Mortgage Industry News
Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing
“An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market,” the senator said. Continue Reading Sen. Hawley Begins Investigation into FICO’s Mortgage Credit Score Pricing
Mortgage Application Activity Drops by 10.5%
The FHA share of total applications increased to 19.7% from 19.4% the week prior. Continue Reading Mortgage Application Activity Drops by 10.5%
FHA Releases MMI Fund Report for FY 2025
The report stated the MMI Fund’s economic net worth rose by roughly $16 billion in FY 2025, reaching a new total of $188.87 billion. Continue Reading FHA Releases MMI Fund Report for FY 2025
Mortgage Rates Drop to Lowest Level of 2025
The 30-year fixed-rate mortgage averaged 6.15% as of Dec. 31. Continue Reading Mortgage Rates Drop to Lowest Level of 2025
reAlpha Mortgage Launches Loan Officer Recruitment Program
“This program was built around what experienced originators consistently ask for: clarity, support, and fewer operational obstacles,” said CEO Jamie Cavanaugh. Continue Reading reAlpha Mortgage Launches Loan Officer Recruitment Program
MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
The average loan size for new homes decreased from $405,490 in April to $400,150 in May. Continue Reading MBA: Mortgage Applications for New Home Purchases Up 13.8% in May
Mortgage Rates Continue to Slip
The 30-year fixed-rate mortgage averaged 6.95% as of June 13. Continue Reading Mortgage Rates Continue to Slip
Mortgage Application Activity Catches an Upswing
The Refinance Index spiked by 28% from the previous week and was 28% higher than the same week one year ago. Continue Reading Mortgage Application Activity Catches an Upswing
A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Editor Phil Hall opines on Larry Summers’ warning on how Trump will impact the mortgage rates. Continue Reading A Phil Hall Op-Ed: A 10% Mortgage Rate Under Trump?
Mortgage Credit Availability Inches Up
“The overall supply of mortgage credit is still close to 2012 lows,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Inches Up
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
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