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Go Mortgage Names Jessica Manna as Chief Marketing Officer

Go Mortgage Names Jessica Manna as Chief Marketing Officer

by Phil Hall | May 1, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Go Mortgage, a Columbus, Ohio-based mortgage lending company, has hired Jessica Manna as its chief marketing officer. Manna has more thn 20 years of experience in mortgage marketing and branding. She most recently served as president of digital strategy and innovation...
First Republic Bank Seized by Regulators, Sold to JPMorgan Chase

First Republic Bank Seized by Regulators, Sold to JPMorgan Chase

by Phil Hall | May 1, 2023 | Commercial Real Estate News, Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The ailing First Republic Bank (NYSE:FRC)  of San Francisco was seized in the early hours of this morning by the California Department of Financial Protection and Innovation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. This is the...
The 30-Year Fixed-Rate Mortgage Inches Up Again

The 30-Year Fixed-Rate Mortgage Inches Up Again

by Phil Hall | Apr 27, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The 30-year fixed-rate mortgage averaged 6.43% as of April 27, according to Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. This is a rise from last week when it averaged 6.39%. A year ago at this time, it averaged 5.10%. The 15-year fixed-rate...
Mortgage Delinquency Rate Remains Near Record Low

Mortgage Delinquency Rate Remains Near Record Low

by Phil Hall | Apr 27, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. mortgage delinquency rate stayed in the vicinity of its record low depth during February, according to new data from CoreLogic. In February, 3% of all mortgages in were in some stage of delinquency, a 0.4% dip from one year earlier but a 0.2% uptick from the...
MBA: Mortgage Application Payments Up 1.6% to $2,093 in March

MBA: Mortgage Application Payments Up 1.6% to $2,093 in March

by Phil Hall | Apr 27, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homebuyer affordability declined in March as with the national median payment applied for by purchase applicants increasing 1.6% to $2,093 from $2,061 in February, according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI)....
MBA: Mortgage Applications Up 3.7%

MBA: Mortgage Applications Up 3.7%

by Phil Hall | Apr 26, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

More Americans were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index was up by 3.7% on a seasonally adjusted basis from one week earlier, while the unadjusted index was up by...
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