A new report is accusing the Trump administration of not practicing what it preaches regarding political figures with multiple mortgages that each claim to be for a primary residence. An investigative article published by ProPublica has found Labor Secretary Lori...
A total of $288.7 billion in new mortgages for multifamily properties with five or more units was originated in 2024, according to data from the Mortgage Bankers Association (MBA). This represented a 17% year-over-year increase. While the MBA tracked 2,463 different...
The 30-year fixed-rate mortgage averaged 6.50% as of Sept. 4, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.56%, but it is also up from one year ago when it averaged 6.35%....
Mortgage application activity decelerated for the week ending Aug. 29, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.2% on a seasonally adjusted basis from...
The correspondent division of PennyMac Financial Services Inc. (NYSE: PFSI) is rolling out a new suite of non-qualified mortgage (non-QM) products on Sept. 22. According to the Westlake Village, California-based company, the new product types include Debt Service...
A total of 1.76 million mortgages secured by residential property (one to four units) were issued in the second quarter, a 19.4% surge from the prior quarter and a 6.3% increase from the same period last year. According to data from ATTOM, the second quarter’s $601.7...
