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...
Mortgage rates moved further away from the 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.89% as of July 11, down from last week when it averaged 6.95%. A year ago at this time,...
Anaheim, California-based Carrington Mortgage Services LLC (CMS) is now offering Section 184 Loans for Native Americans for its retail lending customers. The Section 184 Loan Guarantee Program provides loans for American Indians or Alaska Natives who are enrolled...
