Mortgage Industry News
UWM and Bilt Partner on Rewards Program for Mortgage Payments
“This platform helps brokers win new, high-intent, leads from Bilt’s ecosystem,” said UWM’s Mat Ishbia. Continue Reading UWM and Bilt Partner on Rewards Program for Mortgage Payments
Experian Offers Free VantageScore 4.0 to Mortgage Lenders
“Experian is dedicated to fostering a more competitive mortgage landscape,” said CEO Brian Cassin. Continue Reading Experian Offers Free VantageScore 4.0 to Mortgage Lenders
Barry Habib Added to Fannie Mae’s Board of Directors
There was no formal press statement on the appointment. Continue Reading Barry Habib Added to Fannie Mae’s Board of Directors
Mortgage Rates Remain Flat
Fannie Mae predictied mortgage rates will end 2025 and 2026 at 6.4% and 6.0%, respectively. Continue Reading Mortgage Rates Remain Flat
Mortgage Application Activity Inches Up Again
The FHA share of total applications decreased to 18.7% from 19% the week prior. Continue Reading Mortgage Application Activity Inches Up Again
Zombie Property Levels in Slight Rise
315,425 residential properties are in the process of foreclosure in the third quarter of this year. Continue Reading Zombie Property Levels in Slight Rise
MBA: Purchase Loan Applications at 28-Year Low
The adjustable-rate mortgage share of activity increased to 7.6% of total applications, its highest level in five months. Continue Reading MBA: Purchase Loan Applications at 28-Year Low
Foreclosure Inventory Hits 15-Month Low
Among the states, Mississippi had the highest non-current percentage at 7.65% and Colorado had the lowest with 1.95%. Continue Reading Foreclosure Inventory Hits 15-Month Low
MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
The states with the lowest share of loans that were current were Louisiana, Mississippi, Indiana, New York, and West Virginia. Continue Reading MBA: Loans in Forbearance Account for 0.39% of Servicers’ Portfolio Volume
MBA: Independent Mortgage Banks Record Lower Production Losses in Q2
“There were signs of improvement in the second quarter of 2023,” said MBA’s Marina Walsh. Continue Reading MBA: Independent Mortgage Banks Record Lower Production Losses in Q2
Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages
“Having blind faith in banks could be an expensive mistake for homebuyers,” said Joe White, president and CEO of REMIC. Continue Reading Survey: Nearly Half of Canadians Have Regrets Over Their Mortgages
Mortgage Rates Top 7%, Highest Level in Over 20 Years
The 30-year fixed-rate mortgage averaged 5.13% one year ago. Continue Reading Mortgage Rates Top 7%, Highest Level in Over 20 Years
Mortgage Application Activity Takes A Dive
“The ARM share of applications rose slightly to 7%, the highest since April 2023,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Takes A Dive
July New Home Purchase Mortgage Applications Up 35.5%
Mortgage applications for new home purchases in July increased by 35.5% year-over-year, according to new data from the Mortgage Bankers Association (MBA). Compared to June, applications inched up by 0.2%. MBA estimated new single-family home sales were running at a...
UBS in $1.4 Billion Settlement Over RMBS Fraud Charges
“With this resolution, UBS will pay for its conduct related to its underwriting and issuance of residential mortgage-backed securities,” said U.S. Attorney Breaon Peace. Continue Reading UBS in $1.4 Billion Settlement Over RMBS Fraud Charges
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