The Federal Trade Commission (FTC) has started a claims process for consumers victimized by a phony mortgage relief operation known as Lanier Law that collected upfront fees of thousands of dollars and promised consumers lower monthly payments but failed to deliver....
Mortgage applications for new home purchases in December were up by 22.2% from one year earlier, according to new data from the Mortgage Bankers Association (MBA). Compared to November, the application volume dipped by 4%. The MBA estimated new single-family home...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.60% as of Jan. 18, down from last week when it averaged 6.66%. A year ago at this time, it averaged...
A growing number of people are seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.4% on a...
Anchor Loans, a private direct lender to residential real estate investors, has launched its Third-Party Originator (TPO) Channel to serve mortgage brokers, banks, private and non-QM lenders and other referral partners whose clients are home builders, developers and...
The U.S. Federal Trade Commission (FTC) is disbursing more than $1.2 million in refunds to borrowers who lost money to Consumer Defense, a fraudulent mortgage modification scheme. The FTC is sending payments to 6,261 consumers who will each receive $201.34. The agency...
