myFICO, the consumer division of FICO (NYSE: FICO), has rolled out the FICO Mortgage Score Simulator, a new tool designed to help consumers better prepare their credit health before applying for a mortgage. Now available to myFICO Premier subscribers, the new tool...
Veterans United Home Loans has been hit with a class action lawsuit that accuses the lender of making false claims regarding its ties to the Department of Veterans Affairs while steering borrowers into costlier mortgages. ABC 17 News reports the lawsuit, filed on Feb....
Mortgage rates hit their lowest level since September 2022, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.01% as of Feb. 19, down from last week when it averaged 6.09%. A year...
Mortgage applications for new home purchases during January were up by 19% from the prior month and up by 2% from one year earlier, according to data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally...
Mortgage applications took an upswing for the week ending Feb. 13, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 2.8% on a seasonally adjusted basis from one...
A credit union in Vermont has introduced a home financing program aligned with the principles of Islam. The Burlington Free Press reports NorthCountry Federal Credit Union has partnered with Guidance Residential, an Islamic home finance provider, that adheres to the...
Hits and Misses for the Real Estate Week of March 16-20
