Single-family house prices increased 5.9% from third-quarter 2023 to third-quarter 2024, a deceleration from the previous quarter’s 6.4% annual growth rate, according to Fannie Mae, Washington, D.C.

The Federal Reserve’s recent decision to reduce rates by 50 basis points, with further cuts expected through 2025, offers a key turning point for the mortgage industry.

Mortgage applications decreased 17% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending Oct. 11, 2024.

MBA NewsLink recently interviewed Geno Paluso, who joined Sagent in February as Chief Executive Officer. Paluso spent 25 years as a Naval Special Warfare (SEAL) Officer, Commandant of Cadets at The Citadel and a Vice President at BAE Systems Inc. before joining the FinTech firm.

From AI-powered document classification to digital loan closings, innovation has transformed every aspect of the loan origination process—yet product and pricing engines have largely failed to adapt.

Whether you’re an executive, a loan producer, or a tech professional, take advantage of this all-new programming that will elevate your experience at MBA Annual24, taking place October 27-30 at the Colorado Convention Center in Denver.