Mortgage Industry News
Mortgage Rates Take a Mild Drop
The 30-year fixed-rate mortgage averaged 6.09% as of Feb. 12, down from last week when it averaged 6.11%. Continue Reading Mortgage Rates Take a Mild Drop
Refinancing Fueled Q4 2025 Home Lending Activity
Purchase loans made up 39.9% of all loans issued in the final quarter of the year, down from 43.9% in the third quarter. Continue Reading Refinancing Fueled Q4 2025 Home Lending Activity
Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
One of the unnamed sources in Politico’s coverage complained that Pulte “sold POTUS a bill of goods that wasn’t necessarily accurate.” Continue Reading Report: White House Aides Furious at FHFA’s Pulte Over Backlash on 50-Year Mortgage Plan
Zillow Sued Over Alleged Mortgage Steering
The lawsuit seeks to expand into a class action case that would cover all US homebuyers directed by a Zillow-affiliated agent into using the company’s mortgage services. Continue Reading Zillow Sued Over Alleged Mortgage Steering
Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
The new product is designed to protect seniors by eliminating uncertainty from interest rate changes and renewal premiums. Continue Reading Bloom Finance Company Debuts Reverse Mortgage with Lifetime Fixed Interest Rate
Monthly Mortgage Payment Average Continues to Decline
Redfin attributed this decline to the continued downturn in mortgage rates from its high of 7.79% in October. Continue Reading Monthly Mortgage Payment Average Continues to Decline
Mortgage Rates Down for Fifth Straight Week
The 30-year fixed-rate mortgage averaged 7.22% as of Nov. 30, down from last week when it averaged 7.29%. Continue Reading Mortgage Rates Down for Fifth Straight Week
FHA Proposes Changes to 203(k) Program
Feedback is being welcomed via the FHA’s website through Jan. 5, 2024. Continue Reading FHA Proposes Changes to 203(k) Program
Q3 Mortgage Originations Down 3% From Previous Quarter
On a year-over-year basis, originations were down by 26% from the third quarter of 2022. Continue Reading Q3 Mortgage Originations Down 3% From Previous Quarter
New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
The Fairway Independent Mortgage Corp. production is now on YouTube. Continue Reading New Documentary Series ‘L.O. Confidential’ Focuses on Mortgage Originators
JZZ Technologies Closes Acquisition of Oxygen Mortgage
“I couldn’t be any more excited about joining with JZZ Technologies,” said Oxygen Mortgage President and CEO Rob Egeland. Continue Reading JZZ Technologies Closes Acquisition of Oxygen Mortgage
Mortgage Application Activity Rises Slightly
The seasonally adjusted Purchase Index was up 5% from one week earlier, but the unadjusted index dropped by 31%, Continue Reading Mortgage Application Activity Rises Slightly
FHFA Increases Conforming Loan Limits Values for 2024
Special statutory provisions establish different loan limits for Alaska, Hawaii, Guam, and the U.S. Virgin Islands. Continue Reading FHFA Increases Conforming Loan Limits Values for 2024
CFPB Fines Bank of America $12 Million Over HMDA Violations
“Bank of America violated a federal law that thousands of mortgage lenders have routinely followed for decades,” said CFPB Director Rohit Chopra Continue Reading CFPB Fines Bank of America $12 Million Over HMDA Violations
LendSure Mortgage Debuts Profit & Loss Loan Program
The program is designed for business owners and self-employed investors with fluctuating seasonal income or cash businesses. Continue Reading LendSure Mortgage Debuts Profit & Loss Loan Program
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