David Krechevsky

Chip Beveridge has more than 40 years mortgage banking sales experience.

Says new capability helps lenders calculate borrower income more quickly and precisely.

The new set of enhanced work products designed to create a common format for closing instructions. 

Nationwide, the typical home costs an estimated 25% more per month to own than rent.

Applications in April fell 11% from March, but were up from a year earlier for the third straight month.

Fannie Mae ESR Group updates forecast, includes more positive outlook on housing construction.

Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.

Succeeds J. Franklin Hall, who left the company in December.

SVP of corporate development succeeds Allen Parker, who held the post since 2018.

The 30-year fixed-rate mortgage average rose to 6.39%, while the 15-year rate remained unchanged.