ICE Mortgage

Housing Market Posts Positive Indicators But Home Prices Remain Elevated

Posted on by TMN Editor
The housing market may be impossible for the average American now, but hold on a while longer: it’s heading in the right direction. That’s ICE’s message, at least, with its latest Mortgage Monitor report, which revealed a mix of good and not-so-good data about the state of homebuying. Affordability is improving, for one, as rates come down. The share of income required to purchase the median home fell close to 5 percentage points from October 2023’s peak. Stock is also slowly recovering, up for a seventh consecutive month. Lack of inventory has contributed to high prices and competition, making the bidding process a nightmare for many buyers in the last few years. But home price appreciation remains off the charts.…

Former ICE Leader Tony Fox Moves To Dark Matter

Posted on by TMN Editor
Mortgage tech veteran Tony Fox has been named Chief of Client Engagement at Dark Matter Technologies, company leaders announced in a press release. In his new role, Fox will direct Dark Matter’s account management and client success teams. He will report to Chief Revenue Officer Sean Dugan. “I am thrilled to join Dark Matter and continue to work with a tremendous team and clients that I’ve known for years,” Fox said. “At Dark Matter, we’re on a mission to improve the mortgage process and optimize the workflow for lenders and their customers. I’m proud and grateful to be part of this vision for the mortgage market, and I couldn’t have found a better fit to continue my commitment to this…