Sales of new single‐family houses were at a seasonally adjusted annual rate of 772,000 in February, falling 2% below January’s rate of 788,000.

The Biden Administration has established the PAVE Task Force to tackle racial bias in the home lending and appraisal process.

The Senate Banking Committee will take a deep dive into appraisal equity, and the implementation of programs and policies related to fair housing and economic opportunities.

For the first time since May of 2019, mortgage rates have risen above the 4% mark, on the heels of news that the Federal Reserve has upped short-term rates.

Overall mortgage application volume fell week-over-week, as investors continue to weigh the impact of rapidly increasing inflation nationwide.

With a lack of supplies, a spike in the cost of raw materials, and affordability concerns tugging at the housing market, Ward Morrison, President of Motto Mortgage, recently spoke with MReport to address the impact of supply chain issues on the marketplace.

Lender taps new Chief Operating Officer to manage operations and underwriting teams in assisting non-QM/non-agency loan candidates.

Fintech vet with more than 25 years of experience to serve as President and COO of new mello operating unit, which will complement loanDepot’s mortgage and servicing operations platform.

Venture and tech exec assumes new role focused on enhancing First American through strategic investments, partnerships, and mergers and acquisitions.

Inflationary concerns and the Ukrainian conflict are factoring into mortgage rate volatility that is forecast to continue in the short-term.