PHH Mortgage, a subsidiary of Onity Group Inc. (NYSE: ONIT), is rolling out a suite of proprietary non-qualified mortgage (non-QM) products known as FlexIQ. The product suite will be available starting Oct. 20 through its correspondent lending channel for delegated...
Angel Oak Mortgage Solutions LLC, the Atlanta-headquartered wholesale and correspondent non-qualified mortgage (non-QM) lender, has expanded is product line with the debut of 5-year and 7-year Adjustable-Rate Mortgages (ARM). According to the company, the new ARM...
After rising for two weeks, mortgage rates reversed course and declined in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9, down from last week when it averaged 6.34%. A year...
Mortgage credit availability inched up in September, according to the latest Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI rose by 0.4% to 104.4 in September; the index was benchmarked to 100 in March 2012. The...
Mortgage debt accounted for nearly three-quarters of all US consumer debt during August, according to the latest Consumer Credit Trends Report published by Equifax (NYSE: EFX). In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Mortgage...
Mortgage application activity trended downward during the week ending Oct. 3, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 4.7% on a seasonally adjusted...
Hits and Misses for the Real Estate Week of June 22-26
