New WFG tool offers insights on mortgage loans in the pipeline

WFG’s MyHome Funder Dashboard minimizes the back-and-forth that often ensues when balancing files for disbursement, providing a balance figure that includes fees that escrow agents anticipate the lender will keep from the funding wire. Continue reading

SimpleNexus acquires LBA Ware in bid to expand lender toolset

LBA Ware CEO Lori Brewer, who founded the company in 2008, will join SimpleNexus as executive vice president and general manager. Continue reading

Home sales predicted to close out 2021 with surprising strength

Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading

Keller Mortgage lays off 150 new employees following hiring spree

After nearly doubling the company’s payroll to 1,000 employees, Keller Williams’ lending arm has laid off 150 new recruits, close to one-third of its recent hires. Continue reading

More lenders jumping the gun on historic Fannie, Freddie loan limits

Rocket Mortgage and United Wholesale Mortgage — the nation’s top two lenders — and at least five others are raising conforming loan limit to $625,000 ahead of an official FHFA announcement. Continue reading

Mortgage rates for home loans hit highest levels since June

Purchase loan applications rose 2 percent week over week, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey, released Wednesday. Continue reading

Homeowners slam brakes on refinancing as mortgage rates rise

Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight. Continue reading

Realogy sells most of its interest in Title Resources Guaranty

Realogy will continue to maintain its existing ownership of Realogy Title Group, which last year provided title, settlement, and escrow services for 214,000 transactions in 43 states under 45 different brand names. Continue reading