The total number of mortgage loans now in forbearance fell by 6 basis points month-over-month to 0.33% as of Aug. 31, according to data from the Mortgage Bankers Association (MBA). Roughly 165,000 homeowners are currently in forbearance plans. During August, the share...
Cleveland-based CrossCountry Mortgage (CCM) is seeking to expand its support to Hispanic homebuyers with the launch of a new Spanish-language loan application. CCM’s Spanish-language application is an extension of the company’s Hispanic Initiative, a...
Addison, Texas-based Mortgage Machine Services, a provider of digital origination technology to residential mortgage lenders, has launched of its namesake platform Mortgage Machine, a loan origination system (LOS) designed to accelerate lenders’ operational velocity...
Mortgage rates resumed their upward trajectory and stayed above the dreaded 7% mark in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 7.18% as of Sept. 14, up from last week when it averaged...
Credit union activity in the mortgage and home equity line of credit (HELOC) markets recorded a decline during the third quarter of this year, according to new data from TransUnion (NYSE:TRU). The balances on credit union-originated mortgages grew more than 4%...
Second homes continue to lose their appeal in the post-pandemic era, according to new data from Redfin (NASDAQ:RDFN), with mortgage-rate locks for second homes down 19% year-over-year in August, compared to the 14% decline for primary homes. When measured against the...
