Major expenses on median-priced homes currently consume 32% of the average national wage, according to the First Quarter US Home Affordability Report published by ATTOM. That share is nearly unchanged from the fourth quarter of 2024 and up by about one percentage...
A slowing in refinance activity drove down mortgage application activity for the week ending March 21, according to data from Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2% on both a...
Dallas-headquartered Cornerstone Capital Bank has launched two joint venture companies with homebuilders in Texas and North Carolina. Twin Tree Mortgage, based in Waxahachie, Texas, is a joint venture with Elmwood Homes that will provide mortgage solutions for...
The Denver-based fintech Multiply Mortgage announced it has raised a $23.5 million Series A funding round led by Kleiner Perkins. According to the company A*, Box Group, Mischief, and Workshop also participated in the funding round, bringing the company’s total...
Mortgage application activity took a tumble while homeowner equity was on the rise in a pair of newly published data reports. Mortgage applications decreased 6.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
