A New York City man pleaded guilty in US District Court in Bangor, Maine, to submitting a false mortgage loan application and illegally maintaining a marijuana-involved premises. According to court records, Ken Yiu, purchased a house in Saint Albans, Maine, using an...
Mortgage application activity came off the Thanksgiving holiday weekend on the upswing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 4.8% on a seasonally...
The typical mortgage holder pays roughly $1,300 in principal and interest per month, according to a new data report from Realtor.com. However, to purchase a typical home in today’s market, these homeowners would need to make a monthly payment of nearly $2,236,...
Mortgage credit availability was on the rise during November, according to the Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI rose by 0.7% to 107.5 in November; the index was benchmarked to 100 in March 2012. The...
Refinance retention reached a 3.5-year high (28%) during the third quarter with servicers retaining more than half of borrowers refinancing out of 2024 vintage loans, according to the newly published December 2025 ICE Mortgage Monitor Report. Rate-and-term retention...
Mat Ishbia, the CEO of United Wholesale Mortgage (NYSE: UWMC), voiced his support for the 50-year mortgage floated by President Trump and Federal Housing Finance Agency Director Bill Pulte while praising them for concern and support of the housing market. In a video...
Hits and Misses for the Real Estate Week of June 22-26
