San Diego-headquartered Guild Mortgage (NYSE: GHLD) has acquired the retail lending assets of Academy Mortgage Corp., a Utah-based lender. Academy generated $5.59 billion in loan originations in 2023, and its approximately 200 branches and more than 1,000 employees –...
Hollywood, Florida-based A&D Mortgage is taking advantage of the quadrennial occurrence of a 366th day with its “Leap into Savings” promotion for mortgage brokers. Beginning today running through Feb. 29, “Leap into Savings” promotion offers a 37.5...
Fewer people were filling out mortgage applications last week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 2.3% week-over-week on a seasonally adjusted...
Mortgage credit availability recorded a mild uptick during January, according to new data from the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) recorded a 0.7% uptick last month to a 92.7 reading; the index was benchmarked to...
The 30-year fixed-rate mortgage averaged 6.64% as of Feb. 8, recording a scant uptick from last week when it averaged 6.63%, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.12%. The 15-year...
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding during the fourth quarter of 2023, according to new data from the Mortgage Bankers Association (MBA). The...
America’s Debt Crisis: The Numbers Are Screaming. Are We Listening?
