Mortgage Industry News
Mortgage Application Activity Declines Again
The Refinance Index decreased 14% from the previous week and was 12% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines Again
NAHB: Families Must Spend 38% of Their Income on Mortgage Payments
California’s San Jose-Sunnyvale-Santa Clara market was the most severely cost-burdened market during the first quarter. Continue Reading NAHB: Families Must Spend 38% of Their Income on Mortgage Payments
Florida Scammer Pleads Guilty to Running Phony Mortgage Audit Service
The consumers’ payments went into bank accounts controlled by Lozito, who used the money to fund his operation and to cover personal expenses. Continue Reading Florida Scammer Pleads Guilty to Running Phony Mortgage Audit Service
MBA: $480.1 Billion in Multifamily Mortgages During 2022
Last year’s total was generated by 2,242 lenders. Continue Reading MBA: $480.1 Billion in Multifamily Mortgages During 2022
CBC Mortgage Agency Adds USDA Loans to Correspondent Offerings
USDA loans offer 100% financing for low- and moderate-income borrowers in eligible rural areas. Continue Reading CBC Mortgage Agency Adds USDA Loans to Correspondent Offerings
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