Mortgage applications for new home purchases during July were down by 1% from the prior month and down 5.7% from one year before, according to new data from the Mortgage Bankers Association (MBA). The MBA estimated new single-family home sales were running at a...
Mortgage application activity saw relatively little movement for the week ending Aug. 14, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dipped by a scant 0.4% on a...
Lynn Beckstead, a former president of Salt Lake City-based SecurityNational Mortgage, a subsidiary of Security National Financial Corporation (NASDAQ: SNFCA), passed away on Aug. 12 at the age of 72. Born Jack Lynn Beckstead Jr., he grew up in the Rose Park area of...
Ginnie Mae issued $53.1 billion in total mortgage-backed securities (MBS) during July, resulting in net portfolio growth of $20.5 billion. Last month’s issuance grew the agency’s MBS portfolio outstanding grew to $2.99 trillion. In addition, Ginnie Mae facilitated the...
After five consecutive weeks on the rise, mortgage rates finally took a very mild dip. According to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC), the 30-year fixed-rate mortgage averaged 6.67% as of Aug. 13, down from last week when it...
A new data report from the Mortgage Bankers Association (MBA) determined that 2,530 different multifamily lenders originated a total of $381.8 billion in new mortgages for multifamily properties with five or more units during 2025. Last year’s multifamily lending...
