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HomeEquity Bank Taps TV Journalist Peter Mansbridge for Reverse Mortgage Campaign

HomeEquity Bank Taps TV Journalist Peter Mansbridge for Reverse Mortgage Campaign

by Phil Hall | Jan 12, 2024 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Toronto-headquartered HomeEquity Bank has hired longtime journalist and broadcaster Peter Mansbridge as a strategic communications consultant. According to the bank, Mansbridge will be part of a campaign focused on the CHIP Reverse Mortgage. In a new campaign that...
Mortgage Rates Hold Steady in the Mid-6% Range

Mortgage Rates Hold Steady in the Mid-6% Range

by Phil Hall | Jan 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates remained at the mid-6% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, slightly up from last week when it averaged 6.62%. A year ago at this time, it...
Foreclosure Filings Up 10% in 2023

Foreclosure Filings Up 10% in 2023

by Phil Hall | Jan 11, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88% from the 2010...
NRL Mortgage and Calque Unveil The Trade-In Mortgage

NRL Mortgage and Calque Unveil The Trade-In Mortgage

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

NRL Mortgage has partnered with the fintech Calque to launch The Trade-In Mortgage in 45 states. According to the companies, The Trade-In Mortgage enables homeowners to leverage their home equity to purchase a new home before selling their current one. By working with...
Mortgage Application Volume Up Nearly 10%

Mortgage Application Volume Up Nearly 10%

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The new year began on a positive note for the mortgage space, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 5. The Market Composite Index, the MBA’s measure of mortgage loan application volume, jumped by 9.9% on a seasonally...
Guaranteed Rate Debuts RateReduce Sell Program

Guaranteed Rate Debuts RateReduce Sell Program

by Phil Hall | Jan 10, 2024 | Mortgage Information, News/Current Events, Real Estate Agent Tools, Real Estate News, U.S. Housing Market, WRE News Exclusive

Chicago-headquartered Guaranteed Rate has enhanced its RateReduce offering to include RateReduce Sell, a program designed to help real estate agents facing a challenging home sales market. According to the company, RateReduce Sell provides real estate agents the...
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