A total of $480.1 billion in new mortgages were originated in 2022 for apartment buildings with five or more units, according to new data from the Mortgage Bankers Association. This represents a 1% year-over-year decline. Last year’s total was generated by 2,242...
CBC Mortgage Agency, a Native American-owned nationally chartered housing finance agency headquartered in Cedar City, Utah, was approved by the U.S. Department of Agriculture (USDA) to provide 30-year mortgage loans for borrowers outside of urban and suburban areas....
Mortgage rates ascended anew in Freddie Mac’s (OTCQB: FMCC) latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.81% as of July 27, up from last week when it averaged 6.78%. A year ago at this time, it averaged 5.30%. The 15-year...
U.S. mortgage delinquency plummeted to a historic depth, according to new data from CoreLogic that determined 2.6% of all mortgages were in some stage of delinquency during May. This is down from 2.8% in April and 2.7% in May 2022. During May, early-stage...
The combination of elevated mortgage rates and an inflation-heavy economy has created a financial strain and growing unhappiness with customer service among mortgage servicing customers, according to the J.D. Power 2023 U.S. Mortgage Servicer Satisfaction Study. This...
The latest housing market statistics showed a drop in home sales last month and a lower level of mortgage application activity last week. Sales of new single‐family houses in June were at a seasonally adjusted annual rate of 697,000, according to estimates published...
