Mortgage application activity last week experienced a downturn, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, was down 4.4% on a seasonally adjusted basis...
Cleveland-headquartered KeyBank (NYSE: KEY) has launched KeyBank Neighbors First Credit, the third in its series of Special Purpose Credit Programs designed to help borrowers achieved homeownership. According to the company, KeyBank Neighbors First Credit is designed...
Premia Relocation Mortgage, a joint venture between Guaranteed Rate Inc. (GRI) and Sirva, announced that the companies have signed a definitive agreement for GRI to assume full ownership of the company. The financial aspects of the transaction were not disclosed. The...
The U.S. Department of Justice (DOJ) announced that Indian Land, South Carolina-based Movement Mortgage LLC will pay $23.75 million to resolve allegations that it violated the False Claims Act when it failed to comply with material program requirements during its...
Mortgage rates are back on the upswing, according to the new Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.71% as of June 29, up from last week when it averaged 6.67%. One year ago at this time, it...
Despite still-high rates and a still-low housing inventory, mortgage application activity was on the rise last week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, a measure of mortgage loan application volume, increased...
Tampa Bay Rays in Tentative Deal with Local Officials on New $2.3 Billion B…
