Mortgage Industry News
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 7.17% as of April 25. Continue Reading Mortgage Rates Continue to Rise
Two Former NJ Mortgage Lender Employees Charged in Fraud Scheme
The men are charged by complaint with one count of conspiracy to commit bank fraud. Continue Reading Two Former NJ Mortgage Lender Employees Charged in Fraud Scheme
One-Third of Homebuyers Now Paying in All-Cash Deals
Only 6.1% of mortgaged home sales used a jumbo loan in April, down from 10.6% a year earlier. Continue Reading One-Third of Homebuyers Now Paying in All-Cash Deals
Mortgage Application Activity Down for Fourth Consecutive Week
The refinance share of mortgage activity increased to 27.3% of total applications from 26.7% in the previous week. Continue Reading Mortgage Application Activity Down for Fourth Consecutive Week
Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
Behnke most recently served as regional manager for the company’s east region. Continue Reading Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
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