair Jerome Powell said. “The labor work is solid, inflation is low. We can afford to be patient as things unfold. There’s no real cost to our waiting at this point.” Now that this news has settled in, here is how insiders see it impacting lending going forward:
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ATTOM released its first quarter 2025 U.S. Home Equity & Underwater Report, which shows that 46.2 percent of mortgaged residential properties in the country were considered equity-rich in the first quarter, meaning the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value.
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