The Federal Housing Administration (FHA) has updated its 203(k) Rehabilitation Mortgage Insurance Program that provides financing for renovating or rehabilitating single-family homes. FHA offers two variations of the 203(k) program: the Standard 203(k) for substantial...
EMM Loans is now offering The Trade-In Mortgage powered by Calque. With The Trade-In Mortgage, a homebuyer can make a non-contingent offer as good as cash and backed by a purchase price guarantee from Calque. If the house does not sell within 90 to 150 days, depending...
Guaranteed Rate, the Chicago-based mortgage lender and digital financial services provider, has rebranded to become known simply as “Rate.” In a press statement, the company said “Rate” signifies “a unified brand across all products and services,...
Mortgage rates flirted with the 7% level again in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.95% as of July 3, up from last week when it averaged 6.86%. A year ago at this time, it...
The Federal Housing Administration (FHA) published translated versions of 19 single family mortgage documents used in the servicing of FHA-insured mortgages. The documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese on the FHA website. The...
Mortgage application activity concluded last month in decline, according to the Mortgage Bankers Association (MBA) data for the week ending June 28. The Market Composite Index, the MBA’s measure of mortgage loan application volume, was down by 2.6% on a seasonally...
