Mortgage Industry News
FHA Releases MMI Fund Report for FY 2025
The report stated the MMI Fund’s economic net worth rose by roughly $16 billion in FY 2025, reaching a new total of $188.87 billion. Continue Reading FHA Releases MMI Fund Report for FY 2025
Mortgage Rates Drop to Lowest Level of 2025
The 30-year fixed-rate mortgage averaged 6.15% as of Dec. 31. Continue Reading Mortgage Rates Drop to Lowest Level of 2025
The City with the Highest Mortgage Delinquency Rate Is…
San Francisco and San Jose ranked at the bottom as the cities with the lowest mortgage delinquencies. Continue Reading The City with the Highest Mortgage Delinquency Rate Is…
Mortgage Application Activity Tumbles by 5.2%
The FHA share of total applications increased to 19.9% from 19.4% the week prior. Continue Reading Mortgage Application Activity Tumbles by 5.2%
New Home Purchase Mortgage Applications Down in October
The average loan size for new homes increased from $379,107 in September to $381,404 in October. Continue Reading New Home Purchase Mortgage Applications Down in October
Ally Financial to End Mortgage Originations
The digital-only bank’s layoffs will affect less than 5% of its workforce. Continue Reading Ally Financial to End Mortgage Originations
Mortgage Application Activity Starts 2025 in Decline
The Refinance Index increased 2% from the previous week and was 6% lower than the same week one year ago. Continue Reading Mortgage Application Activity Starts 2025 in Decline
Mortgage Rates at Highest Level Since July
The 30-year fixed-rate mortgage averaged 6.91% as of Jan. 2. Continue Reading Mortgage Rates at Highest Level Since July
Mortgage Applications Down Over a Two-Week Period
The refinance share of mortgage activity decreased to 39.4% of total applications from 44.3% the previous week. Continue Reading Mortgage Applications Down Over a Two-Week Period
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 6.85% as of Dec. 26. Continue Reading Mortgage Rates Continue to Rise
Mortgage Forbearance Level Inches Up
The share of Fannie Mae and Freddie Mac loans in forbearance increased 1 basis point to 0.21% last month. Continue Reading Mortgage Forbearance Level Inches Up
Mortgage Rates Rise Ahead of Christmas
The 30-year fixed-rate mortgage averaged 6.72% as of Dec. 19. Continue Reading Mortgage Rates Rise Ahead of Christmas
CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
The CFPB report also noted that domestic violence survivors face additional problems with servicers. Continue Reading CFPB: Mortgage Servicers Preying on Divorced and Widowed Borrowers
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
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