The pressure from elevated mortgage rates drove down the Home Purchase Sentiment Index in (HPSI) last month, according to Fannie Mae (OTCQB:FNMA). Last month’s HPSI sank by 2.4 points to 64.5, with five of the HPSI’s six components decreasing month-over-month,...
Arch Capital Group Ltd. (NASDAQ: ACGL) has promoted Seamus Fearon to CEO of international mortgage for the Arch Global Mortgage Group. In this role, Fearon will have responsibility for managing Arch’s Australian and European mortgage operations as well as its...
PADS Financial, a Montreal-based Fintech startup, announced the launch of PADS, an online platform for first and second rank mortgage origination and servicing within Canada’s housing market. According to the company, the PADS online portal enables users to...
The 30-year fixed-rate mortgage spiked again, averaging 7.49% as of Oct. 5, according to new data from Freddie Mac (OTCQB: FMCC). This is up from last week when it averaged 7.31%. A year ago at this time, it averaged 6.66%. “Mortgage rates maintained their upward...
Sandy, Utah-headquartered Citywide Home Loans has named John Cady as its new president. Cady will be charged with continuing Citywide Home Loans’ 1national growth – the company currently has 55 offices in 36 states. Cady was previously senior financial president...
Mortgage applications activity continued to evaporate, according to data from the Mortgage Bankers Association (MBA) for the week ending Sept. 29. The Market Composite Index, the trade group’s measure of mortgage loan application volume, dropped by 6% on both a...
Illinois Gov. Pritzker: Don’t Blame Me for High Property Taxes
