Mortgage Industry News
Mortgage Applications Down by 1.6%
Both the seasonally adjusted and unadjusted Purchase Index were 1% lower from one week earlier. Continue Reading Mortgage Applications Down by 1.6%
FHA Raises Loan Limits for Manufactured Homes
The FHA said it will recalculate the program’s loan limits on an annual basis to keep pace with changing home prices. Continue Reading FHA Raises Loan Limits for Manufactured Homes
David H. Stevens: Mortgage Fee Changes Politicized ‘Across the Conservative Media’
One of the most prominent thought leaders in the mortgage banking industry is complaining that politics is framing the narrative surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac that will...
Report: Average Monthly Mortgage Payment is $2,317
Average mortgage payments are most expensive in Hawaii ($3,696), California ($3,399) and Massachusetts ($3,201). Continue Reading Report: Average Monthly Mortgage Payment is $2,317
MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
Broeksmit said the changes “were meant to address some anomalies in the previous pricing structure.” Continue Reading MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
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