Mortgage Industry News
NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
NewDay USA said this new product will allow veterans to “compete like cash buyers and close in as few as 15 days.” Continue Reading NewDay USA Debuts Product That Covers Closing Costs for Veterans and Servicemembers
Robinhood Teams with Sage Home Loans on New Mortgage Offer
The new offer was first piloted during the summer to a small group of Robinhood Gold subscribers. Continue Reading Robinhood Teams with Sage Home Loans on New Mortgage Offer
Mortgage Application Payments Increased in May
The national median mortgage payment for conventional loan applicants was $2,235, up from $2,206 in April and up from $2,226 in May 2024. Continue Reading Mortgage Application Payments Increased in May
FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
No deadline was set, but Pulte asked that the directive “should be implemented as soon as reasonably practical.” Continue Reading FHFA Orders Review for Using Cryptocurrencies in Mortgage Market
Refinancing Fuels Mild Uptick in Mortgage Application Activity
“The average loan size for purchase applications declined to $436,300, the lowest level since January 2025,” said MBA’s Joel Kan. Continue Reading Refinancing Fuels Mild Uptick in Mortgage Application Activity
Homebuyer.com Ranks “Most Affordable Cities For First-Time Home Buyers” Using Real-Time Mortgage & Housing Data
Feb. 9, 2023 (Staff Writer)- Homebuyer.com, the mortgage company for first-time home buyers, ranks home affordability in more than 800 U.S. cities using real-time mortgage and housing market data. Using public and private data sources, Homebuyer.com performed...
Buyers are getting more for their money as home shopping season approaches
Feb. 9, 2023 (Staff Writer)- Home buyers' mortgage payments have started stretching a bit further in recent months, a new Zillow® analysis shows. As mortgage rates doubled last year, the home price afforded by a $3,000 payment1 plummeted from $865,000 in...
U.S. FORECLOSURE ACTIVITY CONTINUES TO INCREASE ANNUALLY FOR 21 CONSECUTIVE MONTHS
Feb. 9, 2023 (Staff Writer)- ATTOM, a leading curator of land, property, and real estate data, today released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices,...
How to shop for and compare mortgage offers
Source: Bankrate --- Before you choose a mortgage offer, it’s important to shop around and compare multiple offers to get the best deal. In fact, borrowers can save an average of $1,500 over the life of a mortgage by simply obtaining one additional quote. And those...
Mortgage refinance options for borrowers with bad credit
Source: Bankrate --- After a year dominated by continual mortgage rate increases, the pendulum has begun to swing in the opposite direction: Rates are slowly declining. As of early February, rates on a 30-year-mortgage had dropped to 6.3 percent. Though that’s nowhere...
HOMELENDIA MORTGAGE LLC LAUNCHES MORTGAGE BROKERAGE FRANCHISES
Feb. 8, 2023 (Staff Writer)- Homelendia Mortgage LLC, a new and innovative mortgage brokerage franchisor, is proud to announce its official launch and the availability of individual unit and regional opportunities for qualified individuals, teams, brokerages, and loan...
First five-year fixed mortgage under 4% since mini-budget launched by HSBC
Source: The Guardian --- Five-year fixed-rate mortgages priced at below 4% are back on sale for the first time since just after the disastrous autumn mini-budget. HSBC has repriced its range and introduced a new five-year fix at 3.99% for customers remortgaging who...
UWM Chairman and CEO Mat Ishbia to Buy NBA Team Phoenix Suns in $4bn Deal
Feb. 7, 2023 (Staff Writer)- Mat Ishbia, Chairman and CEO of mortgage lender United Wholesale Mortgage (UWM), received approval from the NBA Board of Governors to purchase a 57% share in the Phoenix Suns. Ishbia will be sharing ownership with his brother, Justin. Mat...
Economist who called 2008 housing crash predicts another 15% drop in home prices
Source: Fox Business --- A U.S. economist famous for predicting the 2008 housing crash believes that home prices could plunge another 15% this year. In a recent analyst note, Ian Shepherdson – the founder and chief economist of Pantheon Macroeconomics – suggested that...
ATTOM INTEGRATES PROBABILITY FOR DEFAULT ANALYTICS INTO ITS VAST PROPERTY DATA WAREHOUSE
Feb. 7, 2023 (Staff Writer)- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has integrated propensity to default analytics into its U.S. property data warehouse. With this news, the ATTOM Table of Data Elements...
