Mortgage application activity slowed while the number of mortgages in forbearance started to rise, according to new data from the Mortgage Bankers Association (MBA). In tracking the week ending July 19, the MBA’s Market Composite Index dropped by 2.2% on a seasonally...
Mortgage rates continued to decline in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.77% as of July 18, down from last week when it averaged 6.89%. A year ago at this time, it averaged...
The U.S. Department of Housing and Urban Development (HUD) has proposed a new rule to govern the sale of seriously delinquent single-family mortgage loans insured by the Federal Housing Administration (FHA). The proposed rule includes changes made during a...
Motto Mortgage has expanded into the New Hampshire market with the opening of its new franchise office Motto Mortgage Sail Home in Nashua. The new office was established by David Duplessis, whose 35 years of industry experience includes work at Wells Fargo Home...
Mortgage applications were on the rise again, according to data from Mortgage Bankers Association (MBA) covering the week ending July 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.9% on a seasonally adjusted basis...
The mortgage reinsurance firm Euclid Mortgage has created a Mortgage Advisory Panel that will be tasked with providing the Itasca, Illinois-based company and its clients with insights on the housing finance market. The panel is composed of Andrew Bon Salle, the former...
