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Slight Uptick in Mortgage Application Activity

Slight Uptick in Mortgage Application Activity

by Phil Hall | Oct 11, 2023 | Mortgage Information, News/Current Events, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a slight uptick last week, according to new data from Mortgage Bankers Association (MBA). The Market Composite Index, the trade group’s measure of mortgage loan application volume, inched up by 0.6% on a seasonally adjusted basis...
CFPB Sues Freedom Mortgage Over ‘Providing False Data’

CFPB Sues Freedom Mortgage Over ‘Providing False Data’

by Phil Hall | Oct 10, 2023 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) filed a lawsuit against Freedom Mortgage Corp. that alleged its mortgage loan data that was “riddled with errors” and put the Boca Raton, Florida-based company in violation of both the Home Mortgage Disclosure Act (HMDA)...
Mortgage Credit Availability Up Slightly in September

Mortgage Credit Availability Up Slightly in September

by Phil Hall | Oct 10, 2023 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability increased in September, according to the Mortgage Bankers Association (MBA). The MBA’s Mortgage Credit Availability Index (MCAI) increased by 0.6% to 97.2 last month; the index was benchmarked to 100 in March 2012. Both the Conventional...
Lango Real Estate Speeds Up Plans to Go Public

Lango Real Estate Speeds Up Plans to Go Public

by Phil Hall | Oct 10, 2023 | Commercial Real Estate News, International Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Lango Real Estate, a Mauritius-headquartered real estate firm focused on the African commercial property market, stated that it could go public on the London Stock Exchange by the second quarter of 2025. “Ideally, all stars aligning, we’d like to get the...
Homebuyers Increasingly Tap Into the Bank of Mom and Dad

Homebuyers Increasingly Tap Into the Bank of Mom and Dad

by Phil Hall | Oct 10, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Today’s homebuyers are receiving more than a little help from their families in their pursuit of the American Dream of homeownership. A new survey of 2,000 adults by LendingTree (NASDASQ:TREE) found nearly two in five homeowners (39%) have received down payment...
Joe Dahleen Named Mortgage Lending Advisor at Plunk

Joe Dahleen Named Mortgage Lending Advisor at Plunk

by Phil Hall | Oct 10, 2023 | News/Current Events, Real Estate News, WRE News Exclusive

Plunk, a Bellevue, Washington-based AI-powered analytics platform for residential real estate, announced the appointment of longtime mortgage industry executive Joe Dahleen as an advisor to the mortgage lending division. Dahleen’s career involved leadership roles at...
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