Mortgage Industry News
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...
Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Expert opinions are divided on the issue. Continue Reading Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Q2 Mortgage Delinquency Rate Down Slightly
The delinquency rate was down 11 basis points from the first quarter and down 4 basis points from the second quarter of 2024. Continue Reading Q2 Mortgage Delinquency Rate Down Slightly
ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
On April 23, 2021, ACI Payments erroneously used live customer data in a test of its Speedpay platform. Continue Reading ACI Worldwide in $20 Million Settlement Over Mortgage Payment Mishap
Mortgage Application Activity Sinks to 28-Year Low
“The ARM share was 9.3%, the highest share in 11 months,” said the MBA’s Joel Kan. Continue Reading Mortgage Application Activity Sinks to 28-Year Low
First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
“We are committed to providing innovative ways to best serve our clients,” said Chris Becker, the bank’s president and CEO. Continue Reading First National Bank of Long Island to Offer Home Loans Through Rocket Mortgage
MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
The trade group also predicted purchase originations will increase 11% to $1.47 trillion next year. Continue Reading MBA Predicts Increased Mortgage Origination, Mild Recession in 2024
Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
“I’m telling you something you already know: the rate of inflation in housing prices is similarly down from its peak levels,” he said. Continue Reading Philadelphia Fed Chief: ‘We Can Hold Rates Where They Are’
Navy Federal Credit Union Wins MBA’s Residential Educator Award
Navy Federal Credit Union is the world’s largest credit union with $165.2 billion in assets and 13 million members. Continue Reading Navy Federal Credit Union Wins MBA’s Residential Educator Award
MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
“This madness must stop before it’s too late,” he said. Continue Reading MBA Chief Broeksmit to Housing Industry: ‘Washington, D.C. is Fighting Against You’
Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Sam Khater, Freddie Mac’s chief economist, noted, “The good news is that the economy and incomes continue to grow at a solid pace.” Continue Reading Mortgage Rates Surge Onward and Upward for Fifth Straight Week
Slight Uptick in Mortgage Application Activity
“The level of ARM applications increased by 15% over the week,” said MBA’s Joel Kan. Continue Reading Slight Uptick in Mortgage Application Activity
CFPB Sues Freedom Mortgage Over ‘Providing False Data’
Director Rohit Chopra said his agency “will continue to focus on ending the cycle of misconduct by repeat offenders in the financial industry.” Continue Reading CFPB Sues Freedom Mortgage Over ‘Providing False Data’
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