Mortgage Industry News
Mortgage Application Activity Declines Amid Slowdown in Refinancing
The FHA share of total applications decreased to 17.2% from 17.9% the week prior. Continue Reading Mortgage Application Activity Declines Amid Slowdown in Refinancing
Mortgage Delinquency Rate Held Steady in April
Mortgage prepayments, measured as the single month mortality rate, fell 13% as rates moved higher. Continue Reading Mortgage Delinquency Rate Held Steady in April
Invesco Mortgage Capital Promotes Kevin Collins to CEO
Collins will succeed John Anzalone, who is retiring on April 30 after a nine-year tenure as CEO. Continue Reading Invesco Mortgage Capital Promotes Kevin Collins to CEO
Mortgage Rates Decline for Second Straight Week
“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Decline for Second Straight Week
Refinancing Surge Drives Up Mortgage Application Activity
The Refinance Index increased 5% and was 15% higher than the same week one year ago. Continue Reading Refinancing Surge Drives Up Mortgage Application Activity
Foreclosure Activity Up 13% Year-Over-Year
Lenders started the foreclosure process on 24,302 properties last month, up 12% from June and up 11% from July 2024. Continue Reading Foreclosure Activity Up 13% Year-Over-Year
Refinancing Surge Fuels Rise in Mortgage Application Activity
The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 10.9% on a seasonally adjusted basis from one week earlier. Continue Reading Refinancing Surge Fuels Rise in Mortgage Application Activity
Multifamily Developer Confidence Up Slightly During Q2
“Multifamily developer confidence and sentiment are showing slight signs of improvement when compared to this time last year,” said Debra Guerrero, chairman of NAHB’s Multifamily Council. Continue Reading Multifamily Developer Confidence Up Slightly During Q2
Mortgage Rates Decline to Lowest Level Since April
The 30-year fixed-rate mortgage averaged 6.63% as of Aug. 7, down from last week when it averaged 6.72%, according to the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). A year ago at this time, it averaged 6.47%. The 15-year fixed-rate...
Freddie Mac Expands CHOICEHome Mortgage Program to Single-Section Manufactured Homes
Freddie Mac (OTCQB: FMCC) announced the expansion of its CHOICEHome conventional financing options to include modern single-section manufactured homes. Previously, Freddie Mac provided multi-section factory-built homes with a 3% down payment option. As of today,...
Mortgage Application Activity Up 3.1%
The Refinance Index took a 5% week-over-week rise and was 18 percent higher than the same week one year ago. Continue Reading Mortgage Application Activity Up 3.1%
Senate Approves Bill Prohibiting Trigger Leads
Mortgage Bankers Association President and CEO Bob Broeksmit said it was “a long-overdue measure.” Continue Reading Senate Approves Bill Prohibiting Trigger Leads
Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
On a year-over-year measurement, there was a 140% spike in the dollar volume of loans for office properties. Continue Reading Q2 Commercial and Multifamily Mortgage Originations Up 66% from Last Year
Mortgage Rates Dip, Homebuyer Affordability Up Slightly
The national median payment applied for by purchase applicants dropped to $2,172 from $2,211 in May. Continue Reading Mortgage Rates Dip, Homebuyer Affordability Up Slightly
New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral
“The American dream of homeownership is not a reality for many young people,” said Sen. Cynthia Lummis. Continue Reading New Senate Bill Would Recognize Cryptocurrency as Mortgage Collateral
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