A growing number of borrowers were filling out mortgage applications during the week ending Aug. 1, according to data from the Mortgage Bankers Association. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.1% on a...
The Homebuyers Privacy Protection Act, which targets the use of “trigger leads,” passed the US Senate by unanimous consent on Saturday and is now awaiting President Trump to sign it into law. The legislation, HR 2808, passed through the House of Representatives on...
Commercial and multifamily mortgage loan originations during the second quarter were up by 48% from the first quarter and up 66% from one year earlier, according to data from the Mortgage Bankers Association (MBA). On a year-over-year measurement, there was a 140%...
A pair of new data reports showed a slight decline in mortgage rates and a slight uptick in homebuyer affordability. The 30-year fixed-rate mortgage averaged 6.72% as of July 31, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC)....
Sen. Cynthia Lummis (R-WY) has introduced a bill to codify the directive made by Bill Pulte, director of the Federal Housing Finance Agency, that would allow cryptocurrency to be considered as an asset for mortgages delivered to the government-sponsored enterprises...
Fewer prospective homebuyers were filling out mortgage applications during the week ending July 25, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.8% on a...
