Mortgage Industry News
Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
“While the headline increase in delinquencies may draw attention, the underlying performance picture is stable as delinquencies remain below January 2020 levels,” said ICE’s Andy Walden. Continue Reading Calendar Anomaly Boosts Mortgage Delinquency Rate by 15 Basis Points
Mortgage Rates Tick Up Slightly
The 30-year fixed-rate mortgage averaged 6.49% as of June 25, up from last week when it averaged 6.47%. Continue Reading Mortgage Rates Tick Up Slightly
Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
The findings are based on an online survey of approximately 2,000 Canadians across all regions. Continue Reading Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
Refinancing Action Sparks Uptick in Mortgage Application Activity
The FHA share of total applications increased to 17.9% from 17.5% the week prior. Continue Reading Refinancing Action Sparks Uptick in Mortgage Application Activity
HUD Updates 14 FHA Policies in Move to Improve Affordability
“Every unnecessary regulation comes with a cost, and too often homebuyers pay the price,” said HUD Secretary Scott Turner. Continue Reading HUD Updates 14 FHA Policies in Move to Improve Affordability
Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Multifamily mortgage debt alone increased $23 billion (1.0%) to $2.32 trillion. Continue Reading Q1 Commercial/Multifamily Mortgage Debt Increased by $26.3 Billion
Mortgage Rates Trend Lower
The 30-year fixed-rate mortgage averaged 6.47% as of June 18, down from last week when it averaged 6.52%. Continue Reading Mortgage Rates Trend Lower
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications has a slight uptick to 17.5% from 17.4% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
Mortgage Rates Are Back on the Rise
The 30-year fixed-rate mortgage averaged 6.52% as of June 11. Continue Reading Mortgage Rates Are Back on the Rise
Jeffrey Weidell Named 2027 Vice Chairman for the Mortgage Bankers Association
Weidell will be installed at MBA’s 113th Annual Convention and Expo in Chicago this October. Continue Reading Jeffrey Weidell Named 2027 Vice Chairman for the Mortgage Bankers Association
Buyers Paying More in Mortgage Interest Than Their Home Costs
Choosing a 15-year mortgage at today’s 5.87% rate would save $250,378 over a 30-year loan. Continue Reading Buyers Paying More in Mortgage Interest Than Their Home Costs
Mortgage Application Activity Up by Nearly 11%
The FHA share of total applications increased to 17.4% from 17.0% the week prior. Continue Reading Mortgage Application Activity Up by Nearly 11%
Mortgage Credit Availability Improved Slightly in May
“Mortgage rates reached nine-month highs over the month, which put pressure on homebuyers and reduced the demand for refinancing,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved Slightly in May
John McNeill Joins MAXEX as CFO
He recently served as CFO of the fintech Spring Oaks Capital. Continue Reading John McNeill Joins MAXEX as CFO
M&A News Reconfigures Mortgage Banking Industry
The financial terms of the two transactions were not disclosed. Continue Reading M&A News Reconfigures Mortgage Banking Industry
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