A National Mortgage News/Snapdocs survey of 100 lenders found 90% use some form of what could be considered a digital closing, up from 74% two-years ago.
The average interest rate for the 30-year loan rose for the fifth consecutive week, according to Freddie Mac, but Treasury yields did move lower.
The proposed acquisition comes just days after Better.com announced plans to buy London-based online loan broker Trussle Lab.
New residential construction increased 5.2% last month to an annualized rate of 1.43 million homes, according to government figures released Tuesday.
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Two- to 10-year yields reached the lowest levels since at least May 9 after the ISM Services gauge for last month signaled contraction for the first time since last June.
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The deal that led the House to increase the maximum deduction for state and local taxes to $40,000 is not set in stone in the Senate.
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A stockholder previously filed a lawsuit seeking to delay the Redfin shareholder vote scheduled for June 4.
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The publicly traded firm said it anticipates more deals after making its first loan to a developer for $32.7 million, which will support 156 homes in Houston.
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Marianne Lake will oversee strategic growth and the company's fast-growing overseas consumer bank.
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The Mortgage Bankers Association's index of applications for home purchases decreased 4.4% to 155 in the week ended May 30, which included the Memorial Day holiday.
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We're hearing if you think changes to the mortgage business in recent years have been jarring, you may want to fasten your seatbelt.
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We're hearing well-to-do jumbo borrowers are securing better mortgage rates than the average Joe getting a conventional loan from a Fannie Mae or Freddie Mac lender.
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The ability to expand markets while growing existing market share is ultimately based on how well new and updated technologies support compliance.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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