Mortgage applications decreased 10.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024.
Read More
Dark Matter Technologies’ Sean Dugan, the company’s chief revenue officer, will succeed Rich Gagliano as CEO effective April 2025. Gagliano, who launched Dark Matter in 2023 following over a decade of leadership at its predecessor, Black Knight Origination Technologies, will step into the role of executive chairman.
Read More
Intercontinental Exchange, Inc. (NYSE:ICE), a global provider of technology and data, released its November 2024 ICE Mortgage Monitor Report, based on the company’s robust mortgage, real estate and public records data sets. Here’s what it found:
Read More
National mortgage lender Certainty Home Lending, a Rate Company, has appointed long time mortgage origination professionals Larry Torch as Executive Vice President, Divisional Manager and Craig Thomason as Vice President, Mortgage Lending.
Read More
A&D Mortgage, a Non-QM lender, has issued its latest securitization, A&D Mortgage Trust 2024-NQM5 (ADMT 2024-NQM5). The transaction, valued at $390.6 million, is backed by a pool of 1,171 mostly newly originated non-prime residential mortgages, and closed on October 31, 2024.
Read More
Xactus has appointed Sasha Stair as its new Chief Marketing Officer.
Read More
CV3 Financial Services introduced Ground Up Construction financing, adding to its growing lineup of real estate investment financing solutions. This new offering is specifically designed to meet the needs of real estate investors focusing on non-owner occupied properties, providing comprehensive financial support from foundation to finish for 1–4-unit residential construction projects.
Read More
LexisNexis Risk Solutions unveiled the findings of its inaugural Global Consumer Lending Confidence Report. The study, conducted by Datos Insights, reveals that as visibility into consumer risk provided by traditional credit data shifts, financial institutions worldwide are expanding their use of alternative data throughout the consumer lending journey.
Read More
Homebuyer affordability improved in September, with the national median payment applied for by purchase applicants decreasing to $2,041 from $2,057 in August. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
Read More
Finotta, a provider of embedded fintech for digital banking, published its new guide, “Millennials, Gen Z & Money Moves: How to Keep Them Banking With You.” This free resource offers valuable insights for financial institutions seeking to attract and retain younger generations.
Read More