Salem, Oregon-headquartered Willamette Valley Bank announced it will discontinue it residential mortgage lending business effective March 31. “The residential mortgage industry has undergone significant changes in recent years, including the growth of online and...
The 30-year fixed-rate mortgage averaged 5.98% in today’s Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.01%. A year ago at this time, it averaged 6.76%. “For the first time in three and a half...
Mortgage application activity was mostly flat for the week ending Feb. 20, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, inched up by only 0.4% on a seasonally adjusted...
myFICO, the consumer division of FICO (NYSE: FICO), has rolled out the FICO Mortgage Score Simulator, a new tool designed to help consumers better prepare their credit health before applying for a mortgage. Now available to myFICO Premier subscribers, the new tool...
Veterans United Home Loans has been hit with a class action lawsuit that accuses the lender of making false claims regarding its ties to the Department of Veterans Affairs while steering borrowers into costlier mortgages. ABC 17 News reports the lawsuit, filed on Feb....
Mortgage rates hit their lowest level since September 2022, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.01% as of Feb. 19, down from last week when it averaged 6.09%. A year...
Hits and Misses for the Real Estate Week of June 22-26
