The total number of mortgages now in forbearance dipped by 2 basis points from 0.38% of servicers’ portfolio volume in February to 0.36% by the end of March, according to data from the Mortgage Bankers Association (MBA), which estimated 180,000 homeowners are in...
Mortgage applications for new home purchases during March was up 5.5% year-over-year and up 14% month-over-month, according to data from the Mortgage Bankers Association. MBA estimated new single-family home sales were running at a seasonally adjusted annual rate of...
Ohio Attorney General Dave Yost has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) that accuses the company of “conspiring with brokers to rip off Ohio consumers.” In his lawsuit, Yost – who launched his campaign for Ohio governor in January – alleged...
A new bill has been introduced in the California legislature that will provide a temporary relief for homeowners impacted by the recent Los Angeles County wildfires. CBS News reports that the “Mortgage Relief for Disaster Survivors Act” would give...
The latest Primary Mortgage Market Survey from Freddie Mac (OTCQB: FMCC) showed the 30-year fixed-rate mortgage rising for the first time in 13 weeks, although the government-sponsored enterprise insisted on emphasizing the positive aspects of this development. The...
American Financial Resources (AFR), a national mortgage lender headquartered in Parsippany, New Jersey, announced the promotion of Robert Pieklo to CEO and Michael Brenning to chief operating officer (COO). Pieklo joined AFP as COO in February 2024 following its...
