Mortgage rates recorded a decline but still remained above the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB:FMCC). The 30-year fixed-rate mortgage averaged 7.18% as of Aug. 31, down from last week when it averaged 7.23%. A year...
Cincinnati-headquartered Core Specialty Insurance Holdings Inc. is entering the mortgage reinsurance market. Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. The company has also entered into an advisory...
Mortgage applications for purchase loans and refinances increased for the first time in five weeks, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 25. The Market Composite Index, the trade group’s measure of mortgage...
Phoenix-headquartered Integro Bank has announced the launch of a mortgage division. Steven Zielsdorf, vice president and director of residential mortgage lending, will lead the new division for Integro Bank, a single-branch community bank with $42.6 million in assets....
The Mortgage Bankers Association’s (MBA) Opens Doors Foundation announced that it has provided mortgage and rental payment assistance to more than 15,000 families since starting its Home Grant Program in 2012. Founded in 2011 and first partnering with Children’s...
A Phil Hall Op-Ed: On Nov. 12, 2009, the American Enterprise Institute (AEI) sponsored a seminar Washington, D.C., entitled “Is it Possible to Reprivatize the U.S. Financial System?” At the time, the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac...
