April’s increase in rate lock activity does lend some support to the optimistic views on Spring’s market, according to Optimal Blue. Its Market Volume Index, a measurement of rate lock activity, was at 109 for April. This was up from 105 in March, a gain of 3.2%, and 103 for April 2024, 5.9% higher. This […]
What rate lock activity means for the Spring purchase market Read More »
The Mortgage Bankers Association has responded to the Office of Management and Budget’s request for information on “unnecessary, unlawful, unduly burdensome and unsound rules” with several origination and servicing policy suggestions. There already has been pullback from some of the policies the association is calling for the Office of Management and Budget to rescind, with
Mortgage bankers ask OMB to end or revise several rules Read More »
Signs from early April that the housing market is coming around will help the title industry’s performance on what has been a slow start to the spring season. However, the biggest news that shook up the industry took place on April 10 at the second largest company by total volume. Following an incident on a
Title underwriters stay profitable in difficult Q1 Read More »
A lack of housing inventory, fluctuating mortgage interest rates and home prices are the subjects that worry loan originators this year, those participating in the annual National Mortgage News Top Producers survey said.The annual survey had 327 originators participate, a number slightly smaller from last year, but the outcomes were notable. Surprisingly, LOs seem rather
LOs pivoting to non-QM, equity products: survey Read More »