Mortgage application activity dropped during the week ending April 18, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 12.7% on a seasonally adjusted basis from...
To thrive – or simply survive – in one of the most challenging housing markets in more than half a century, mortgage lenders have turned to creative solutions to attract buyers – creativity that real estate agents might leverage to sell more homes....
The total number of mortgages now in forbearance dipped by 2 basis points from 0.38% of servicers’ portfolio volume in February to 0.36% by the end of March, according to data from the Mortgage Bankers Association (MBA), which estimated 180,000 homeowners are in...
Mortgage applications for new home purchases during March was up 5.5% year-over-year and up 14% month-over-month, according to data from the Mortgage Bankers Association. MBA estimated new single-family home sales were running at a seasonally adjusted annual rate of...
Ohio Attorney General Dave Yost has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) that accuses the company of “conspiring with brokers to rip off Ohio consumers.” In his lawsuit, Yost – who launched his campaign for Ohio governor in January – alleged...
A new bill has been introduced in the California legislature that will provide a temporary relief for homeowners impacted by the recent Los Angeles County wildfires. CBS News reports that the “Mortgage Relief for Disaster Survivors Act” would give...
