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Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August

Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August

by Phil Hall | Oct 8, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

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 Slows Down Again

Mortgage Application Activity Slows Down Again

by Phil Hall | Oct 8, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

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...
Second Prosecutor Balks at Trump Pressure to Indict Letitia James for Mortgage Fraud

Second Prosecutor Balks at Trump Pressure to Indict Letitia James for Mortgage Fraud

by Phil Hall | Oct 7, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Another prosecutor in the US Attorney’s Office Eastern District of Virginia may soon face the choice of resigning or being fired for balking at President Trump’s demands to indict New York Attorney General Letitia James on mortgage fraud charges relating to a property...
First Residential Independent Mortgage, a New Lender, Begins Operations

First Residential Independent Mortgage, a New Lender, Begins Operations

by Phil Hall | Oct 6, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

Mortgage Research Center, LLC, the parent company of Veterans United Home Loans, has launched First Residential Independent Mortgage, a full-service mortgage lender. Headquartered in Springfield, Missouri, First Residential Independent Mortgage will specialize in...
reAlpha Mortgage Expands into Nevada Marketplace

reAlpha Mortgage Expands into Nevada Marketplace

by Phil Hall | Oct 3, 2025 | Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

reAlpha Mortgage, a division of Dublin, Ohio-based reAlpha Tech Corp. (NASDAQ: AIRE), has expanded its operations into Nevada. To lead the expansion, reAlpha has appointed Jennifer Buserini as the company’s originating loan officer for Nevada. She was previously a...
Mortgage Rates Rise for Second Straight Week

Mortgage Rates Rise for Second Straight Week

by Phil Hall | Oct 2, 2025 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates increased for the second consecutive week, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.34% as of Oct. 2, up from last week when it averaged 6.30%. A year ago...
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