Mortgage Industry News
Invesco Mortgage Capital Promotes Kevin Collins to CEO
Collins will succeed John Anzalone, who is retiring on April 30 after a nine-year tenure as CEO. Continue Reading Invesco Mortgage Capital Promotes Kevin Collins to CEO
Mortgage Rates Decline for Second Straight Week
“Mortgage rates declined this week to a four-week low of 6.30%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Decline for Second Straight Week
Mortgage Credit Availability Improved in March
“Credit availability increased modestly in March to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Improved in March
Mortgage Rates Inch Down
The 30-year fixed-rate mortgage averaged 6.37% as of April 9, down from last week when it averaged 6.46%. Continue Reading Mortgage Rates Inch Down
Over Half of Canadian Homeowners Prepare to Cut Spending Ahead of Mortgage Renewals
Canadian homeowners facing mortgage renewals are preparing to cut their budgets to manage higher payments, while prospective buyers are preparing to make a move later this year. According to a new survey from TD Bank, more than half (56%) of Canadian homeowners said...
TransUnion Cuts VantageScore 4.0 Price to 99 Cents Per Mortgage Origination Score
“Prior to this announcement, TransUnion’s charge for VantageScore in mortgage origination was $4.00,” said TransUnion’s David M. Blumberg, Continue Reading TransUnion Cuts VantageScore 4.0 Price to 99 Cents Per Mortgage Origination Score
30-Year Fixed-Rate Mortgage Floats Up to 6.00%
A year ago at this time, it averaged 6.63%. Continue Reading 30-Year Fixed-Rate Mortgage Floats Up to 6.00%
Mortgage Application Activity Surges by 11%
The FHA share of total applications decreased to 15.8% from 16.1% the week prior. Continue Reading Mortgage Application Activity Surges by 11%
FHFA’s Pulte: Trump ‘Single-Handedly Lowered Mortgage Rates’
“He’s the best,” the FHFA director cheered. Continue Reading FHFA’s Pulte: Trump ‘Single-Handedly Lowered Mortgage Rates’
Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
After leaving the Trump administration, Montgomery became founding partner and chairman of Gate House Strategies. Continue Reading Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
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
30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
A year ago at this time, it averaged 6.76%. Continue Reading 30-Year Fixed-Rate Mortgage Drops Below 6% for the First Time Since 2022
Mortgage Application Activity Remains Flat
The FHA share of total applications decreased to 16.1% from 18.4% the week prior. Continue Reading Mortgage Application Activity Remains Flat
New FICO Mortgage Simulator Previews Potential Impact of Different Credit Actions
The new tool simulates how different credit actions could impact several of the FICO Score versions used in mortgage lending. Continue Reading New FICO Mortgage Simulator Previews Potential Impact of Different Credit Actions
