Mortgage credit availability inched up last month, according to the latest Mortgage Credit Availability Index (MCAI) report published by the Mortgage Bankers Association (MBA), although the level of available is still close to a 10-year low. The MCAI was up by 0.4% to...
Despite continued burdens created by inflation and mortgage rates that are still on the high side, many first-time homebuyers are more confident about their financial health and their ability to acquire residential property. According to TD Bank’s (NYSE: TD) newly...
Cleveland-headquartered KeyBank (NYSE: KEY) has debuted its Fair Housing Month poll, which surveyed 1,000 homeowners in households earning less than $75,000 annually regarding their homebuying and lending experiences. The inaugural poll found that nearly one-third...
Homepoint, an Ann Arbor, Michigan-based wholesale lender, has entered into a definitive agreement to sell certain assets of the company’s wholesale originations channel to The Loan Store Inc., a national wholesale lender based in Tucson, Arizona. The financial aspects...
The New York Times has published an investigative article questioning the potential of age discrimination in mortgage origination. The article “A Great Credit Score, but She Can’t Get a Mortgage” stated that “many older Americans have a hard time refinancing because...
Freddie Mac (OTCQB: FMCC) reported a downward trend in the latest Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 6.28% as of April 6, down from last week when it averaged 6.32%. A year ago at this time, the rate averaged 4.72%. The 15-year...
Hits and Misses for the Real Estate Week of May 11-15
