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DOJ Announces $2.4 Million HECM Settlement with Nutter
The company exited the mortgage business in 2022. Continue Reading DOJ Announces $2.4 Million HECM Settlement with Nutter
United Homes Group Announces Leadership Changes
Jamie Pirrello was named interim CEO. Continue Reading United Homes Group Announces Leadership Changes
Keep Government Out of Real Estate with Market-Driven Solutions: John G. Stevens’ Perspective
Ronald Reagan once said, “The nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.” Continue Reading Keep Government Out of Real Estate with Market-Driven Solutions: John G. Stevens’ Perspective
Missouri Woman Arrested for Scheme to Claim Ownership of Graceland
The announcement of Findley’s arrest comes today, which is the anniversary of Presley’s 1977 death at Graceland. Continue Reading Missouri Woman Arrested for Scheme to Claim Ownership of Graceland
House GOP Members Warn CFPB on Removing Medical Bills from Credit Reports
The lawmakers warned that consumers with greater default risks could get mortgages. Continue Reading House GOP Members Warn CFPB on Removing Medical Bills from Credit Reports
Serious Delinquency Rate Crashes to 17-Year Low
However, early-stage delinquencies (30-days late) increased by 19,000 (+2.2%) from May to 1.65 million. Continue Reading Serious Delinquency Rate Crashes to 17-Year Low
Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
“New home purchase activity continues to be a bright spot,” said MBA’s Joel Kan. Continue Reading Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
Freddie Mac Reports Decline in Mortgage Rates
“As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Freddie Mac Reports Decline in Mortgage Rates
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
New York Fed Study Finds Rising Level of Loan Application Rejections
The rejection rate for mortgages in June was 13.2%, up from 10% in February. Continue Reading New York Fed Study Finds Rising Level of Loan Application Rejections
New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
“The Biden administration is making homeownership more difficult for everyday Americans,” said Sen. Braun. Continue Reading New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
Mortgage Rates Rise to Just Under 7%
“Mortgage rates increased to their highest level since November 2022,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Rise to Just Under 7%
U.S. Bank Debuts Product to Expand Minority Homeownership Access
U.S. Bank has committed $100 million over the next five years to the Access Home Loan program. Continue Reading U.S. Bank Debuts Product to Expand Minority Homeownership Access
MBA: Mortgage Application Activity Up Slightly
The MBA also reported a scant 0.1% rise in its Mortgage Credit Availability Index for June, to a level of 96.6. Continue Reading MBA: Mortgage Application Activity Up Slightly
Mortgage Rates Continue to Soar
The 30-year fixed-rate mortgage’s 6.81% was the highest level achieved this year. Continue Reading Mortgage Rates Continue to Soar
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