Mortgage application activity ended 2025 and began 2026 on the downturn, according to data from the Mortgage Bankers Association (MBA) for the two-week period ending Jan. 2. The data includes adjustments for the year-end holidays. The Market Composite Index, the MBA’s...
Lake City, Florida-headquartered First Federal Bank has acquired NOLA Lending Group, the mortgage division of New Orleans-based Fidelity Bank. Under the terms of the agreement, First Federal Bank will purchase NOLA Lending Group assets and will continue to serve...
The Federal Housing Administration (FHFA) has released its Fiscal Year 2025 report on the state of the Mutual Mortgage Insurance Fund (MMI Fund), a $1.6 trillion single-family mortgage portfolio. According to the report, the MMI Fund’s Capital Ratio as of Sept. 30 was...
The final Primary Mortgage Markey Survey published by Freddie Mac (OTCQB: FMCC) found 2025 ending with mortgage rates at their lowest level of the year. The 30-year fixed-rate mortgage averaged 6.15% as of Dec. 31, down from last week when it averaged 6.18%. A year...
reAlpha Mortgage, a division of reAlpha Tech Corp. (NASDAQ: AIRE), has launched a national loan officer recruitment program. According to the Dublin, Ohio-based company, the program will offer Restricted Stock Unit (RSU) awards to loan officers who join reAlpha. The...
Housing and Urban Development (HUD) Secretary Scott Turner declined to endorse President Trump’s proposal of a 50-year mortgage plan to help reanimate the housing market, stating the idea needed to be studied further before being put forth as a solution to the...
