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New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders
The proposed regulation tests will take place where the nonbanks are originating loans rather than where they have a physical branch presence. Continue Reading New York State Considers Expanding CRA Law to Cover Nonbank Mortgage Lenders
Mortgage Application Activity Down Slightly
The MBA reported mortgage applications for new home purchases in November were up 7.2% year-over-year. Continue Reading Mortgage Application Activity Down Slightly
Additional Reading: Top Mortgage Industry News & Headlines
Mortgage Rates in a Modest Drop
The 30-year fixed-rate mortgage averaged 6.69% as of Dec. 5. Continue Reading Mortgage Rates in a Modest Drop
Mortgage Application Activity Up Nearly 3%
The seasonally adjusted Purchase Index increased 6% from one week earlier. Continue Reading Mortgage Application Activity Up Nearly 3%
Three Bay Area Real Estate Professionals Sentenced for Mortgage Fraud Scams
“The defendants tried to line their own pockets at the expense of homebuyers, lenders, and federally insured programs,” said US Attorney Ismail J. Ramsey. Continue Reading Three Bay Area Real Estate Professionals Sentenced for Mortgage Fraud Scams
NerdWallet Acquires Mortgage Brokerage Next Door Lending
Next Door Lending’s president and co-owner is Jonathan Haddad, who is also chairman and chief executive of AIME. Continue Reading NerdWallet Acquires Mortgage Brokerage Next Door Lending
Mortgage Application Payments Down in September
Homebuyer affordability improved last month as the national median payment applied for by purchase applicants dropped by 0.8% from $2,057 in August to $2,041 in September, according to the Mortgage Bankers Association's (MBA) Purchase Applications Payment Index. The...
Mortgage Rates Up for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.72% as of Oct. 31. Continue Reading Mortgage Rates Up for Fifth Straight Week
Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage rates were at a historic low of 2.65% in 2021 before soaring to decade-long highs of 7.79% in the fall of 2023. Continue Reading Nearly Half of Recent Homebuyers Secured Mortgage Rates Below 5%
Mortgage Application Activity Flattens Out
The refinance share of mortgage activity decreased to 43.1% of total applications. Continue Reading Mortgage Application Activity Flattens Out
Guest Opinion: MBA Chief Broeksmit on the Election and Housing Policy
MBA President and CEO Bob Broeksmit considers housing policy after Election Day. Continue Reading Guest Opinion: MBA Chief Broeksmit on the Election and Housing Policy
Forecast: Mortgage Origination to Reach $2.3 Trillion in 2025
MBA predicts mortgage rates will reach 5.9% by the end of 2025. Continue Reading Forecast: Mortgage Origination to Reach $2.3 Trillion in 2025
Rosegate Mortgage Partners with Investment Firm on Origination Platform
Craig Freel, Rice Park’s president and co-chief investment officer, said, “We’re looking forward to cultivating this relationship.” Continue Reading Rosegate Mortgage Partners with Investment Firm on Origination Platform
FICO Rolls Out Tool to Simulate Credit Score Impacts
The tool can run credit event scenarios from an applicant’s credit report data and determine the potential impact to that individual’s actual FICO Score. Continue Reading FICO Rolls Out Tool to Simulate Credit Score Impacts
Mortgage Rates Are Climbing Again
The 30-year fixed-rate mortgage averaged 6.54% as of Oct. 24, up from last week when it averaged 6.44%. Continue Reading Mortgage Rates Are Climbing Again
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
