Mortgage applications for new home purchases were up by 4.1% in April from one year ago but were down 11% from March, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated that new single-family home sales were running at a seasonally...
RE/MAX (NYSE:RMAX) announced the addition of 206 franchises to its network during the first quarter of this year, a nearly 17% year-over-year expansion. The Denver-based company also announced 293 existing RE/MAX brokerages, including 12 team offices and two...
Seattle-headquartered Zillow Group Inc. (NASDAQ: Z, ZG) has promoted Jeremy Hofmann to chief financial officer (CFO). Hofmann joined Zillow Group nearly six years ago and most recently served as senior vice president of corporate development and strategy. Prior to...
Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey, and it is not welcome news for those hoping to see mortgage rates decline. The 30-year fixed-rate mortgage averaged 6.39% of May 18, up from last week when it averaged 6.35%. A year...
There was bad news and good news for independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks during the first quarter of this year. The bad news: these entities reported a net loss of $1,972 on each loan they originated during the quarter,...
Mortgage application activity slowed last week as rates continued to rise, according to new data from Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was down by 5.7% on a seasonally adjusted basis...
Ex-Massachusetts Real Estate Executive Sentenced for Tax Fraud and Obstruct…
