Independent mortgage banks (IMBs) transact more home loans in low- and moderate-income (LMI) neighborhoods and predominantly minority neighborhoods than and banks, according to a new report coordinated by the Urban Institute on behalf of the Mortgage Bankers...
The Federal Deposit Insurance Corp. (FDIC) has begun selling mortgage-backed bonds from Silicon Valley Bank and Signature Bank (OTC:SBNY). The Wall Street Journal reported the FDIC put up $700 million of high-quality mortgage-backed bonds yesterday as part of an...
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...
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...
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...
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...
