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...
Freddie Mac (OTCQB: FMCC) announced the availability of new, standardized mortgage documents designed to standardize down payment assistance (DPA) programs. Traditionally, subordinate lien documents were tailored to specific housing finance agencies (HFAs). In...
A Taylor Swift-inspired auction, two cities scoring major international events and a surprising number of people wishing for the housing market to crash. From the wild and wooly world of real estate, here are the hits and misses for the week of Nov. 27 to Dec. 1. Hit:...
Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit expressed unease over the Department of Veterans Affairs’ (VA) request that servicers pause foreclosure proceedings of VA-guaranteed loans. Earlier this month, the VA asked mortgage servicers for a...
Hits and Misses for the Real Estate Week of June 29-July 3
