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1 week ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
As tariffs and the potential for rising cost of goods have dominated the news cycle since early April, a new TransUnion (NYSE: TRU) Q2 2025 Consumer Pulse study found that 27% of U.S. consumers are now pessimistic about their household finances over the next 12 months. This marks a six-percentage point rise from Q4 2024 (21%) and a four-percentage point increase from a year ago (23%). It’s the highest level since TransUnion first began tracking this data point in Q1 2021.
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1 week ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for May 2025 shows mortgage applications for new home purchases decreased 4.5 percent compared from a year ago. Compared to April 2025, applications decreased by 9 percent. This change does not include any adjustment for typical seasonal patterns.
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1 week ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
PHH Mortgage, one of the largest mortgage servicers in the U.S., and a subsidiary of Onity Group Inc. (NYSE: ONIT), is expanding its partnership with Blend Labs, Inc. (NYSE: BLND) to deliver faster, more seamless refinance and home equity experiences for borrowers. PHH Mortgage has expanded its use of Blend’s technology platform, already powering its mortgage lending operations, to now include Rapid Refi and Rapid Home Equity.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology. The MCAI rose by 2.1 percent to 105.1 in May. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. The index was benchmarked to 100 in March 2012.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
MISMO published a new Appraisal Procurement Dataset Specification designed to facilitate and standardize the ordering of property services including appraisals.
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2 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Optimal Blue launched a new product that helps originators efficiently track and identify refinance opportunities so they can reengage borrowers with eligible refinance options at the right time. Available to Optimal Blue PPE users, Capture for Originators dramatically reduces the manual effort loan officers currently spend evaluating refinance potential by automatically analyzing entire portfolios each month and putting recapture opportunities directly into originators’ hands.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Blue Sage Solutions, a provider of digital lending platforms, announced a collaboration with Freddie Mac to integrate positive rental payment history into the mortgage approval process. This initiative aims to expand homeownership opportunities for long-term renters by recognizing their consistent rent payments as a favorable factor in mortgage evaluations.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
MISMO ®, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the SMART Doc® V3 eHELOC Specification. This standard was developed to meet requests for natively created electronic documents to support the growth of home equity lines of credit (HELOCs). The use of the MISMO SMART Doc provides assurance that loan documents and associated data are consistent, reliable, and unaltered. The 30-day public comment period runs through July 5, 2025.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
National affordable housing innovator Arrive Home has launched two new iterations of its Earned Equity Program as part of its continued mission to expand access to homeownership for underserved borrowers. Arrive Home’s Earned Equity Program, which helps more consumers achieve their homeownership goals through a long-term purchase contract, is now available in two separate products designed for two different groups of borrowers.
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3 weeks ago | 
mymortgagemindset.com | Ruth Lee |Pedro Garcia |Pedro García |Josh Friend |Keith Kemph
Commercial mortgage delinquencies increased in the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report. “Commercial mortgage delinquencies rose across all major capital sources in the first quarter of 2025, reflecting growing pressure on certain property sectors and loan types,” said Reggie Booker, MBA’s Associate Vice President of Commercial Real Estate Research.
