Mortgage Industry News
Mortgage Rates Start Rising Again
The 30-year fixed-rate mortgage averaged 6.11% as of March 12, up from last week when it averaged 6.00%. Continue Reading Mortgage Rates Start Rising Again
Ex-Ontario Mortgage Broker Fined $600,000 Over Misconduct Charges
“Consumer protection is paramount and licensed mortgage brokers must comply with regulatory requirements,” said Elissa Sinha, director of enforcement at FSRA. Continue Reading Ex-Ontario Mortgage Broker Fined $600,000 Over Misconduct Charges
Mortgage Applications on New Home Purchases Up During January
Mortgage applications for new home purchases during January were up by 19% from the prior month and up by 2% from one year earlier, according to data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally...
Mortgage Application Activity Up by Nearly 3%
The VA share of total applications increased to 16.5% from 16.0% percent the week prior. Continue Reading Mortgage Application Activity Up by Nearly 3%
Vermont Credit Union Debuts Islamic Home Financing Program
NorthCountry Federal Credit Union serves 75,000 accountholders primarily throughout Vermont, New York and New Hampshire. Continue Reading Vermont Credit Union Debuts Islamic Home Financing Program
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.30% as of Sept. 25, up from last week when it averaged 6.26%. Continue Reading Mortgage Rates Inch Up Slightly
CrossCountry Mortgage Raises Its Agency Conforming Loan Limits
CCM’s announcement comes months ahead of the Federal Housing Finance Agency’s official 2026 announcement. Continue Reading CrossCountry Mortgage Raises Its Agency Conforming Loan Limits
Mortgage Delinquency Rate Up During August
An anomaly in the August calendar might have played a role in the month’s delinquency data. Continue Reading Mortgage Delinquency Rate Up During August
Report: DOJ to Press Ahead with Letitia James Mortgage Fraud Case
The case is still active within the US Attorney’s Office for the Eastern District of Virginia. Continue Reading Report: DOJ to Press Ahead with Letitia James Mortgage Fraud Case
Mortgage Application Activity Records Slight Uptick
Among the federal programs, the FHA share of total applications decreased to 15.7% from 16.3% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
Commercial and Multifamily Mortgage Debt Outstanding Increased During Q2
The level of commercial/multifamily mortgage debt outstanding reached $4.88 trillion by the end of the second quarter, an increase of $47.1 billion (1%) from the first quarter, according to data from the Mortgage Bankers Association (MBA). Multifamily mortgage debt...
New Pilot Program Aimed at Expanding Homeownership in Detroit
The mortgage product will provide qualified borrowers with up to 40% of a home’s purchase price in down payment assistance without adding any monthly debt. Continue Reading New Pilot Program Aimed at Expanding Homeownership in Detroit
A Phil Hall Op-Ed: The Smearing of Erik Siebert
The Interim US Attorney was slandered by President Trump after concluding the mortgage fraud case against Letitia James would not stand up in court. Continue Reading A Phil Hall Op-Ed: The Smearing of Erik Siebert
Ex-NASA Manager and Husband Plead Guilty in Mortgage Fraud Case
Khan and Mayberry face up to five years in federal prison and a possible $250,000 maximum fine in addition to the possible forfeiture of their luxury home. Continue Reading Ex-NASA Manager and Husband Plead Guilty in Mortgage Fraud Case
Mortgage Rates Continue to Fall
The 30-year fixed-rate mortgage averaged 6.26% as of Sept. 18, down from last week when it averaged 6.35%. Continue Reading Mortgage Rates Continue to Fall
Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
