Mortgage application activity slowed for the week ending Aug. 21, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by 1% on a seasonally adjusted basis from one...
Anaheim, California-based Carrington Mortgage Services has expanded its Flexible Advantage non-QM program, opening additional financing options for borrowers whose credit histories, income documentation or investment profiles can leave them outside traditional...
loanDepot has received a deficiency notice from the New York Stock Exchange after its Class A common stock fell below the exchange’s minimum continued-listing price requirement. The mortgage lender disclosed Friday that it received written notice from the NYSE on Aug....
NEXA Lending is acquiring UMortgage in a major consolidation move involving two prominent companies in the independent mortgage broker channel. The transaction was announced Sunday, Aug. 23. Under the agreement, UMortgage will move onto NEXA’s larger operating...
The Atlanta-based fintech Knock announced the expansion of its Knock Bridge Loan to Texas. According to the company, the product can pay off the homeowner’s current mortgage and release the equity locked up in their old home, thus eliminating their monthly mortgage...
Mortgage rates declined for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of Aug. 20, down from last week when it averaged 6.67%. A year ago at...
