Mortgage Industry News
Former Mayor of NJ Town Convicted in Mortgage Fraud Case
Sentencing is scheduled for June 1. Continue Reading Former Mayor of NJ Town Convicted in Mortgage Fraud Case
Decline in Mortgage Applications Blamed on Snowstorms
“The annual increase in purchase applications was the weakest since April 2025,” said MBA’s Joel Kan. Continue Reading Decline in Mortgage Applications Blamed on Snowstorms
Mortgage Rates Drop for Second Straight Week
The 30-year fixed-rate averaged 6.19% as of Dec. 4. Continue Reading Mortgage Rates Drop for Second Straight Week
Mortgage Application Activity Slows Again
Among the federal programs, the FHA share of total applications decreased to 18.3% from 18.8% the week prior. Continue Reading Mortgage Application Activity Slows Again
FHFA Gives Green Light for Use of FICO 10T Score Data
FICO announced the news in a corporate blog post; the FHFA has yet to make a formal announcement. Continue Reading FHFA Gives Green Light for Use of FICO 10T Score Data
Better.com Unveils FHA Streamline Refinance Product
Vishal Garg, CEO and founder of Better.com, said the product reduces “the traditional barriers that exist for FHA borrowers.” Continue Reading Better.com Unveils FHA Streamline Refinance Product
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 5, unchanged from last week. Continue Reading Mortgage Rates Remain Flat
Mortgage Application Activity Up 1.6%
Among the federal programs, the FHA share of total applications decreased to 14.6% from 15.3% the week prior. Continue Reading Mortgage Application Activity Up 1.6%
Mortgage Rates Drop Again
The 30-year fixed-rate mortgage averaged 6.35% as of Aug. 29. Continue Reading Mortgage Rates Drop Again
Home Mortgage Lending Records Q2 Rebound
Purchase loan activity was up by 32.7% while refinance deals rose by 10.3%. Continue Reading Home Mortgage Lending Records Q2 Rebound
Mortgage Application Activity Up by a Slight 0.5%
The seasonally adjusted Purchase Index was up by 1% percent from one week earlier, but the unadjusted index was down by 1%. Continue Reading Mortgage Application Activity Up by a Slight 0.5%
Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
22% have a rate below 3%. Continue Reading Report: 6 of 7 People with Mortgages Have Interest Rates Below 6%
California Poised to Open Mortgage Assistance Program to Illegal Immigrants
Gov. Gavin Newsom has not publicly stated if he would sign the bill into law. Continue Reading California Poised to Open Mortgage Assistance Program to Illegal Immigrants
Rocket Mortgage Debuts Program to Lower Home Loan Payments
Homebuyers are eligible if they are purchasing a single-family home and have income equal to or less than 80% of their area median income. Continue Reading Rocket Mortgage Debuts Program to Lower Home Loan Payments
Monthly Mortgage Payments Record First Annual Decline in 4 Years
Redfin said monthly payments dipped 0.1% dip from one year ago. Continue Reading Monthly Mortgage Payments Record First Annual Decline in 4 Years
