Mortgage application activity surged during the week ending Sept. 12 thanks to an upswing in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, spiked by 29.7%...
Mortgage applications for new home purchases in August were down 6% from July but were also 1% higher from one year ago, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated new single-family home sales were running at a seasonally...
The head of the Mortgage Bankers Association (MBA) is calling on the Trump administration not to pursue a merger of Fannie Mae (OTCQB: FNMA) and Freddie Mac (OTCQB: FMCC) as part of its effort to conclude their longstanding federal conservatorships. In a blog post,...
Commercial mortgage delinquencies were on the rise during the second quarter, according to data from the Mortgage Bankers Association (MBA). Based on the unpaid principal balance of loans, the MBA reported the following second quarter delinquency rates based on...
A Michigan credit union is seeking to attract new home loan borrowers by offering 30-year fixed-rate mortgages at a 4.99% rate. The Detroit Free Press reports Michigan Legacy Credit Union — which has branches in Wyandotte, Warren, Pontiac, Highland Township and Flat...
Canadians are re-evaluating their relationships with their financial institutions for additional credit support, according to new research from Equifax Canada. Among the key findings from the survey are the following: 56% of mortgage holders say they will explore...
