Mortgage application activity was on the rise for the week ending March 6, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 3.2% on a seasonally adjusted basis...
The real estate developer Cavan Companies announced that it has closed on land for The Bungalows at Prairie Hills, a planned 154-home single-story Build-to-Rent (BTR) community in Papillion, Nebraska. The project will be the company’s third development in the...
Access to mortgage credit increased in February, according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA). The MCAI rose by 1.1% to 107.1 in February. A decline in the MCAI indicates that lending standards are...
Existing home sales increased by 1.7% month-over-month in February, to a seasonally adjusted annual rate of 4.09 million, according to data from the National Association of Realtors (NAR). On a year-over-year basis, sales were up by 1.4%. Month-over-month sales...
The luxury homebuilder Toll Brothers Inc. (NYSE:TOL) announced the grand opening of Linden Ridge, a boutique community of 26 single-family homes in Collegeville, Pennsylvania. Linden Ridge offers two-story home designs ranging from approximately 2,776 to over 3,700...
PennyMac Financial Services Inc. (NYSE: PFSI) has launched a suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. According to the Westlake Village, California-based company, the new products are designed to “help TPO...
