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Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Pulte did not issue any public response to the story. Continue Reading Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Additional Reading: Top Mortgage Industry News & Headlines
Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
In August, total US consumer debt totaled $17.91 trillion, up 2.1% year-over-year. Continue Reading Report: Mortgage Debt Accounted for Nearly Three-Quarters of All Consumer Debt in August
Mortgage Application Activity Slows Down Again
Among the federal programs, the FHA share of total applications increased to 18.5% from 16.8% the week prior. Continue Reading Mortgage Application Activity Slows Down Again
Second Prosecutor Balks at Trump Pressure to Indict Letitia James for Mortgage Fraud
Elizabeth Yusi has been with the Department of Justice for 18 years and has been a US Assistant Attorney for the last 10 years. Continue Reading Second Prosecutor Balks at Trump Pressure to Indict Letitia James for Mortgage Fraud
Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
The acquisition encompasses Flagstar’s MSRs, advances, subservicing contracts, and a third-party origination platform. Continue Reading Mr. Cooper Pays $1.4 Billion For Flagstar’s Mortgage Operations
MBA: Homebuyer Affordability Conditions Improve
The national median mortgage payment for conventional loan applicants in June was $2,180. Continue Reading MBA: Homebuyer Affordability Conditions Improve
Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
The study is based on responses from 15,020 customers who have been with their current mortgage loan servicer for at least one year. Continue Reading Rocket Mortgage Tops Mortgage Servicer Satisfaction Study for 10th Straight Year
Mortgage Application Activity Drops While Forbearance Levels Inch Up
The number of loans in forbearance increased in June for the first time since October 2022. Continue Reading Mortgage Application Activity Drops While Forbearance Levels Inch Up
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.77% as of July 18. Continue Reading Mortgage Rates Drop Again
HUD Proposes New Rule for Governing FHA Mortgage Note Sales
HUD is requesting public comment on its proposal by Sept. 16. Continue Reading HUD Proposes New Rule for Governing FHA Mortgage Note Sales
Motto Mortgage Opens First New Hampshire Office
The new office was established by David Duplessis, who brings 35 years of industry experience. Continue Reading Motto Mortgage Opens First New Hampshire Office
Mortgage Application Activity in 4% Upswing
The FHA share of total applications increased to 13.5% while the VA share increased to 15.2%. Continue Reading Mortgage Application Activity in 4% Upswing
Euclid Mortgage Creates Mortgage Advisory Panel
Andrew Bon Salle, Claudia Merkle and Ivy Zelman were named to the panel. Continue Reading Euclid Mortgage Creates Mortgage Advisory Panel
Mortgage Rates Slide Away from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.89% as of July 11. Continue Reading Mortgage Rates Slide Away from the 7% Mark
