Two new data reports from the Mortgage Bankers Association (MBA) show a rise in new home purchase mortgage applications and a decline in the number of home loans in forbearance. The MBA Builder Application Survey data for March reported a 0.6% year-over-year increase...
RESAAS Services Inc. (OTCQB: RSASF), a Vancouver-based provider of technology solutions for the real estate Industry, has announced a preliminary partnership with the digital broker Rocket Mortgage Canada, a division of Rocket Companies (NYSE:RKT). Under the terms of...
Proper Rate, a Chicago-headquartered joint venture between Guaranteed Rate and @properties, has debuted Same Day Mortgage, a service that provides a loan approval decision in less than 24 hours. The service was tested with select group of Proper Rate and Guaranteed...
Mortgage rates were on the decline again, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTC:FMCC). The 30-year fixed-rate mortgage averaged 6.27% as of April 13, down from last week when it averaged 6.28%. A year ago at this time, it...
Mortgage application activity was on the rise last week, according to new data from the Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was up 5.3% on a seasonally adjusted basis from one week...
United Wholesale Mortgage (UWM) has debuted Conventional 1% Down, a product designed to enable homebuyers to purchase a home with a down payment of only 1% contributed by the borrower. According to the Pontiac, Michigan-based company, when a borrower puts 1% down with...
