Mortgage application activity took a downturn for the week ending Jan. 23, according to data from the Mortgage Bankers Association (MBA). This week’s results include an adjustment for the Martin Luther King Jr. Day federal holiday. The Market Composite Index, the...
The law firm of Hagens Berman has announced a consumer class action lawsuit against Rocket Companies (NYSE: RKT) that accuses the Detroit-based financial giant of forcing its agents to steer clients into using Rocket Mortgage. The lawsuit, which was filed Jan. 26 in...
The national mortgage delinquency rate fell by 16 basis points (bps) in December to 3.68% following November’s calendar related high, according to data from ICE Mortgage Technology. This marked a 3 bps dip from December 2024 and a 26 bps decline from the December 2019...
Federal Housing Finance Agency (FHFA) Director Bill Pulte accommodated President Trump’s announcement of a federal purchase of $200 billion in mortgage bonds by making a unilateral and unpublicized policy change that enabled Fannie Mae and Freddie Mac to raise the...
Ginnie Mae announced it generated a total issuance was $526.4 billion for its fiscal year 2025, a 7.2% year-over-year increase in the outstanding portfolio. As a result of this issuance total, the agency’s mortgage-backed securities portfolio grew by $190.9 billion to...
Mortgage rates inched up slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.09% as of Jan. 22, up from last week when it averaged 6.06%. A year ago at this time, it averaged 6.96%....
Existing Home Sales Inch Up by 0.2%
