The mortgage banking industry has been reconfigured with merger and acquisition news involving two pairs of prominent originators. American Pacific Mortgage (APM) and Synergy One Lending announced a merger that the companies said would expand their national presence...
Nathaniel Anderson, a town councilman and the former Mayor of Willingboro in Burlington County, New Jersey, was sentenced to 12 months and a one day in prison, followed by a three-year term of supervised release for committing mortgage fraud in connection with a...
A New York City attorney with a suspended license was indicted for collectively stealing more than $1 million from two borrowers at mortgage refinancings and from Dime Community Bank by writing bad checks. According to the charges brought against him, Jose Polanco...
Mortgage rates declined in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.48% as of June 4, down from last week when it averaged 6.53%. A year ago at this time, it averaged 6.85%. The...
Better Home & Finance Holding Co. (NASDAQ: BETR) has partnered with Coinbase (NASDAQ: COIN) to announce the funding of the first Fannie Mae-approved mortgage backed by Bitcoin. The companies announced the loan was transacted in Ann Arbor, Michigan, by a married...
Mortgage application activity slowed again for the week ending May 29, according to data from the Mortgage Bankers Association (MBA). This week’s results include an adjustment for the Memorial Day holiday. The Market Composite Index, the MBA’s measure of mortgage loan...
