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Francis was previously vice president of mortgage at A+ Federal Credit Union.
Idaho was the only state to see an annual uptick in its overall mortgage delinquency rate during July, albeit at a scant 0.1 percentage point.
The 30-year fixed-rate mortgage averaged 7.31% as of Sept. 28, up from last week when it averaged 7.19%.
Average monthly mortgage payments increased more than 46% last year, from $1,400 in December 2021 to $2,045 in December 2022.
Both the seasonally adjusted and the unadjusted Purchase Index dropped 2% from one week earlier.
“It is our honor to serve those who serve our country,” said Brad Calhoun, president and CEO.
“Given these high rates, housing demand is cooling off and now homebuilders are feeling the effect,” said Freddie Mac’s Sam Khater.
“Mortgage applications increased last week, despite the 30-year fixed mortgage rate edging back up to 7.31%,” said MBA’s Joel Kan.
The forbearance share for portfolio loans and private-label securities decreased 6 basis points to 0.39%.
“Our support for the Hispanic community extends well past translated materials,” says Eric Wilson, chief marketing officer.
The LOS also provides all-in-one eClosing functionality, including an eClose room, eNotes, eVault and remote online notarization.
“The reacceleration of inflation and strength in the economy is keeping mortgage rates elevated,” said Freddie Mac’s Sam Khater.
Variable rate HELOCs recorded 14% year-over-year origination declines.
August is the 14th consecutive month that second-home demand is at least 30% below pre-pandemic levels.
Roam’s service is currently available in Arizona, Colorado, Florida, Georgia and Texas, with plans to expand into new markets soon.