Mortgage Industry News
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.77% as of July 18. Continue Reading Mortgage Rates Drop Again
HUD Proposes New Rule for Governing FHA Mortgage Note Sales
HUD is requesting public comment on its proposal by Sept. 16. Continue Reading HUD Proposes New Rule for Governing FHA Mortgage Note Sales
Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Sam Khater, Freddie Mac’s chief economist, noted, “The good news is that the economy and incomes continue to grow at a solid pace.” Continue Reading Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Slight Uptick in Mortgage Application Activity
“The level of ARM applications increased by 15% over the week,” said MBA’s Joel Kan. Continue Reading Slight Uptick in Mortgage Application Activity
CFPB Sues Freedom Mortgage Over ‘Providing False Data’
Director Rohit Chopra said his agency “will continue to focus on ending the cycle of misconduct by repeat offenders in the financial industry.” Continue Reading CFPB Sues Freedom Mortgage Over ‘Providing False Data’
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