Mortgage application activity declined for the fourth consecutive week, according to data from the Mortgage Bankers Association (MBA). At the end of last week, the trade group’s Market Composite Index was down by 1.4% on a seasonally adjusted basis from one week...
Birmingham, Alabama-headquartered Regions Bank (NYSE:RF) has tapped Fred Behnke to serve as head of the bank’s Homebuilder Finance team. Behnke most recently served as regional manager for the company’s east region and succeeds Danny Hill, who retired from Regions....
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) requires an upward view. The 30-year fixed-rate mortgage averaged 6.79% as of June 1, up from last week when it averaged 6.57%. A year ago at this time, it averaged 5.09%. The 15-year fixed-rate...
A total of 1.25 million mortgages secured by residential property were originated in the first quarter of this year, according to new data from ATTOM. This represented a 19% drop from the fourth quarter of 2022 – the eighth consecutive quarterly decrease – and a 56%...
Americans were not rushing to fill out mortgage applications last week. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, decreased 3.7% on a seasonally adjusted basis for the week ending May 26 compared to...
A coalition of 18 Republican governors called on the Biden administration to reverse the Federal Housing Finance Agency’s (FHFA) changes to the Fannie Mae and Freddie Mac loan level pricing adjustment (LLPA) structure for borrowers seeking a mortgage. “The new LLPA...
