The Market Composite Index, a measure of mortgage loan application volume, decreased 2.0% on a seasonally adjusted basis from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) latest weekly mortgage applications survey. This week’s results for the week ending Jan. 24, 2025, include an adjustment for the Martin Luther King holiday….
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Real estate closing platform and software provider Qualia is acquiring RamQuest and E-Closing from Old Republic National Title Holding Company. The financial terms of the deal were not disclosed. Like Qualia, RamQuest and E-Closing are closing platforms, with RamQuest being one of the most widely used by title professionals in addition to Qualia and Softpro. …
Rocket Pro has hired Katie Sweeney, formerly CEO at the Broker Action Coalition (BAC), as its executive vice president of strategy and broker advocacy. Rocket Pro confirmed the news in an email to HousingWire Wednesday. A spokesperson from the company wrote “Katie has dedicated her career to helping improve and grow the broker community through…
Relitix’s latest release of the Agent Movement Index (AMI) through December 2024 confirms a continuation of the downward trajectory observed in recent months, underscoring the year-end slowdown and persistent market caution. While December often marks the lowest point seasonally, this year’s results reinforce the subdued climate that has defined much of 2024. Key observations from December: • Monthly score…