News

Zillow Group recently announced two key executive promotions. According to the announcement, Kathleen Philips, who has been the company's COO since 2013, has been named CFO of Zillow Group. In addition, Amy Bohutinsky, who has been chief marketing officer since 2011, has been promoted to COO of Zillow Group.

Caliber Home Loans, Inc., recently announced that Mike Homberg and Scott Berngartt have joined the company as branch manager and sales manager, respectively.

ClosingCorp, Inc., recently announced that its Loan Estimate Service is now integrated with Loan Origination Studio from Savana, Inc. Through this integration, loan officers will be able to produce compliant loan estimates backed by the ClosingCorp Guarantee and provide consumers with the best and most comprehensive information about the total cost of the transaction.

Home sales fell in July, but still managed to hover over last July's levels and reach new heights not seen since 2008, according to the RE/MAX July 2015 National Housing Report released Tuesday.

Single-family construction starts climbed higher for the month of July, while permits and completions dropped, according to new residential construction statistics for July 2015 jointly released by the U.S. Census Bureau and HUD.

First-time homebuyers in the market today are waiting longer periods of time to purchase a home and are less likely to be married compared to first-time buyers in the 1970s and 1980s, according to a Zillow analysis released Monday.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Sanjeev Dahiwadkar, president and CEO of IndiSoft, LLC, discussing how mortgage lenders and servicers should not solely rely on technology in the mortgage industry to safeguard against potential fraudulent activity.

All mortgage originations, measured by loan count, jumped up to 1.48 million in Q2, which was an increase of 2.4 percent from the previous quarter and of 40 percent from the same quarter a year earlier.

The Federal Housing Administration announced Monday a new method that will be used to evaluate the lending practices of FHA-approved lenders and better understand the type of borrowers they are serving.

According to the National Association of Home Builders/Wells Fargo Housing Market Index, builder sentiment in the market for newly built, single-family homes in August rose one point to a level of 61, the highest reading since November 2005.