Lower Mortgage announced a new acquisition this week, with a purchase of Acopia Home Loans that is set to expand its presence in the Southeastern U.S. Processing Content The deal adds 14 branches and 36 loan originators to Lower’s network. Founded in 2007, Goodlettsville, Tennessee-based Acopia is currently licensed in 12 states, stretching from Texas […]
Lower acquires Acopia, expands its Southeast U.S. reach Read More »
US mortgage rates slid last week to one of the lowest levels in years, sparking a flurry of purchase and refinancing activity that offers hope for a plodding housing market. Processing Content The contract rate on a 30-year mortgage dropped 7 basis points to 6.18% in the week ended Jan. 9, according to Mortgage Bankers
Mortgage rates slide to one of lowest levels since 2022 Read More »
US previously owned home sales climbed in December to the fastest pace since 2023, a welcome sign for a housing market that has lacked momentum for several years. Processing Content Contract closings rose 5.1% to a 4.35 million annualized pace last month, the highest since February 2023, according to figures released Wednesday by the National
US home resales climb to strongest pace since 2023 Read More »
While the fourth quarter’s mortgage fraud risk rate fell 55 basis points from the prior three months, loans submitted during the period had a record average issues per transaction, the Fundingshield Wire Fraud Risk Report found. Processing Content The last three months of 2025 was a period where a near 9% increase in volume from
Record defects plague mortgage closings as fraud risk dips Read More »
Mortgage rate-lock activity ended the year on a strong note in spite of seasonal trends, new industry data found. Processing Content Optimal Blue’s latest Market Advantage report showed total lock volume increased 2% from November and finished 30% higher than last December. The boost was driven primarily by rate-and-term refinances, which rose 13% on a
Lock activity increases in December, defying seasonal trends Read More »
Mortgage originations for JPMorgan Chase were “modestly” over what analysts expected, but even with the increase in the retail channel share, gain on sale was down. Processing Content This is an early downbeat sign for the independent mortgage banking community, a report from Keefe, Bruyette & Woods indicates. Chase is the first large bank to
JPM’s 4Q gain-on-sale drop off a negative sign for IMBs Read More »
A new racketeering lawsuit claims two Hallmark Home Mortgage employees aided a homebuilder in a construction Ponzi scheme that affected hundreds of customers. Processing Content Florida resident Reynel Suarez named the lender and its parent, Fairway Home Mortgage, among a dozen defendants in his class action late last month. The plaintiff says Hallmark disbursed millions
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One of the country’s leading mortgage lenders is moving into crypto, allowing borrowers to submit digital holdings as assets to be considered when applying for certain home loans. Processing Content National lender and servicer Newrez announced it will begin to recognize and accept cryptocurrencies in February across its Smart Series suite of nonagency products without
Newrez announces plan for crypto in originations Read More »
Sales of new homes in the US were little changed in October near the strongest pace since 2023 as builders lured anxious customers with price cuts and incentives. Processing Content New single-family home sales eased 0.1% to an annual rate of 737,000 following a 3.8% September increase, according to government data released Tuesday. The report,
Sales of new US homes hold close to fastest pace since 2023 Read More »
WASHINGTON, DC – MAY 04: U.S. President Donald Trump speaks to reporters on the south lawn of the White House on May 04, 2025 in Washington, DC. The President spent the weekend in Florida and returned to Washington on Sunday. (Photo by Tasos Katopodis/Getty Images)Tasos Katopodis/Photographer: Tasos Katopodis/Ge The Trump administration has more housing initiatives
What ideas might be on the table as housing measures expand Read More »