Mortgage Industry News
Rocket Companies and Compass Announce 3-Year Strategic Alliance
“When barriers are removed and supply grows, affordability improves,” said Varun Krishna, CEO of Rocket Companies. Continue Reading Rocket Companies and Compass Announce 3-Year Strategic Alliance
Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Willamette Valley Bank is a state-chartered community bank founded in 2000. Continue Reading Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Mortgage Application Activity Starts 2026 with a Whimper
The FHA share of total applications increased to 20.0% from 18.4% the week prior. Continue Reading Mortgage Application Activity Starts 2026 with a Whimper
Florida’s First Federal Bank Acquires NOLA Lending Group
First Federal anticipates retention of most NOLA Lending Group employees. Continue Reading Florida’s First Federal Bank Acquires NOLA Lending Group
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
California Mortgage Firm President Arrested for DUI Collision That Killed 88-Year-Old Man
Melvin Joseph Weibel, the 88-year-old passenger in the Ford Transit van, was pronounced dead at the scene. Continue Reading California Mortgage Firm President Arrested for DUI Collision That Killed 88-Year-Old Man
Cornerstone Capital Bank Launches Community Lending Division
The bank stated it will seek “to close racial and economic gaps in homeownership and help families achieve their dream of owning a home.” Continue Reading Cornerstone Capital Bank Launches Community Lending Division
Bank of England Governor Warns Against Relaxing UK Mortgage Lending Guidelines
Andrew Bailey said the guidelines protected the nation against a wave of failed mortgages. Continue Reading Bank of England Governor Warns Against Relaxing UK Mortgage Lending Guidelines
Mortgage Rates Stay Just Under 7%
The 30-year fixed-rate mortgage averaged 6.95% as of Jan. 30. Continue Reading Mortgage Rates Stay Just Under 7%
Mortgage Application Activity Slows Down
The Refinance Index was down by 7% from the previous week and was 5% higher than the same week one year ago. Continue Reading Mortgage Application Activity Slows Down
Mortgage Rates Drop Below 7%
The 30-year fixed-rate mortgage averaged 6.96% as of Jan. 23. Continue Reading Mortgage Rates Drop Below 7%
Mortgage Application Activity is Dull, Forbearance Levels Drop
“Almost 43% of borrowers in forbearance were there due to a natural disaster,” said MBA’s Marina Walsh. Continue Reading Mortgage Application Activity is Dull, Forbearance Levels Drop
A&D Mortgage Acquires Wholesale Mortgage Origination Business from Mr. Cooper
The acquisition expands A&D’s broker network to more than 8,500 partners. Continue Reading A&D Mortgage Acquires Wholesale Mortgage Origination Business from Mr. Cooper
FCC Warns Against Fraudulent Mortgage Calling Campaign
Green Mirage has impersonated over 400 mortgage institutions and caused hundreds of thousands of dollars of losses to deceived homeowners. Continue Reading FCC Warns Against Fraudulent Mortgage Calling Campaign
Mortgage Rates Break Past 7% Level
Mortgage rates ticked up for the fifth consecutive week. Continue Reading Mortgage Rates Break Past 7% Level
