August Pending Home Sales Down 2%

The National Association of Realtors reported pending home sales waned for the third consecutive month in August, falling 2.0% from July.

In an Evolving Market, Tech Strategies Must Evolve, Too

Without question, loan originators are finding themselves in a more hostile market environment. Demand for mortgages has fallen to the lowest level in decades and lenders are laying off employees in order to curb costs. Yet many lenders fail to examine an area that represents a significant operating cost: their technology.

Gaining Operational Efficiencies With Technology and Automation In a Changing Mortgage Lending Environment

As the mortgage industry continues to experience substantial changes, such as rising interest rates, home affordability issues, and an influx of layoffs for mortgage professionals, the entire industry is recognizing the need to adjust its operational strategies. Mortgage professionals need to be agile, quick and flexible to keep pace with the changing market, regulatory pressures, and borrower preferences.

MBA Home For All Pledge Partner: MGIC

(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)

Luxury Home Purchases Plummet 28%

Redfin, Seattle, reported sales of high-end U.S. homes fell 28.1% year-over-year during the three months ending Aug. 31.