Industry news from Rocktop Technologies, Land Gorilla, Argyle, CloudVirga, A&D Mortgage, Atlas Merchant Capital, Imperial Fund, Optimal Blue and Insellerate.
Category: News and Trends
Quote of the Day
“A majority of buyers feel the market is headed in the right direction, but many are still planning to wait for more favorable conditions before they decide to take action.”
–Bank of America Head of Consumer Lending Matt Vernon
Pending Home Sales Decline in April
Pending home sales plunged 6.3% in April, the National Association of Realtors reported Thursday.
Mortgage Application Payments Increase in April
Homebuyer affordability declined slightly in April, with the national median payment applied for by purchase applicants increasing to $2,186 from $2,173 in March.
Upcoming School of Loan Origination Courses
MBA Education’s School of Loan Origination (SOLO) is a live, instructor-guided online course designed to provide an in-depth working knowledge of how to originate residential mortgage loans.
Bob Broeksmit Discusses the House VA Partial Claims Bill, House Reconciliation Package
In a new video, MBA President and CEO Bob Broeksmit, CMB, discusses two huge MBA advocacy wins before the long Memorial Day Weekend.
Surviving a “Stage of If’s”— Using Data
Mark Dangelo notes shiny new technologies are introduced weekly. “The focus is on flooding the competitors with innovation and, most recently, M&As. The likely solutions are not that straightforward or alluring.”
Dealmaker: Dwight Mortgage Trust Closes Loans in California, Texas
Dwight Mortgage Trust, New York, closed a $48 million construction loan for a mixed-use multifamily development in San Diego, and a $36 million bridge loan to refinance a waterfront apartment community in Corpus Christi, Texas.
Quote of the Day
“Homebuyer affordability conditions declined somewhat in April and remain elevated overall. Economic uncertainty and high mortgage rates continue to weigh on prospective buyers’ decisions on whether to enter the housing market.”
–MBA’s Edward Seiler
ICE First Look: Foreclosure Activity Creeps up
Intercontinental Exchange Inc., Atlanta, released its First Look at April 2025 data, finding that the national delinquency rate is up to 3.22%–up 1 basis point from March and 13 basis points from April 2024.