A growing number of people are seeking out mortgage applications, according to data from the Mortgage Bankers Association (MBA) for the week ending Jan. 12. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.4% on a...
Anchor Loans, a private direct lender to residential real estate investors, has launched its Third-Party Originator (TPO) Channel to serve mortgage brokers, banks, private and non-QM lenders and other referral partners whose clients are home builders, developers and...
The U.S. Federal Trade Commission (FTC) is disbursing more than $1.2 million in refunds to borrowers who lost money to Consumer Defense, a fraudulent mortgage modification scheme. The FTC is sending payments to 6,261 consumers who will each receive $201.34. The agency...
Toronto-headquartered HomeEquity Bank has hired longtime journalist and broadcaster Peter Mansbridge as a strategic communications consultant. According to the bank, Mansbridge will be part of a campaign focused on the CHIP Reverse Mortgage. In a new campaign that...
Mortgage rates remained at the mid-6% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, slightly up from last week when it averaged 6.62%. A year ago at this time, it...
Foreclosure filings were reported on 357,062 residential properties in 2023, according to a new report from ATTOM. This represents a 10% increase from 2022 and a 136% spike from 2021, but it was also down by 28% from pre-pandemic 2019 and down by 88% from the 2010...
