A combination of ongoing financial stress and new jitters over the debt ceiling talks helped to scare aware potential mortgage borrowers. The Mortgage Bankers Association reported that its Market Composite Index, a measure of mortgage loan application volume,...
The national mortgage delinquency rate was up by 13% from the record low in March into April, according to new data from Black Knight Inc. (NYSE:BKI). But while that might seem extreme, the total U.S. delinquency rate in April was only a mere 3.31%. Early-stage...
Mortgage Bankers Association President and CEO Bob Broeksmit took aim and fired an angry volley at politicians and regulators that he said were trying to burden the mortgage banking industry with a new round of onerous regulation. Speaking today at the trade group’s...
Rocket Mortgage, the retail home lender division of Rocket Cos. (NYSE: RKT), has introduced ONE+, a 1% down home loan program designed to expand access homeownership for low- and moderate-income households. According to the Detroit-headquartered company, the new...
Mortgage applications for new home purchases were up by 4.1% in April from one year ago but were down 11% from March, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated that new single-family home sales were running at a seasonally...
Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey, and it is not welcome news for those hoping to see mortgage rates decline. The 30-year fixed-rate mortgage averaged 6.39% of May 18, up from last week when it averaged 6.35%. A year...
FBI Adds Fugitive Real Estate Fraudster to Most Wanted List
