The 30-year fixed-rate mortgage surged higher, averaging 7.57% as of Oct. 12, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). Last week, it averaged 7.49%, and a year ago at this time it averages 6.92%. “For the fifth...
Mortgage application activity recorded a slight uptick last week, according to new data from Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, inched up by 0.6% on a seasonally adjusted basis...
The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Freedom Mortgage Corp. that alleged its mortgage loan data that was “riddled with errors” and put the Boca Raton, Florida-based company in violation of both the Home Mortgage Disclosure Act (HMDA)...
Mortgage credit availability increased in September, according to the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) increased by 0.6% to 97.2 last month; the index was benchmarked to 100 in March 2012. Both the Conventional...
The Bangor, Maine-based titleLOOK by Mainspring Services announced that it is now offering its automated title review to lenders, government-sponsored enterprises and other organizations in the mortgage banking sector. titleLOOK was launched in 2021 and was initially...
The leadership of the Mortgage Bankers Association, the National Association of Home Builders and the National Association of Realtors have sent a joint letter to Federal Reserve Chairman Jerome Powell warning that the central bank’s policy of rate hikes is creating...
Illinois Gov. Pritzker: Don’t Blame Me for High Property Taxes
