A total of 32,383 residential properties carried foreclosure filings in February, up 5% from January but 1.7% lower than the level recorded in February 2024. According to data from ATTOM, one in every 4,395 housing units had a foreclosure filing in February. States...
Mortgage credit availability increased in February, according to data from the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) inched up by 1.4% last month to 100.4; the index was benchmarked to 100 in March 2012. The...
Tomo Mortgage, a Stamford, Connecticut-based digital lender, has closed its $20 million Series B financing round, bringing its total investment to date to $130 million. According to the company, new investor Progressive Insurance was joined by existing investors...
A Nigerian national extradited to the US made his initial appearance in a Miami federal court on Friday to face accusations for his role in an $8 million fraud scheme that obtained loans in connection with the phony purchases of approximately 20 residential properties...
Detroit-headquartered Rocket Mortgage is withdrawing from the Canadian housing market. According to combined media reports, the company initially expanded to Canada in 2020 with a headquarters in Windsor, Ontario. Rocket Mortgage plans to complete its exit from the...
Mortgage rates continued their decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.63% as of March 6, down from last week when it averaged 6.76%. A year ago at this time, it averaged...
