Invesco Mortgage Capital Inc. (NYSE: IVR), an Atlanta-headquartered real estate investment trust focused on mortgage-backed securities and other mortgage-related assets, announced that President Kevin Collins will assume the role of CEO, effective May 1. Collins will...
The 30-year fixed-rate mortgage averaged 6.30% as of April 16, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTGCQB: FMCC). This is down from last week when it averaged 6.37% and is the second consecutive week of a declining rate. A...
Mortgage application activity picked up during the week ending April 10 thanks to an uptick in refinancing, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 1.8%...
Mortgage applications for new home purchases during March were up by 26% from the prior month and up 11% year-over-year, according to data from the Mortgage Bankers Association’s (MBA) Builder Application Survey. “Applications for the purchase of newly built...
Nationwide Mortgage Bankers (NMB) has promoted Yasser Valdes Herrera to president of Americasa, the company’s Spanish-language mortgage platform. Herrera first joined the company in 2022 as a loan officer before being promoted to producing sales manager. He served as...
Mortgage credit availability increased in March, according to the Mortgage Credit Availability Index (MCAI) a report from the Mortgage Bankers Association (MBA). Last month, the MCAI inched up by 1.1% to 108.3; the index was benchmarked to 100 in March 2012. The...
Hits and Misses for the Real Estate Week of May 4-8
