Mortgage rates continued to soar deeper into the 7% range in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.17% as of April 25, up from last week when it averaged 7.10%. A year ago at this...
Two former employees of a mortgage lending company have been charged in connection with their roles in a large-scale mortgage fraud scheme. According to charges brought by the U.S. Attorney’s Office for the District of New Jersey, Christopher J. Gallo of Old Tappan,...
The Consumer Financial Protection Bureau (CFPB) is pursuing the Biden administration’s campaign against so-called junk fees by publishing an edition of Supervisory Highlights featuring what the agency described as its actions “to combat junk fees charged by mortgage...
Mortgage application activity was down last week, according to the latest data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.7% on a seasonally adjusted basis from one week...
Cleveland-headquartered CrossCountry Mortgage is now offering the CCM EasyGreen, a mortgage designed to enable borrowers to save money by using energy-efficient appliances and making eco-friendly improvements to their homes. According to the company, income qualified...
Salt Lake City-headquartered Arrive Home has launched its Earned Equity Program to help expand homeownership to borrowers who do not qualify for a traditional mortgage. According to the company, the Earned Equity Program provides program participants with a long-term...
America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?
