A total of 30,816 residential properties carried foreclosure filings in January, according to new data from ATTOM. This is up 8% from December and down 7% from January 2024. Nationwide, one in every 4,618 housing units had a foreclosure filing last month. The states...
Mortgage rates were down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of Feb. 6, down from last week when it averaged 6.95%. A year ago at this time, it averaged 6.64%. The...
loanDepot Inc. (NYSE: LDI) is teaming with the homebuilder Onx Homes on a new joint venture to provide financing for new homebuyers in Florida and Texas. The venture, named Onx X+ Mortgage, will be headquartered in Georgetown, Texas. In a statement, the companies said...
Mortgage application activity was on the rise in the latest data from the Mortgage Bankers Association (MBA) for the week ending Jan. 31. The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up 2.2% on a seasonally adjusted basis...
A Phil Hall Op-Ed: Do you recall the children’s tale of Chicken Little, where a barnyard bird who is hit on the head with an acorn that dropped from a tree limb? Chicken Little took the bonk to its noggin as evidence that the sky was falling and began to run around...
The president of a California mortgage company was arrested for allegedly driving drunk and causing the vehicular death of an 88-year-old man. ABC News reports that Serene Vernon, president of OCMBC Inc., was arrested on suspicion of driving under the influence and...
