Mortgage applications surged to its highest level since last September, according to data from the Mortgage Bankers Association (MBA) covering the week ending April 4. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 20% on...
United Wholesale Mortgage (NYSE: UWMC) has entered a partnership with Google Cloud that aims to bring a new era of artificial intelligence (AI) solutions to the mortgage lending industry. According to the companies, UWM will integrate Google Cloud AI and machine...
Next Level Education, a start-up company focused on continuing education and training for the mortgage industry, has opened for business. Co-founded by longtime mortgage industry professionals JR Huber and Debbie Gadberry, the new company will offer four types of...
The Department of Veterans Affairs (VA) is planning to end a mortgage rescue program for veterans that was introduced less than one year ago. The Veterans Affairs Servicing Purchase (VASP) program went into effect last May with the goal of purchasing defaulted VA...
Mortgage rates sank again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.64% as of April 3, down slightly from last week when it averaged 6.65%. A year ago at this time, it averaged...
A slowing of refinance activity drove down the level of mortgage applications for the week ending March 28, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 1.6%...
