The Wall Street Journal is reporting that Fannie Mae (OTCQB: FNMA) maintains a “secret blacklist” of condominium communities that makes it difficult, if not impossible, for these properties to get a mortgage. The new report claims the blacklist “includes condo...
The British Columbia Financial Services Authority (BCFSA) issued five consent orders to individuals who committed professional misconduct by engaging in business with an unregistered mortgage broker named Jay Kanth Chaudhary. BFCSA conducted a multi-year investigation...
Mortgage applications for new home purchases during February were down by 6.9% year-over-year, although they were also up by 0.3% from January, according to data from the Mortgage Bankers Association (MBA). By product type, conventional loans composed 56.7% of loan...
Mortgage rates barely inched up in this week’s Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.65% as of March 13, up slightly from last week when it averaged 6.63%. A year ago at this time, it averaged...
Bellevue, Washington-based Evergreen Home Loans has expanded its operations into New Mexico. The company is opening new branches in Albuquerque and Carlsbad, under the leadership of Area Manager Barry Abt. Evergreen Home Loans operates in seven western states –...
Mortgage applications were on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending March 7. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 11.2% on a seasonally adjusted basis...
Former Arizona Shopping Center Site to Become Affordable Housing Complex
