Mortgage Industry News
Mortgage Application Activity Slows Amid Decline in Refinancing
The VA share of total applications increased to 16.1% from 15.9%. Continue Reading Mortgage Application Activity Slows Amid Decline in Refinancing
Partnership Between loanDepot and Betenbough Companies Creates New Mortgage Lender
Betenbough Companies is the parent of Betenbough Homes, which has Texas-based operations in Amarillo, Lubbock, Midland, and Odessa. Continue Reading Partnership Between loanDepot and Betenbough Companies Creates New Mortgage Lender
Mortgage Rates Surge for Fourth Straight Week
The 30-year fixed-rate mortgage averaged 6.38% as of March 26. Continue Reading Mortgage Rates Surge for Fourth Straight Week
Fannie Mae to Back New Crypto-Backed Mortgages
The new mortgages will be originated and serviced by Better, with Bitcoin and USDC pledges powered by Coinbase. Continue Reading Fannie Mae to Back New Crypto-Backed Mortgages
FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James
The new criminal referrals follow the Trump administration’s failed efforts to secure a mortgage fraud indictment against James. Continue Reading FHFA’s Pulte Files New Criminal Referrals Against NY AG Letitia James
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
Purchase Activity Fuels Mortgage Application Uptick
The FHA share of total applications increased to 17.1% from 15.8% the week prior. Continue Reading Purchase Activity Fuels Mortgage Application Uptick
Mortgage Credit Availability Improved in February
“Most of last month’s supply growth was in loan programs that allowed for cash-out refinance and on investor homes,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in February
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
