Mortgage Industry News
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
Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
After leaving the Trump administration, Montgomery became founding partner and chairman of Gate House Strategies. Continue Reading Former FHA Commissioner Brian D. Montgomery Joins NewDay USA as Vice Chairman
Rocket Companies and Compass Announce 3-Year Strategic Alliance
“When barriers are removed and supply grows, affordability improves,” said Varun Krishna, CEO of Rocket Companies. Continue Reading Rocket Companies and Compass Announce 3-Year Strategic Alliance
Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Willamette Valley Bank is a state-chartered community bank founded in 2000. Continue Reading Oregon’s Willamette Valley Bank to Cease Residential Mortgage Lending
Rosegate Mortgage Partners with Investment Firm on Origination Platform
Craig Freel, Rice Park’s president and co-chief investment officer, said, “We’re looking forward to cultivating this relationship.” Continue Reading Rosegate Mortgage Partners with Investment Firm on Origination Platform
FICO Rolls Out Tool to Simulate Credit Score Impacts
The tool can run credit event scenarios from an applicant’s credit report data and determine the potential impact to that individual’s actual FICO Score. Continue Reading FICO Rolls Out Tool to Simulate Credit Score Impacts
Mortgage Rates Are Climbing Again
The 30-year fixed-rate mortgage averaged 6.54% as of Oct. 24, up from last week when it averaged 6.44%. Continue Reading Mortgage Rates Are Climbing Again
Mortgage Applications Down, Forbearance Levels Up
The total number of loans now in forbearance increased to 0.34% as of Sept. 30. Continue Reading Mortgage Applications Down, Forbearance Levels Up
Mortgage Rates Continue to Rise
The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17. Continue Reading Mortgage Rates Continue to Rise
Report: The City with the Most Mortgage Delinquency Is…
Honolulu ranked as the city with the lowest level of mortgage delinquencies. Continue Reading Report: The City with the Most Mortgage Delinquency Is…
Mortage Application Activity and Credit Availability in Decline
The Mortgage Credit Availability Index (MCAI) dropped by 0.5% to 98.5 in September. Continue Reading Mortage Application Activity and Credit Availability in Decline
Mortgage Rates Up Sharply
The 30-year fixed-rate mortgage averaged 6.32% as of Oct. 10, up from last week when it averaged 6.12%. Continue Reading Mortgage Rates Up Sharply
Mortgage Application Activity Slows Down
The seasonally adjusted Purchase Index dipped by a scant 0.1% from one week earlier. Continue Reading Mortgage Application Activity Slows Down
Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
Franklin Credit will make a monetary payment of $300,000 to the state Continue Reading Massachusetts in Settlement with Franklin Credit Over Zombie Second Mortgages
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