The Federal Housing Administration (FHA) is seeking industry feedback on its proposed changes to its 203(k) Rehabilitation Mortgage Insurance Program. The 203(k) program is designed to help borrowers purchase a home or refinance an existing mortgage and include the...
A total of 1.54 million mortgages secured by residential property (one to four units) were issued during the third quarter, according to new data from ATTOM. This represents a 3% decline from the second quarter and the ninth decline in the last 10 quarters – the...
Fairway Independent Mortgage Corp. has produced a three-part documentary series about its mortgage originators. “L.O. Confidential: A Season on the Street” follows three Fairway teams in Arizona, Indiana and Texas over several months. The episodes detail how the loan...
Anderson, South Carolina-based JZZ Technologies Inc. (OTC Pink: JZZI), a diversified company focused on real estate development and digital media, announced the closing of its acquisition of O2 Mortgage LLC, dba Oxygen Mortgage. Headquartered in Boulder, Colorado,...
Mortgage application activity inched up during the week ending Nov. 24, according to data from the Mortgage Bankers Association (MBA). The week’s results included an adjustment for the Thanksgiving holiday. The Market Composite Index, the MBA’s measure of mortgage...
The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values for the mortgages on one-unit properties that Fannie Mae and Freddie Mac will acquire in 2024 will be $766,550, an increase of $40,350 from 2023. The FHFA adjusted the loan limit...
