Sales of previously owned U.S. homes rose in September for the first time since May, but the improvement left the market running below a 4 million annual pace for a second consecutive month. A fresh rise in mortgage rates now threatens to undercut even that modest...
The mortgage market contracted sharply in September, but lenders serving borrowers outside traditional agency guidelines gained ground. New figures from Optimal Blue’s September Market Advantage report, released Tuesday, show overall rate-lock activity down 26%...
Better Home & Finance Holding Company said Tuesday that its preliminary third-quarter loan volume reached $1.39 billion, up 15% from $1.21 billion a year earlier, even as higher mortgage rates squeezed much of the lending market.The company also reported $790...
Blend says ten lenders have signed on to its Autopilot mortgage automation system, with the software now working on more than 3,500 new loans a week. The figures, disclosed Monday, offer a measure of adoption as mortgage lenders experiment with artificial...
Friday Harbor has introduced a pre-closing mortgage quality-control service backed by an insurance warranty, offering lenders a new approach to managing defects that can lead to investor repurchase demands. The Chicago-based company announced Safe Harbor QC on October...