The luxury real estate firm The Agency has teamed with the mortgage service provider Barrett Financial Group to create a new mortgage brokerage called Aclara Lending. The new entity will focus on residential purchase lending by offering a range of mortgage products –...
The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae are co-hosting a summit focusing on the impact of mortgage market liquidity on Americans’ access to affordable homeownership. The Mortgage Market Resilience and Access to Credit Summit...
Mortgage rates continued to become more tolerable in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.08% as of Sept. 26, down from last week when it averaged 6.09%. A year ago at this time,...
The national median payment applied for by purchase applicants dropped from $2,140 in July to $2,057 in August, a 3.9% tumble, according to new data from the Mortgage Bankers Association (MBA). On a year-over-year measurement, the median payment was down by $113, a...
The total number of loans now in forbearance increased by 4 basis points to 0.31% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). A total of 155,000 homeowners are currently in forbearance plans. The share of Fannie Mae and Freddie Mac...
The U.S. Department of Justice (DOJ) announced the former mortgage lender James B. Nutter & Company, has agreed to a $2.4 million settlement to resolve allegations that it knowingly underwrote Home Equity Conversion Mortgages (HECM) insured by the Federal Housing...
