Mortgage applications increased 15.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 7, 2024.
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Mortgage Capital Trading, Inc. (MCT®), a provider of mortgage capital markets technology, announced an increase of 6.78% in mortgage lock volume compared to the previous month.
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Optimal Blue announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue’s parent company, Constellation Software Inc.
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Mortgage applications decreased 5.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending May 31, 2024. This week’s results include an adjustment for the Memorial Day holiday.
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ATTOM released its first-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.28 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the first quarter, representing a 6.8 percent decline from the previous quarter. The drop-off marked the 11th in the last 12 quarters, to the lowest level since 2000.
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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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BlackFin Group has named Finastra, a provider of financial software applications and marketplaces, a Preferred Partner. This designation underscores Finastra’s commitment to delivering cutting-edge technology solutions that drive innovation, efficiency, and growth in the financial services industry.
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At the end of March, the preliminary HMDA data for 2023 was released, so iEmergent has updated its mortgage origination forecast to align with that new information. For 2023, first lien mortgage originations totaled $1.44 trillion, a 37% decline from 2022 and the lowest level since 2014. Moreover, the company expects this year will only be slightly better. The forecast for 2024 is $1.59 trillion, with only a modest increase in purchase volume – mostly driven by loan size increases – and continued low levels of refinances.
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Snapdocs, a digital closing provider, has partnered with Republic Bank & Trust Company to accelerate its eClosing adoption.
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LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, recently announced the addition of American Pacific Mortgage to its roster of clients utilizing Fee Chaser. Employing Fee Chaser enables American Pacific Mortgage to efficiently and compliantly collect initial mortgage-related fees from borrowers.
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