Mortgage application activity slowed again for week ending Oct. 10, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.8% on a seasonally adjusted basis from one...
United Wholesale Mortgage (UWM) has announced a new partnership with Bilt, the housing and neighborhood loyalty platform. According to the companies, UWM is the first mortgage platform that will allow its loan customers to earn Bilt Points with every on-time mortgage...
Experian (OTCMKTS: EXPGY) is now providing the VantageScore 4.0 credit score for free to its US mortgage clients. The Costa Mesa, California-based company said it would offer a free VantageScore 4.0 indefinitely so lenders can evaluate using VantageScore during the...
PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE: ONIT), is rolling out a suite of proprietary non-qualified mortgage (non-QM) products known as FlexIQ. The product suite will be available starting Oct. 20 through its correspondent lending channel for delegated...
Angel Oak Mortgage Solutions LLC, the Atlanta-headquartered wholesale and correspondent non-qualified mortgage (non-QM) lender, has expanded is product line with the debut of 5-year and 7-year Adjustable-Rate Mortgages (ARM). According to the company, the new ARM...
After rising for two weeks, mortgage rates reversed course and declined in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9, down from last week when it averaged 6.34%. A year...
