Mortgage Application Payments Increased 4.2 Percent To $2,127 In October
Homebuyer affordability declined in October, with the national median payment applied for by purchase applicants increasing to $2,127 from $2,041 in September.
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In The News
October New Home Purchase Mortgage Applications Increased 8.2 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for October 2024 shows mortgage applications for new home purchases increased 8.2 percent compared from a year ago. Compared to September 2024, applications increased by 3 percent. This change does not include any adjustment for typical seasonal patterns.
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Latest STRATMOR Report Outlines Steps Lenders Must Take To Thrive In 2025
While their optimism is growing, lenders must elevate customer experiences and focus on technology ROI to capitalize on a rejuvenated housing market in 2025, according to the latest Insights Report from STRATMOR Group, a mortgage advisory and consulting firm.
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Mortgage Applications Increased 6.3 Percent From One Week Earlier
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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Sales Mastery And Momentum Builder Merge
The acquisition of Sales Mastery by Momentum Builder creates a unique force in the housing industry.
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ACES Quality Management Now Supplies Audit Technology To Six Of The Top 20 Largest U.S. Credit Unions
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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Research Finds That Digital Closings Create Up To 10 Bps Pricing Advantage For Lenders
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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Balances And Delinquencies Begin To Stabilize Across Many Credit Products: TransUnion Report
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 Q2 2024 Mortgage QC Trends Report Reveals Second Consecutive Increase In Critical Defect Rate
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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October Mortgage Lock Data Shows Resilience And Cracks In The Mortgage Market
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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