Mortgage Industry News
Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
“This should be the end of this case,” said Abbe Lowell, James’ attorney. Continue Reading Report: Grand Jury Refuses to Indict Letitia James in Mortgage Fraud Case
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
Experian Offers Free VantageScore 4.0 to Mortgage Lenders
“Experian is dedicated to fostering a more competitive mortgage landscape,” said CEO Brian Cassin. Continue Reading Experian Offers Free VantageScore 4.0 to Mortgage Lenders
PHH Mortgage Debuts FlexIQ Suite of Non-QM Products
FlexIQ will replace PHH’s previously offered Gold/Silver/Bronze non-QM programs. Continue Reading PHH Mortgage Debuts FlexIQ Suite of Non-QM Products
Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
“This launch underscores our commitment to supporting the non-QM ecosystem,” said Tom Hutchens, president of Angel Oak Mortgage Solutions. Continue Reading Non-QM Lender Angel Oak Mortgage Solutions Debuts 5- and 7-Year Adjustable-Rate Mortgages
Mortgage Rates Slide to Just Under 7%
The 30-year fixed-rate mortgage averaged 6.99% as of June 6. Continue Reading Mortgage Rates Slide to Just Under 7%
Q1 Mortgage Lending at Lowest Level Since 2000
Lenders issued $405.6 billion worth of residential mortgages in the first quarter. Continue Reading Q1 Mortgage Lending at Lowest Level Since 2000
Mortgage Application Activity Continues to Drag
The Market Composite Index was down by 5.2% on a seasonally adjusted basis. Continue Reading Mortgage Application Activity Continues to Drag
GO Mortgage and PacRes Mortgage Announce Merger
GO Mortgage CEO Michael Isaacs will become the chief executive of the combined company. Continue Reading GO Mortgage and PacRes Mortgage Announce Merger
Most Homebuyers Are Not Shopping Around for a Mortgage
Baby boomers were the least likely to comparison shop (28%) while millennials were most likely. Continue Reading Most Homebuyers Are Not Shopping Around for a Mortgage
One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Most Canadians believe lower interest rates will make it more affordable for covering mortgage costs. Continue Reading One-Third of Canadians Predict Bank of Canada Rate Cut Next Week
Mortgage Application Payments Increased 2.5%
The national median mortgage payment for conventional loan applicants was $2,271. Continue Reading Mortgage Application Payments Increased 2.5%
CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
CFPB Director Rohit Chopra opined, “Junk fees and excessive closing costs can drain down payments and push up monthly mortgage costs.” Continue Reading CFPB Launches Public Inquiry into Mortgage Closing ‘Junk Fees’
Mortgage Rates Back Above 7%
A year ago at this time, the 30-year fixed-rate mortgage averaged 6.79%. Continue Reading Mortgage Rates Back Above 7%
Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Insufficient credit was the most common reason given (43%) for the application rejection Continue Reading Report: Nearly One-Quarter of Black Mortgage Applicants are Rejected
Recent Posts
Hits and Misses for the Real Estate Week of April 6-10- NAR in $52.2 Million Settlement of Tuccori Commissions Lawsuit
- First-Time Homebuyers Accounted for 21% of the Texas Housing Market
- Mid-Atlantic Region Records Spike in Listings
- Portrait Bank, Central Florida’s First De Novo Bank in Nearly 10 Year…
