Mortgage Industry News
Florida’s First Federal Bank Acquires NOLA Lending Group
First Federal anticipates retention of most NOLA Lending Group employees. Continue Reading Florida’s First Federal Bank Acquires NOLA Lending Group
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 Application Activity Rebounds After 4 Weeks in Decline
The Refinance Index increased by 9% and was also 111% higher than the same week one year ago. Continue Reading Mortgage Application Activity Rebounds After 4 Weeks in Decline
Report: Prosecutor Warns Mortgage Fraud Case Against Sen. Schiff Lacks Viable Evidence
A news report is claiming the Trump administration’s attempt to bring a mortgage fraud indictment against one of its most vocal critics, Sen. Adam Schiff (D-CA), has stalled due to a perceived lack of viable evidence needed to bring the case to trial. MSNBC, sourcing...
Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
James was indicted on two felony charges of bank fraud and making false statements to a financial institution. Continue Reading Letitia James Seeks to Dismiss Mortgage Fraud Case, Citing Legality of Trump-Picked Prosecutor
New Click n’ Close Loan Program Aimed at Rural Markets
The new product is designed to aid homebuyers with down payment assistance, with availability in select markets. Continue Reading New Click n’ Close Loan Program Aimed at Rural Markets
Mortgage Application Activity Up 7.1%
The refinance share of mortgage activity increased to 31.6% of total applications. Continue Reading Mortgage Application Activity Up 7.1%
Mortgage Rates Dip, But Still Close to 7%
The 30-year fixed-rate mortgage averaged 6.88% as of March 7, down from last week when it averaged 6.94%. Continue Reading Mortgage Rates Dip, But Still Close to 7%
Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
“We are removing a hurdle from the loan application process,” said Cyndi Danko, senior vice president and single-family chief credit officer. Continue Reading Fannie Mae Upgrades Data Validation Capabilities in Desktop Underwriter
Mortgage Applications Up 9.7%
The Refinance Index increased 8% from the previous week and was 2% lower than the same week one year ago. Continue Reading Mortgage Applications Up 9.7%
Mortgage Rates Up for Fourth Straight Week
“The recent boomerang in rates has dampened already tentative homebuyer momentum as we approach the spring,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Up for Fourth Straight Week
Home Mortgage Lending Activity Sank During Q4 2023
The fourth quarter total was also a 16.5% decline from the same period in 2022. Continue Reading Home Mortgage Lending Activity Sank During Q4 2023
Mortgage Application Activity Down By 5.6%
U.S. home prices were up 6.5% year-over-year during the fourth quarter of 2023. Continue Reading Mortgage Application Activity Down By 5.6%
Mortgage Rates Creep Up to the 7% Level
The 30-year fixed-rate mortgage averaged 6.90% as of Feb. 22, up from last week when it averaged 6.77%. Continue Reading Mortgage Rates Creep Up to the 7% Level
FHA Launches New Loan Modification Option
Mortgage servicers may begin implementing Payment Supplement on May 1. Continue Reading FHA Launches New Loan Modification Option
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