Mortgage rates surged in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.22% as of March 19, up from last week when it averaged 6.11%. A year ago at this time, it averaged 6.67%. The 15-year...
Mortgage applications for new home purchases increased 0.9% year-over-year in February, according to data from the Mortgage Bankers Association (MBA). Compared to January, applications decreased by 1%. The MBA estimated new single-family home sales were running at a...
The artificial intelligence solutions provider Palantir Technologies Inc. (NASDAQ: PLTR) has teamed with Moder, the mortgage industry-focused AI and technology outsourcing company, to create an AI-powered mortgage operations platform. Boca Raton, Florida-headquartered...
Mortgage rates climbed in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. A year ago at this time, it averaged 6.65%. The 15-year...
The Financial Services Regulatory Authority of Ontario (FSRA) has imposed six administrative monetary penalties totaling $600,000 against Claire Drage, a former mortgage broker in Guelph, Ontario. In a press statement, FSRA accused Drage of engaging in “a prolonged...
Mortgage application activity was on the rise for the week ending March 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.2% on a seasonally adjusted basis...
Trumark Homes Acquires Washington-Based Homebuilder JK Monarch
