Mortgage credit availability declined in November, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1.7% to 96.5 last month; the index was benchmarked to 100 in March 2012. The...
The latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC) finds mortgage rates in a continued decline. The 30-year fixed-rate mortgage averaged 7.03% as of Dec. 7, down from last week when it averaged 7.22%. A year ago at this time, it averaged...
Rice Park Capital Management LP, a Minneapolis-based, private investment firm, announces it has formed an advisory board for its strategic equity investing strategy (RPC Ventures) that is designed to provide expert insight related to the real estate, mortgage and...
Alliant Credit Union, a Chicago-based institution with more than 800,000 members and more than $19 billion in assets, has expanded the mortgage product line-up for its membership. Alliant will now be providing three federal mortgages – FHA, VA and USDA – along with a...
Mortgage application activity was on the rise again, according to Mortgage Bankers Association (MBA) data for the week ending Dec. 1. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.8% on a seasonally adjusted basis from...
CBC Mortgage Agency (CBCMA), a Native American wholly owned and federally chartered housing finance agency, has unveiled a buydown feature for its down payment assistance program for FHA first mortgage financing. According to the South Jordan, Utah-based CBCMA, the...
