Mortgage Industry News
Mortgage Rates Take a Mild Tumble
The 30-year fixed-rate mortgage averaged 6.43% as of July 2, down from last week when it averaged 6.49%. Continue Reading Mortgage Rates Take a Mild Tumble
Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Tammy Richards, chief strategy officer at NEXA, has been named CEO of evoLend, which will operate as an independent company. Continue Reading Mike Kortas Launches evoLend as Start-Up Mortgage Servicing Company
Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
The findings are based on an online survey of approximately 2,000 Canadians across all regions. Continue Reading Survey Finds High Anxiety Levels Among Canadians Facing Mortgage Renewals
Refinancing Action Sparks Uptick in Mortgage Application Activity
The FHA share of total applications increased to 17.9% from 17.5% the week prior. Continue Reading Refinancing Action Sparks Uptick in Mortgage Application Activity
HUD Updates 14 FHA Policies in Move to Improve Affordability
“Every unnecessary regulation comes with a cost, and too often homebuyers pay the price,” said HUD Secretary Scott Turner. Continue Reading HUD Updates 14 FHA Policies in Move to Improve Affordability
Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement
The lawsuit accused UWM chief executive Mat Ishbia of using foul language to proclaim his hatred for Rocket. Continue Reading Rocket Sues UWM, Claiming Breach of Contract of MSR Agreement
Mortgage Rates Dip While Delinquency Levels Rise
The 30-year fixed-rate mortgage averaged 6.36% as of May 14. Continue Reading Mortgage Rates Dip While Delinquency Levels Rise
Mortgage Application Activity Up, Mortgage Credit Availability Down
The FHA share of total applications inched up to 17.9% from 17.7% the week prior. Continue Reading Mortgage Application Activity Up, Mortgage Credit Availability Down
Douglas Elliman Expands Mortgage Platform to California
The platform’s products include conventional and jumbo loans, construction financing, commercial lending, bridge loans, FHA and VA loans. Continue Reading Douglas Elliman Expands Mortgage Platform to California
Union Home Mortgage Names Dino Lack as Chief Information Officer
He was previously chief information officer at Newrez and chief product officer at Caliber Home Loans. Continue Reading Union Home Mortgage Names Dino Lack as Chief Information Officer
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
The dollar volume of loans originated for investor-driven lenders increased by 133% year-over-year. Continue Reading Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
FHFA’s Pulte Predicts Fed Gov. Lisa Cook Will be Indicted for Mortgage Fraud
Pulte also insisted that politics did not play a role in his criminal referral. Continue Reading FHFA’s Pulte Predicts Fed Gov. Lisa Cook Will be Indicted for Mortgage Fraud
ICE Blamed for Austin Multifamily Property Going to Special Servicing
The 294-unit Villas Del Sol property fell delinquent on its Freddie Mac loan Continue Reading ICE Blamed for Austin Multifamily Property Going to Special Servicing
Mortgage Application Activity Down While Home Prices Continue to Rise
The national median single-family existing-home price rose 0.5% year-over-year to $404,300 in the first quarter. Continue Reading Mortgage Application Activity Down While Home Prices Continue to Rise
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