Home price declines leave 450,000 borrowers underwater

Six out of 10 borrowers who owe more on their mortgages than their homes are worth bought or refinanced their homes in 2022, according to the latest Black Knight Mortgage Monitor. Continue reading

Tomo enters 5 new states, launches real-time preapproval process

After laying off workers in May, Tomo is in expansion mode again with launches in Maryland, New Jersey, Oregon, Pennsylvania, Virginia and Washington D.C. Continue reading

First Community Mortgage recognized for ethical practices

Subsidiary of First Community Bank of Tennessee has also been recognized for its efforts to reach a diverse population of borrowers. Continue reading

Purchase mortgage demand up 4th week in a row as rates fall

Without adjustment for seasonal factors, demand for both purchase loans and refinancing remains at their lowest levels since 2000, according to an MBA lender survey. Continue reading

Fannie and Freddie get green light to buy $1M mortgages

The big run-up in home prices may have cooled, but the 2023 conforming loan limit is going up 12 percent to $727,200 in most parts of the country. Continue reading

Fannie and Freddie get green light to buy $1M mortgages

The big run-up in home prices may have cooled, but the 2023 conforming loan limit is going up 12 percent to $727,200 in most parts of the country. Continue reading

Mortgage demand up for 3rd week in a row as rates continue to ease

Economists forecast mortgage rates will continue to fall as Federal Reserve minutes suggest policymakers are preparing to wind down an aggressive campaign to fight inflation. Continue reading

Fidelity paying Black Knight $225M to bring TitlePoint back into the fold

With ICE’s acquisition of Black Knight pending, title insurer exercises right to buy back title search and order management solution. Continue reading

Fannie Mae economists see home sales bottoming next year

Sales expected to drop to lowest level since 2008, and the growing lock-in effect — the financial disincentive to sell — “will remain in a way that has not occurred in over 40 years,” economists say. Continue reading

First American’s PRISM platform evolving beyond title insurance

After paymints.io deal, First American is evaluating additional third-party integrations to simplify transactions from point of sale to handing over the keys. Continue reading