Angel Oak Mortgage Solutions LLC, the Atlanta-headquartered wholesale and correspondent non-qualified mortgage (non-QM) lender, has expanded is product line with the debut of 5-year and 7-year Adjustable-Rate Mortgages (ARM). According to the company, the new ARM...
After rising for two weeks, mortgage rates reversed course and declined in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9, down from last week when it averaged 6.34%. A year...
A new report published by the St. Louis Realtors Association has defined the racial disparities that continue to impact the regional housing market. The report, titled “Reimagining St. Louis: A Data-Driven Plan for Fair Homeownership,” analyzed 75,000 home...
Mortgage credit availability inched up in September, according to the latest Mortgage Credit Availability Index (MCAI) report from the Mortgage Bankers Association (MBA). The MCAI rose by 0.4% to 104.4 in September; the index was benchmarked to 100 in March 2012. The...
The homebuilder Toll Brothers Inc. (NYSE: TOL) has announced its newest luxury community, Crestline at Brushy Creek, is coming soon to the Austin suburb of Cedar Park, Texas. The new community will feature single-family residences on 60- and 70-foot home sites. The...
Mortgage debt accounted for nearly three-quarters of all US consumer debt during August, according to the latest Consumer Credit Trends Report published by Equifax (NYSE: EFX). In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Mortgage...
America Needs More Homes. Builders Are Being Given Reasons to Build Fewer
