Mortgage application activity slowed for the week ending April 11, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 8.5% on a seasonally adjusted basis from one week...
Federal Housing Finance Agency (FHFA) Director Bill Pulte has announced his agency is establishing a tip line for the reporting of mortgage fraud activity. In a series of posts on X, Pulte declared this will be part of an increased effort by the FHFA to combat...
360training.com Inc., an online provider of regulatory-approved training and compliance solutions, has acquired My Mortgage Trainer, an NMLS-approved provider of mortgage education and compliance training. The financial terms of the transaction were not disclosed. The...
The 30-year fixed-rate mortgage averaged 6.62% as of April 10, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). This is down from last week when it averaged 6.64%. “The average 30-year fixed-rate mortgage continues to...
A St. Louis man pleaded guilty to one felony count of bank fraud in a case where he admitted to fraudulently obtaining home mortgages totaling more than $1.2 million. Edward James Mitchell Jr. participated in four fraudulent home mortgages from October 2021 through...
The Rocklin, California-based start-up Mortgage Marketing Vault has officially launched, offering a membership platform designed to simplify marketing efforts for traditional and reverse mortgage lenders. According to the company, the new platform offers online...
