The Michigan State Housing Development Authority (MSHDA) is partnering with the Tobias Harris Homeownership Initiative (THHI), a program backed by Detroit Pistons icon Tobias Harris, on a new shared-appreciation mortgage pilot with Guild Mortgage and Homium that is...
A Phil Hall Op-Ed: There is absolutely nothing in Erik Siebert’s background to suggest he has a penchant for chicanery and dishonesty. A graduate of the prestigious Virginia Military Institute, he served as a police officer with the Metropolitan Police Department in...
Noreen Khan and her husband Christopher Mayberry pleaded guilty to one count of conspiracy for making false statements to loan businesses in relation to several mortgage loans they financed. Khan had been a technical manager for NASA, while a NASA contractor had...
Mortgage rates continued to decline in the latest its Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.26% as of Sept. 18, down from last week when it averaged 6.35%. A year ago at this time, it averaged...
Mortgage application activity surged during the week ending Sept. 12 thanks to an upswing in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, spiked by 29.7%...
Mortgage applications for new home purchases in August were down 6% from July but were also 1% higher from one year ago, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated new single-family home sales were running at a seasonally...
