Mortgage Industry News
Mortgage Rates Rise for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 6.46% as of April 2, up from last week when it averaged 6.38%. Continue Reading Mortgage Rates Rise for Fifth Straight Week
Finance of America Reverse Debuts HomeSafe Second Line of Credit
The product is now available in California, with a further rollout planned in the coming weeks. Continue Reading Finance of America Reverse Debuts HomeSafe Second Line of Credit
Vermont Credit Union Debuts Islamic Home Financing Program
NorthCountry Federal Credit Union serves 75,000 accountholders primarily throughout Vermont, New York and New Hampshire. Continue Reading Vermont Credit Union Debuts Islamic Home Financing Program
Rick Seehausen Named President of Lenders One
Seehausen replaces Justin Demola, who left Lenders One last month to join Equifax as senior vice president of mortgage and housing, Continue Reading Rick Seehausen Named President of Lenders One
Mortgage Delinquencies Up During Q4 2025
The five states with the largest quarterly increases in their overall delinquency rate were: Mississippi (109 basis points), Louisiana (89 basis points), Maryland (87 basis points), Oklahoma (86 basis points), and Indiana (86 basis points). Continue Reading Mortgage Delinquencies Up During Q4 2025
Ohio AG Sues United Wholesale Mortgage, Claiming ‘Conspiracy’ with Brokers
Yost launched his campaign for governor in January. Continue Reading Ohio AG Sues United Wholesale Mortgage, Claiming ‘Conspiracy’ with Brokers
California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors
The bill was inspired by the mortgage forbearance aspects of the Covid-era CARES Act. Continue Reading California Lawmakers Introduce Mortgage Forbearance Bill for LA Wildfire Survivors
Mortgage Rates Take an Upswing
The 30-year fixed-rate mortgage averaged 6.83% as of April 17, up from last week when it averaged 6.62%. Continue Reading Mortgage Rates Take an Upswing
Leadership Shifts at American Financial Resources
Robert Pieklo joined AFP as COO in February 2024 following its acquisition by Proprietary Capital. Continue Reading Leadership Shifts at American Financial Resources
Mortgage Application Volume Down 8.5%
The Refinance Index decreased 12% from the previous week. Continue Reading Mortgage Application Volume Down 8.5%
FHFA to Establish Mortgage Fraud Tip Line
“There is no room for fraud in our mortgage markets. None,” said FHFA Director Bill Pulte. Continue Reading FHFA to Establish Mortgage Fraud Tip Line
360training.com Acquires My Mortgage Trainer
360training.com Inc., an online provider of regulatory-approved training and compliance solutions, has acquired My Mortgage Trainer, an NMLS-approved provider of mortgage education and compliance training. The financial terms of the transaction were not disclosed. The...
30-Year Fixed-Rate Mortgage Down for 12th Straight Week
The 15-year fixed-rate mortgage averaged 5.82%, unchanged from last week. Continue Reading 30-Year Fixed-Rate Mortgage Down for 12th Straight Week
St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Edward James Mitchell Jr. is scheduled to be sentenced on July 8. Continue Reading St. Louis Man Pleads Guilty to Mortgage Fraud Scams
Mortgage Marketing Vault Launches as Platform for Loan Officers
The new platform offers online marketing content including social media posts, videos and blog articles to templates and printables. Continue Reading Mortgage Marketing Vault Launches as Platform for Loan Officers
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