There was good news on the application front last week, according to the latest data from the Mortgage Bankers Association. The Market Composite Index, the trade group’s measure of mortgage loan application volume, was up by 5.4% on a seasonally adjusted basis from...
The total number of mortgage loans now in forbearance fell by 6 basis points month-over-month to 0.33% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). Roughly 165,000 homeowners are currently in forbearance plans. During August, the share...
Cleveland-based CrossCountry Mortgage (CCM) is seeking to expand its support to Hispanic homebuyers with the launch of a new Spanish-language loan application. CCM’s Spanish-language application is an extension of the company’s Hispanic Initiative, a...
Addison, Texas-based Mortgage Machine Services, a provider of digital origination technology to residential mortgage lenders, has launched of its namesake platform Mortgage Machine, a loan origination system (LOS) designed to accelerate lenders’ operational velocity...
Mortgage rates resumed their upward trajectory and stayed above the dreaded 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 Sept. 14, up from last week when it averaged...
Credit union activity in the mortgage and home equity line of credit (HELOC) markets recorded a decline during the third quarter of this year, according to new data from TransUnion (NYSE:TRU). The balances on credit union-originated mortgages grew more than 4%...
Hits and Misses for the Real Estate Week of Aug. 10-14
