Mortgage Industry News
Vermont Credit Union Debuts Islamic Home Financing Program
NorthCountry Federal Credit Union serves 75,000 accountholders primarily throughout Vermont, New York and New Hampshire. Continue Reading Vermont Credit Union Debuts Islamic Home Financing Program
Rick Seehausen Named President of Lenders One
Seehausen replaces Justin Demola, who left Lenders One last month to join Equifax as senior vice president of mortgage and housing, Continue Reading Rick Seehausen Named President of Lenders One
United Wholesale Mortgage’s Ishbia: Trump and Pulte ‘Care About the Housing Market’
“They’re thinking about things that we’ve all talked about in our industry,” he said. Continue Reading United Wholesale Mortgage’s Ishbia: Trump and Pulte ‘Care About the Housing Market’
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
Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
Section 184 home mortgage loans are fully available in 24 states. Continue Reading Carrington Mortgage Services to Provide Section 184 Loans for Native Americans
MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
“The jumbo index increased to its highest level since August 2022,” said MBA’s Joel Kan. Continue Reading MBA: Mortgage Credit Availability Up for Sixth Consecutive Month
Mortgage Application Activity Takes a Downturn
The seasonally adjusted Purchase Index increased 1% from one week earlier, but the unadjusted index fell by 19%. Continue Reading Mortgage Application Activity Takes a Downturn
FHA Updates 203(k) Program for Home Repair Financing
“The changes we are announcing today for the 203(k) program are long overdue,” said FHA Commissioner Julia Gordon. Continue Reading FHA Updates 203(k) Program for Home Repair Financing
EMM Loans and Calque to Offer The Trade-In Mortgage
The product will be offered by EMM Loans and its DBAs – Ideal Mortgage Group, Maximus Mortgage Advisors and Fidelity Lending LLC. Continue Reading EMM Loans and Calque to Offer The Trade-In Mortgage
Guaranteed Rate Announces Rebranding
The rebranding process will be gradual, the company stated. Continue Reading Guaranteed Rate Announces Rebranding
Mortgage Rates Rise to Just Below 7%
The 30-year fixed-rate mortgage averaged 6.95% as of July 3. Continue Reading Mortgage Rates Rise to Just Below 7%
FHA Translates 19 Mortgage Servicing Documents into 5 Foreign Languages
The documents are available in Chinese, Korean, Spanish, Tagalog, and Vietnamese on the FHA website. Continue Reading FHA Translates 19 Mortgage Servicing Documents into 5 Foreign Languages
Mortgage Application Activity Slumps Again
The FHA share of total applications remained unchanged at 13.1%. Continue Reading Mortgage Application Activity Slumps Again
Mortgage Rates Moves Further from the 7% Mark
The 30-year fixed-rate mortgage averaged 6.86% as of June 27. Continue Reading Mortgage Rates Moves Further from the 7% Mark
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