Brandon “Dutch” Mendenhall, the co-founder of RAD Diversified REIT, has been indicted on one count of mail fraud for allegedly submitting false information during the purchase of his $1.6 million house. According to the indictment announced by the US...
Intercontinental Exchange Inc. (NYSE: ICE) has rolled out ICE Fraud Monitor, a mortgage fraud and property research solution designed to help lenders reduce risk and expedite underwriting. According to the company, the new tool is integrated directly with Encompass,...
Mortgage rates rose for the second straight week, according to Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.53% as of May 28, up from last week when it averaged 6.51%, which marked a nine-month high. A year ago...
A total of 1.57 million mortgages secured by residential property (one to four units) were originated in the first quarter, according to new data from ATTOM. This marked a 13% decline from the previous quarter, but it was also a 5% year-over-year increase. The total...
Roughly three in 10 homebuyers (28.8%) in March eschewed mortgage financing to pay for residential properties with all-cash transactions. According to a data report from Redfin, that share was down from 29.8% one year before and tied with 2021 for the lowest March...
Mortgage application activity was lethargic during the week ending May 22, fueled primarily by a pullback in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume,...
Mostly Negative Response to Trump Naming FHFA’s Pulte as National Int…
