In The News

In The NewsResearch

Optimal Blue Originations Market Monitor: Lock Volume Rises 36% Month Over Month In January

PROGRESS In Lending

“The new year kicked off with continued rate relief and a 36% month-over-month gain in total lock volume, driven by a seasonal 38% increase in purchase lock volume,” said Brennan O’Connell, director of data solutions, Optimal Blue. “We also saw the smallest year-over-year decline in purchase lock counts since May 2022, which may foreshadow a stabilizing market and friendlier lending environment in 2024.”

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In The NewsResearch

Bankcard Balances Surpass $1 Trillion As Millennials Increasingly Turn To Cards

PROGRESS In Lending

Findings from the newly released Q4 2023 Quarterly Credit Industry Insights Report (CIIR) from TransUnion (NYSE: TRU) reveal that credit card debt is at a historical high, driven in part by Millennials further building on their credit portfolios. This comes at a time when an anticipated reduction in interest rates over the course of the coming year may open up new avenues to more affordable credit.

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In The NewsLoan Servicing

LoanCare Launches Enhanced, Proprietary Servicing Website

PROGRESS In Lending

LoanCare, a U.S. mortgage subservicer, has introduced a wholly re-imagined, re-engineered, and re-designed version of the myloancare.com website powered by its proprietary software. The new homeowners’ website provides a path toward a more consumer-centric tech-driven future through state-of-the-art capabilities designed for quick interactions and intuitive self-service options.

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