Fewer borrowers were seeking out mortgages for the week ending June 13, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.6% on a seasonally adjusted basis from...
Mortgage applications for new home purchases in May was down by 4.5% compared to one year ago, according to data from the Mortgage Bankers Association (MBA). On a month-over-month basis, applications decreased by 9%. MBA estimated that new single-family home sales...
Premier Mortgage Resources LLC (PMR), a Meridian, Idaho-headquartered nationwide mortgage lender, has launched Specialty Products Division to support borrowers with customized products that go beyond conventional mortgages. The new division is designed to support real...
The Virginia-based homebuilders Stateson Homes and Atlantic Builders announced the debut of M2B Mortgage, a new joint venture formed in partnership with OneTrust Home Loans. According to the companies, M2B Mortgage was created to “provide a more personalized,...
Madison, Wisconsin-based Fairway Independent Mortgage Corp. announced its acquisition of Hallmark Home Mortgage. The acquired company will become Hallmark Home Mortgage, Powered by Fairway, and will be a new division of Fairway. Fairway CEO and founder Steve Jacobson...
HomeXpress Mortgage Corp., a Santa Ana, California-based national originator of non-QM and business-purpose residential mortgage loans, announced it is being acquired by Chimera Investment Corp. (NYSE: CIM), a real estate investment trust, from Seer Capital...
