Mortgage Industry News
Mortgage Application Activity Slows Down
The Refinance Index was down by 7% from the previous week and was 5% higher than the same week one year ago. Continue Reading Mortgage Application Activity Slows Down
Mortgage Rates Drop Below 7%
The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23. Continue Reading Mortgage Rates Drop Below 7%
Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
Jacob Deutsch has a prior criminal history with a wire fraud conviction stemming from an insurance fraud scheme. Continue Reading Two Men Sentenced for $50 Million Connecticut Mortgage Fraud Scheme
Mortgage Credit Availability Down in December to 11-Year Low
“Ongoing industry consolidation is resulting in more loan programs being removed from the marketplace,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Down in December to 11-Year Low
Are More Consumers Becoming Optimistic About Homebuying?
Fannie Mae’s Mark Palim pointed to “a survey-high share of consumers anticipating mortgage rate declines over the next year.” Continue Reading Are More Consumers Becoming Optimistic About Homebuying?
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