Mortgage Industry News
February New Home Purchase Mortgage Applications Up by 0.9%
Conventional loans composed 49.4 % of loan applications and FHA loans composed 35.3%. Continue Reading February New Home Purchase Mortgage Applications Up by 0.9%
Palantir Teams with Moder on AI-Powered Mortgage Operations Platform
“This strategic partnership will reshape the future of our industry,” said Michael Middleman, chairman of Moder. Continue Reading Palantir Teams with Moder on AI-Powered Mortgage Operations Platform
Newrez to Recognize Crypto Assets for Mortgage Qualification
This offering will be available in February across Newrez’s Smart Series suite of non-agency products. Continue Reading Newrez to Recognize Crypto Assets for Mortgage Qualification
30-Year Fixed Rate Mortgage Drops to 3-Year Low
The 30-year fixed-rate mortgage averaged 6.06% as of Jan. 15. Continue Reading 30-Year Fixed Rate Mortgage Drops to 3-Year Low
December New Home Purchase Mortgage Applications Up by 2.5%
The average loan size for new homes increased from $378,063 in November to $380,607 in December. Continue Reading December New Home Purchase Mortgage Applications Up by 2.5%
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
Mortgage Bankers Association Brings Undergraduate Course to Cleveland State University
The program offers a three-credit undergraduate course on residential mortgage origination and processing. Continue Reading Mortgage Bankers Association Brings Undergraduate Course to Cleveland State University
Mortgage Application Activity Soars by 33%
The Refinance Index increased 44% from the previous week and was 22% higher than the same week one year ago. Continue Reading Mortgage Application Activity Soars by 33%
Georgia Woman Pleads Guilty for Role in 3-Year Mortgage Fraud Scheme
Kimberly Johnson is scheduled to be sentenced on April 11. Continue Reading Georgia Woman Pleads Guilty for Role in 3-Year Mortgage Fraud Scheme
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