Mortgage Industry News
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
Suspended NYC Attorney Indicted for Stealing Over $1 Million in Mortgage Refinancings
Jose Polanco returns to court on July 15 and faces up to 8.33 to 25 years in prison if convicted. Continue Reading Suspended NYC Attorney Indicted for Stealing Over $1 Million in Mortgage Refinancings
Mortgage Rates Down Slightly
The 30-year fixed-rate mortgage averaged 6.48% as of June 4, down from last week when it averaged 6.53%. Continue Reading Mortgage Rates Down Slightly
Better and Coinbase Announce First Fannie Mae-Backed Mortgage Involving Bitcoin
The companies gave no details on the depth and scope of the mortgage. Continue Reading Better and Coinbase Announce First Fannie Mae-Backed Mortgage Involving Bitcoin
PennyMac Debuts Non-QM Product Suite
The new products are designed to “help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.” Continue Reading PennyMac Debuts Non-QM Product Suite
Equifax and Experian Reduce VantageScore 4.0 Price to 99 Cents Per Mortgage Origination Score
TransUnion previously announced its 99-cent deal. Continue Reading Equifax and Experian Reduce VantageScore 4.0 Price to 99 Cents Per Mortgage Origination Score
TransUnion Cuts VantageScore 4.0 Price to 99 Cents Per Mortgage Origination Score
“Prior to this announcement, TransUnion’s charge for VantageScore in mortgage origination was $4.00,” said TransUnion’s David M. Blumberg, Continue Reading TransUnion Cuts VantageScore 4.0 Price to 99 Cents Per Mortgage Origination Score
30-Year Fixed-Rate Mortgage Floats Up to 6.00%
A year ago at this time, it averaged 6.63%. Continue Reading 30-Year Fixed-Rate Mortgage Floats Up to 6.00%
Mortgage Application Activity Surges by 11%
The FHA share of total applications decreased to 15.8% from 16.1% the week prior. Continue Reading Mortgage Application Activity Surges by 11%
FHFA’s Pulte: Trump ‘Single-Handedly Lowered Mortgage Rates’
“He’s the best,” the FHFA director cheered. Continue Reading FHFA’s Pulte: Trump ‘Single-Handedly Lowered Mortgage Rates’
Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
After leaving the Trump administration, Montgomery became founding partner and chairman of Gate House Strategies. Continue Reading Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
Rocket Companies and Compass Announce 3-Year Strategic Alliance
“When barriers are removed and supply grows, affordability improves,” said Varun Krishna, CEO of Rocket Companies. Continue Reading Rocket Companies and Compass Announce 3-Year Strategic Alliance
Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Willamette Valley Bank is a state-chartered community bank founded in 2000. Continue Reading Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
A year ago at this time, it averaged 6.76%. Continue Reading 30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
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