Mortgage Industry News
Report: Nationwide Mortgage Delinquency Rate at 4-Year High
609,000 borrowers who were current on payments in October became delinquent in November, marking the largest single-month inflow since May 2020. Continue Reading Report: Nationwide Mortgage Delinquency Rate at 4-Year High
reAlpha Tech Corp. Acquires InstaMortgage
Under the terms of the definitive agreement, reAlpha would acquire 100% of the outstanding equity of InstaMortgage for total consideration of approximately $8.5 million. Continue Reading reAlpha Tech Corp. Acquires InstaMortgage
Trump Floats 50-Year Mortgage Proposal, But Many Conservatives Disapprove
FHFA Director Bill Pulte called the idea a “game changer.” Continue Reading Trump Floats 50-Year Mortgage Proposal, But Many Conservatives Disapprove
Mortgage Credit Availability at 3-Year High
“Credit availability in October rose to its highest level since 2022 as investors broadened their loan offerings over the month,” said MBA’s Joel Kan Continue Reading Mortgage Credit Availability at 3-Year High
Mortgage Rates Inch Up Again
The 30-year fixed-rate mortgage averaged 6.22% as of Nov. 6. Continue Reading Mortgage Rates Inch Up Again
Mortgage Applications Down, Forbearance Levels Up
The total number of loans now in forbearance increased to 0.34% as of Sept. 30. Continue Reading Mortgage Applications Down, Forbearance Levels Up
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17. Continue Reading Mortgage Rates Continue to Rise
Report: The City with the Most Mortgage Delinquency Is…
Honolulu ranked as the city with the lowest level of mortgage delinquencies. Continue Reading Report: The City with the Most Mortgage Delinquency Is…
Mortage Application Activity and Credit Availability in Decline
The Mortgage Credit Availability Index (MCAI) dropped by 0.5% to 98.5 in September. Continue Reading Mortage Application Activity and Credit Availability in Decline
Mortgage Rates Up Sharply
The 30-year fixed-rate mortgage averaged 6.32% as of Oct. 10, up from last week when it averaged 6.12%. Continue Reading Mortgage Rates Up Sharply
Mortgage Application Activity Slows Down
The seasonally adjusted Purchase Index dipped by a scant 0.1% from one week earlier. Continue Reading Mortgage Application Activity Slows Down
Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
Franklin Credit will make a monetary payment of $300,000 to the state Continue Reading Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
Mortgage Rates Record Uptick
The 30-year fixed-rate mortgage averaged 6.12% as of Oct. 3, up from last week when it averaged 6.08%. Continue Reading Mortgage Rates Record Uptick
Market Spotlight: Four New Regional Programs for Borrowers
A quartet of new regionally focused programs for current and prospective homeowners have been announced this week. Westerly, Rhode Island-based Washington Trust has expanded its RI Community Lending Program with the addition of I Luv RI Home Improvement Loans as home...
Mortgage Application Activity Drops by 1.3%
The VA share of total applications dropped to 15.4% from 18.3%. Continue Reading Mortgage Application Activity Drops by 1.3%
Recent Posts
Ex-Massachusetts Real Estate Executive Sentenced for Tax Fraud and Obstruct…- Over Half of Canadian Homeowners Prepare to Cut Spending Ahead of Mortgage …
- JLL Names Mark Kreisman as Global Division President for Financial Services
- Which Market Boasts 99% of Active Listings Priced at $1 Million or Higher?
- Texas Deed Fraud Scammer Sentenced to 10 Years in Prison
