Articles Tagged with ''Mortgage''

American Mortgage Consultants acquires The Barrent Group

Company expands to the Midwest
Following through on its promises of expansion, American Mortgage Consultants recently announced the acquisition of The Barrent Group's operations center and 50 of its mortgage professionals. TBG’s President Richard Barrent said the transaction with AMC was a good fit for his company because it will allow employees to continue serving clients.
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FHFA: Home prices see slight increase in May

Increases in West South Central and Mountain division
Home prices increased slightly in May, rising only 0.2% from April, according to the latest House Price Index from the Federal Housing Finance Agency, demonstrating a continual slow down in home price gains.
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Existing home sales decrease for third consecutive month

But median sales price reaches all-time high
Existing home sales decreased for the third consecutive month in June, but the ongoing supply and demand imbalance helped push the median sales price to an all-time high, according to NAR. But the association said it’s important to note that despite the modest year-over-year rise in inventory, the current level is far from what is needed to satisfy demand levels.
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TMS promotes two key leaders

Barbara Yolles and Pete Sokolovic promoted to new roles
After launching Happinest, a homeownership solution, The Money Source recently announced the promotions of Barbara Yolles to chief strategy officer and Pete Sokolovic to president of originations. Notably, Yolles will be speaking at HousingWire’s conference.
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Freddie Mac: Mortgage rates are virtually stagnant

Sluggish construction activity deterring growth
Mortgage rates remained flat this week, likely due to a lack of construction activity, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said mortgage rates moved sideways, primarily because of the mixed bag of economic data released this week.
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Housing starts drop 12.3% in June

Labor and supply holding construction back
Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. LendingTree Chief Economist Tendayi Kapfidze said although 3-month average building permits are close to the highest level since 2007, labor shortages are weighing on building activity.
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MBA: Mortgage applications decrease 2.5%

Refinance volume stays afloat
Mortgage applications decreased 2.5% from last week, however, the refinance index increased 2% from the previous week, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.
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ComplianceEase announces solution integration with Tavant Technologies

ComplianceEase integrates three solutions in Tavant's VELOX suite
ComplianceEase announced on Tuesday that its ComplianceAnalyzer, 4506xpress and LicenseManager solutions are now integrated within Tavant Technologies' VELOX product suite. The integrations aim to allow its customers to securely audit loans for regulatory compliance violations, verify borrower income and automatically verify mortgage loan originators.
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Finicity, Cre8tech introduce digital lending solution

Verification of Assets solution integrated into Lender Price Digital Lending platform
Finicity, a provider of real-time financial data aggregation and insights, recently announced a collaboration with Cre8tech Labs, a provider of technology products for the financial services industry. The company aims to digitally speed up the verification process in for lenders and borrowers.
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Freddie Mac: Mortgage rates moderately increase

Higher wages and better benefits increase home affordability
Rising employment and increasing wages led to a slight climb in mortgage rates, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater says global trade tensions are keeping investors cautious, thus borrowing costs have become more affordable for potential homebuyers.
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