Mortgage Industry News
Mortgage Application Activity Records Slight Uptick
The FHA share of total applications decreased to 16.9% from 17.9% the week prior. Continue Reading Mortgage Application Activity Records Slight Uptick
New Report Finds National Average for Mortgage Closing Costs Down by 3%
The greatest single-market shift during this period occurred in the District of Columbia, where closing costs dropped 21.1%. Continue Reading New Report Finds National Average for Mortgage Closing Costs Down by 3%
Southern Land Company Launches In-House Mortgage Division
SLC Lending will initially launch in core markets where the parent company has established master-planned and single-family home communities. Continue Reading Southern Land Company Launches In-House Mortgage Division
Mortgage Application Activity Dips by 2.3%
“Almost 10% of applications were for ARM loans, the highest share since October 2025, as borrowers sought loan types with lower rates,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Dips by 2.3%
Mortgage Applications for New Home Purchases Declined in April
The average loan size for new homes decreased from $381,938 in March to $378,384 in April. Continue Reading Mortgage Applications for New Home Purchases Declined in April
PennyMac Correspondent Group to Launch Non-QM Products
Pennymac intends to retain servicing on all non-QM products. Continue Reading PennyMac Correspondent Group to Launch Non-QM Products
Mortgage Originations Up 19% During Q2
A total of 689,217 refinance loans were issued in the second quarter, up 16.4% from the prior quarter. Continue Reading Mortgage Originations Up 19% During Q2
30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
The 15-year fixed-rate mortgage averaged 5.69%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Downticks to 10-Month Low
Median Mortgage Payments Down Slightly in July
“Affordability conditions have now improved for two consecutive months,” said MBA’s Edward Seiler. Continue Reading Median Mortgage Payments Down Slightly in July
Purchase Loans Up, Refinancing Down in Latest Mortgage Application Activity
Among the government programs, the FHA share of total applications remained unchanged at 19.1% from the week prior. Continue Reading Purchase Loans Up, Refinancing Down in Latest Mortgage Application Activity
Arizona Couple Sued for Running Foreclosure Rescue Schemes
Edward Trenton Albarracin and Gretchen Marie Zamjahn operated more than 50 fraudulent entities. Continue Reading Arizona Couple Sued for Running Foreclosure Rescue Schemes
Ex-CEO of Collapsed Crypto Trading Platform Starts Second Career as Mortgage Broker
Christopher Flinos is working at Balcombe Financial, a mortgage brokerage owned by his brother. Continue Reading Ex-CEO of Collapsed Crypto Trading Platform Starts Second Career as Mortgage Broker
A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Is the FHFA director intentionally refusing to investigate mortgage fraud claims against the Republican attorney general in Texas? Continue Reading A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21. Continue Reading Mortgage Rates Remain Flat
Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation
Pulte ignored questions posed to him on X on who authorized an investigation into Cook’s mortgage papers. Continue Reading Report: Trump May Try to Fire Fed Governor Following Mortgage Fraud Accusation
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