Mortgage Industry News
Knock Expands Bridge Loan Product to Texas
Texas is the latest expansion for Knock, which is now available in 32 states and the District of Columbia. Continue Reading Knock Expands Bridge Loan Product to Texas
Mortgage Rates Down for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.65% as of Aug. 20, down from last week when it averaged 6.67%. Continue Reading Mortgage Rates Down for Second Straight Week
Mortgage Holder Equity at Record-High $18 Trillion
Approximately 813,000 borrowers are underwater — up 44% year-over-year. Continue Reading Mortgage Holder Equity at Record-High $18 Trillion
TPG Mortgage Investment Trust Acquires Cherry Hill Mortgage Investment Corp. for $117.5 Million
The combined company will have a $9 billion residential mortgage portfolio and will operate as TPG Mortgage Investment Trust. Continue Reading TPG Mortgage Investment Trust Acquires Cherry Hill Mortgage Investment Corp. for $117.5 Million
New Bill Seeks to Establish Portable Mortgages
Rep. Tom Kean Jr. (R-NJ) has put forth the Making Ownership Viable for Everyone (MOVE) Act. Continue Reading New Bill Seeks to Establish Portable Mortgages
Union Home Mortgage Names Dino Lack as Chief Information Officer
He was previously chief information officer at Newrez and chief product officer at Caliber Home Loans. Continue Reading Union Home Mortgage Names Dino Lack as Chief Information Officer
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
The dollar volume of loans originated for investor-driven lenders increased by 133% year-over-year. Continue Reading Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
FHFA’s Pulte Predicts Fed Gov. Lisa Cook Will be Indicted for Mortgage Fraud
Pulte also insisted that politics did not play a role in his criminal referral. Continue Reading FHFA’s Pulte Predicts Fed Gov. Lisa Cook Will be Indicted for Mortgage Fraud
ICE Blamed for Austin Multifamily Property Going to Special Servicing
The 294-unit Villas Del Sol property fell delinquent on its Freddie Mac loan Continue Reading ICE Blamed for Austin Multifamily Property Going to Special Servicing
Mortgage Application Activity Down While Home Prices Continue to Rise
The national median single-family existing-home price rose 0.5% year-over-year to $404,300 in the first quarter. Continue Reading Mortgage Application Activity Down While Home Prices Continue to Rise
CommLoan Adds Land and Build-to-Rent Financing to Platform
“Every deal type we add makes the platform smarter,” said Mitch Ginsberg, founder and CEO of CommLoan. Continue Reading CommLoan Adds Land and Build-to-Rent Financing to Platform
Survey: One-Third of Respondents Believed a Perfect Credit Score is Needed for a Mortgage
A new survey released by Veterans United Home Loans has discovered a rather considerable amount of incorrect assumptions by prospective homebuyers when it comes to acquiring a property. More than one-third of respondents (34%) were under the impression that they...
Texas-Based Highlands Residential Mortgage Acquires Ohio’s Equitable Mortgage
The financial terms of the deal were not disclosed. Continue Reading Texas-Based Highlands Residential Mortgage Acquires Ohio’s Equitable Mortgage
Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
K-DATE provides a non-amortizing loan that is deferred for up to 30 years and becomes due and payable when the home is sold, refinanced or the first mortgage is paid in full. Continue Reading Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
