Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $2,109 on each loan they originated in the fourth quarter of 2023, according to new data from the Mortgage Bankers Association (MBA). This represented an increase...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) found rates in decline. The 30-year fixed-rate mortgage averaged 6.74% as of March 14, down from last week when it averaged 6.88%. A year ago at this time, it averaged 6.60%. The 15-year...
Click n’ Close, an Addison, Texas-headquartered lender serving consumers and mortgage originators through its wholesale and correspondent channels, has introduced its One-Time Close (OTC) loan programs for government-insured mortgage products. According to the company...
Mortgage application activity was up again in the latest data published by the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 7.1% on a seasonally adjusted basis for the week ended March...
Mortgage rates were slightly down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged 6.94%. A year ago at this time, it averaged 6.73%....
Fannie Mae (OTCQB:FNMA) announced new capabilities for its Desktop Underwriter (DU) system. Effective March 29, Fannie Mae single-family lenders can use a single 12-month asset verification report in the DU validation service to identify recurring deposits in the...
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/