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...
Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 on each loan they originated in 2022, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report. In comparison, these companies...
Mortgage applications were on the decline, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 31. The MBA’s Market Composite Index took a 4.1% drop on a seasonally adjusted basis from one week earlier...
Detroit-headquartered Rocket Companies (NYSE:RKT) announced the debut of BUY+, a collaboration between its Rocket Mortgage and Rocket Homes operations. According to the company, BUY+ enables clients who obtain purchase financing from Rocket Mortgage and find a home...
The Miami-based cryptocurrency lending platform Moon Mortgage has launched two products designed to blend the realms of digital assets and property purchasing. The company’s new Trade & Borrow product is being billed as “the world’s first crypto loan margin...
