Mortgage application activity slowed last week as rates continued to rise, according to new data from Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was down by 5.7% on a seasonally adjusted basis...
Atlanta-based Equifax (NYSE: EFX) has unveiled Employment Select+, a new tool for the mortgage origination process. Employment Select+ uses data from Equifax’s proprietary database The Work Number to provide originators at closing with an instant view into a...
The share of home loans in forbearance declined by 4 basis points from March to April, reaching a level of 0.51% of servicers’ portfolio volume, according to new data from the Mortgage Bankers Association (MBA). The share of Fannie Mae and Freddie Mac loans in...
U.S. household debt passed the $17 trillion mark for the first time, according to data from the Federal Reserve Bank of New York. The newly published Quarterly Report on Household Debt and Credit reported a $148 billion (0.9%) increase to $17.05 trillion by the end of...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed rates taking a slight drop from last week. The 30-year fixed-rate mortgage averaged 6.35% as of May 11, down from last week when it averaged 6.39%. A year ago at this time, the rate...
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.56% by the end of the first quarter of this year, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This...
