The 30-year fixed-rate mortgage broke through the 7% mark this week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 7.04% average as of Jan. 16, up from last week when it averaged 6.93%. One year ago at this time, it...
MBA Education, the education division of the Mortgage Bankers Association (MBA), has launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The program offers a three-credit undergraduate course on residential mortgage origination and...
Mortgage applications activity went into overdrive in the latest data from the Mortgage Bankers Association (MBA) for the week ending Jan. 10; the data included an adjustment for the New Year’s holiday. The Market Composite Index, the MBA’s measure of mortgage loan...
A Georgia woman pleaded guilty pleaded for her role in a three-year scheme resulting in the approval of approximately 450 mortgages based on fabricated documents and false information. According to the charges and other information presented in court, Kimberly Johnson...
Last year ended with an uptick in mortgage credit availability, according to data from the Mortgage Bankers Association (MBA). In December, the MBA’s Mortgage Credit Availability Index (MCAI) was up by 0.7% to 96.6; the index was benchmarked to 100 in March 2012. The...
Ridgeland Mortgage, a recently formed joint venture between mortgage lender loanDepot Inc. (NYSE: LDI) and home builder Smith Douglas Homes (NYSE: SDHC), has appointed Teresa Carlile as president. In her new role, Carlile will lead the business’ growth and daily...
