Mortgage Industry News
CommLoan Adds Land and Build-to-Rent Financing to Platform
“Every deal type we add makes the platform smarter,” said Mitch Ginsberg, founder and CEO of CommLoan. Continue Reading CommLoan Adds Land and Build-to-Rent Financing to Platform
Survey: One-Third of Respondents Believed a Perfect Credit Score is Needed for a Mortgage
A new survey released by Veterans United Home Loans has discovered a rather considerable amount of incorrect assumptions by prospective homebuyers when it comes to acquiring a property. More than one-third of respondents (34%) were under the impression that they...
Mortgage Application Activity Up by Nearly 3%
The VA share of total applications increased to 16.5% from 16.0% percent the week prior. Continue Reading Mortgage Application Activity Up by Nearly 3%
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
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
Mortgage Rates Take a Small Dip
The 30-year fixed-rate mortgage averaged 6.46% as of Aug. 22. Continue Reading Mortgage Rates Take a Small Dip
GSEs Update Private Mortgage Insurer Eligibility Requirements
The updated standards will be implemented through a 24-month phased-in approach, with a fully effective date of Sept. 30, 2026. Continue Reading GSEs Update Private Mortgage Insurer Eligibility Requirements
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