Mortgage Industry News
Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
The findings are based on an online survey of approximately 2,000 Canadians across all regions. Continue Reading Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
Refinancing Action Sparks Uptick in Mortgage Application Activity
The FHA share of total applications increased to 17.9% from 17.5% the week prior. Continue Reading Refinancing Action Sparks Uptick in Mortgage Application Activity
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
Mortgage Application Activity Down by Nearly 4%
The FHA share of total applications has a slight uptick to 17.5% from 17.4% the week prior. Continue Reading Mortgage Application Activity Down by Nearly 4%
Former Mayor of NJ Town Sentenced in Mortgage Fraud Case
Both defendants were also ordered to pay restitution to the victims in the total amount of $221,9862.71. Continue Reading Former Mayor of NJ Town Sentenced in Mortgage Fraud Case
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
Mortgage Application Activity Declines by 2.5%
The FHA share of total applications dipped to 17.0% from 17.2% the week prior. Continue Reading Mortgage Application Activity Declines by 2.5%
REIT Executive Indicted for Misrepresenting Income on Mortgage Application
If convicted, Brandon “Dutch” Mendenhall faces a maximum penalty of 20 years in federal prison. Continue Reading REIT Executive Indicted for Misrepresenting Income on Mortgage Application
New ICE Fraud Monitor Aims to Reduce Risk in Underwriting
The new tool is integrated directly with Encompass, ICE’s loan origination system (LOS), to centralize fraud risk scoring and property risk data in a user-friendly dashboard. Continue Reading New ICE Fraud Monitor Aims to Reduce Risk in Underwriting
Mortgage Rates Tick Up Again
The 30-year fixed-rate mortgage averaged 6.53% as of May 28, up from last week when it averaged 6.51%, which marked a nine-month high. Continue Reading Mortgage Rates Tick Up Again
Q1 Purchase Loan Origination at 12-Year Low
Refinancing activity fell 7% quarter-over-quarter to 715,818 loans, although volumes were also 24% above the first quarter of 2025. Continue Reading Q1 Purchase Loan Origination at 12-Year Low
Report: 29% of Homebuyers Made All-Cash Purchases
All-cash purchasing was less prevalent in the pricey West Coast markets. Continue Reading Report: 29% of Homebuyers Made All-Cash Purchases
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