Redwood Trust, Inc. (NYSE: RWT) has launched Aspire, an in-house home equity investment (HEI) origination platform designed to provide consumers access to their home equity without additional monthly payment obligations. The Mill Valley, California-based company plans...
The level of mortgage application activity evaporated last week, according to new data from the Mortgage Bankers Association (MBA). “Mortgage applications declined to the lowest level since December 1996, despite a drop in mortgage rates,” said Joel Kan, MBA’s vice...
Three new data reports have concluded that more people are taking out mortgages and are willing to pay more for their properties, while fewer people who already own homes are having problems paying back their home loans. Uptick in Lending: ATTOM’s 2023 U.S....
Mortgage rates recorded a decline but still remained above the 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 Aug. 31, down from last week when it averaged 7.23%. A year...
Cincinnati-headquartered Core Specialty Insurance Holdings Inc. is entering the mortgage reinsurance market. Core Specialty will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. The company has also entered into an advisory...
Mortgage applications for purchase loans and refinances increased for the first time in five weeks, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 25. The Market Composite Index, the trade group’s measure of mortgage...
Hits and Misses for the Real Estate Week of Aug. 10-14
