Mortgage application activity declined during the week ending May 15, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 2.3% on a seasonally adjusted basis from...
Mortgage applications for new home purchases during April were down by 2.4% from one year earlier and were also down by 10% from the previous month. According to data from the Mortgage Bankers Association (MBA) Builder Application Survey, new single-family home sales...
Ginnie Mae announced that it issued $57.3 billion in mortgage-backed securities (MBS) during April, resulting in net portfolio growth of $18.9 billion. As of the end of last month, its MBS portfolio outstanding grew to $2.93 trillion. The April issuance included $55.3...
The Rocket Mortgage division of Rocket Companies (NYSE: RKT) has filed a lawsuit against United Wholesale Mortgage (NYSE: UWMC) claiming it breached the non-solicitation agreements linked to the sale of mortgage-servicing rights (MSR) to Nationstar Mortgage Group,...
Mortgage rates ticked down slightly in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.36% as of May 14, a hair lower from last week’s average of 6.37%. A year ago at this time, it averaged...
Mortgage application activity was on the rise last week while mortgage credit availability was in decline last month, according to two new data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan...
Hits and Misses for the Real Estate Week of June 22-26
