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Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

Guild Mortgage Adds 8 California Branches From Fairway Independent Mortgage

by Phil Hall | Apr 20, 2023 | Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

San Diego-headquartered Guild Mortgage (NYSE: GHLD), added a new district consisting of eight branch offices and 40 employees who were formerly with Fairway Independent Mortgage. John Lowe, formerly senior vice president and division manager at Fairway, has been named...
Foreclosure Activity Up 22% Year-Over-Year

Foreclosure Activity Up 22% Year-Over-Year

by Phil Hall | Apr 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

A total of 95,712 U.S. properties carried foreclosure filings during the first quarter of this year, according to new data from ATTOM. This is a 6% uptick from the previous quarter and a 22% spike from one year ago. Nationwide, one in every 1,459 housing units had a...
MBA: Mortgage Application Activity Down 8.8%

MBA: Mortgage Application Activity Down 8.8%

by Phil Hall | Apr 19, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Fewer people were applying for mortgages last week, according to new data from the Mortgage Bankers Association (MBA). The trade group’s Market Composite Index, a measure of mortgage loan application volume, was down by 8.8% on a seasonally adjusted basis from one...
New Home Purchase Mortgage Applications Up, Forbearance Level Down

New Home Purchase Mortgage Applications Up, Forbearance Level Down

by Phil Hall | Apr 18, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two new data reports from the Mortgage Bankers Association (MBA) show a rise in new home purchase mortgage applications and a decline in the number of home loans in forbearance. The MBA Builder Application Survey data for March reported a 0.6% year-over-year increase...
Rocket Mortgage Canada in New Pact with RESAAS Services

Rocket Mortgage Canada in New Pact with RESAAS Services

by Phil Hall | Apr 18, 2023 | International Real Estate News, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

RESAAS Services Inc. (OTCQB: RSASF), a Vancouver-based provider of technology solutions for the real estate Industry, has announced a preliminary partnership with the digital broker Rocket Mortgage Canada, a division of Rocket Companies (NYSE:RKT). Under the terms of...
Proper Rate Launches Same Day Mortgage

Proper Rate Launches Same Day Mortgage

by Phil Hall | Apr 14, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Proper Rate, a Chicago-headquartered joint venture between Guaranteed Rate and @properties, has debuted Same Day Mortgage, a service that provides a loan approval decision in less than 24 hours. The service was tested with select group of Proper Rate and Guaranteed...
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