Mortgage Industry News
Mortgage Rates Go Into Decline
The 30-year fixed-rate mortgage averaged 6.30% as of Oct. 9. Continue Reading Mortgage Rates Go Into Decline
Mortgage Credit Availability Edged Up in September
“Mortgage credit availability increased to its highest level in four months,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Edged Up in September
Trump Accuses Sen. Adam Schiff of Mortgage Fraud, Says He ‘Needs to be Brought to Justice’
The Fannie Mae website has no mention of an investigation into Schiff. Continue Reading Trump Accuses Sen. Adam Schiff of Mortgage Fraud, Says He ‘Needs to be Brought to Justice’
Wall Street Journal Slams Trump-Pulte Housing Policies
“Now is not the time for the Administration to ease lending standards,” said the editors. Continue Reading Wall Street Journal Slams Trump-Pulte Housing Policies
Court Overturns Mortgage Fraud Conviction of Ex-Baltimore State’s Attorney
Marilyn Mosby was Baltimore’s state’s attorney from 2015 to 2023. Continue Reading Court Overturns Mortgage Fraud Conviction of Ex-Baltimore State’s Attorney
Florida Scammer Pleads Guilty to Running Phony Mortgage Audit Service
The consumers’ payments went into bank accounts controlled by Lozito, who used the money to fund his operation and to cover personal expenses. Continue Reading Florida Scammer Pleads Guilty to Running Phony Mortgage Audit Service
MBA: $480.1 Billion in Multifamily Mortgages During 2022
Last year’s total was generated by 2,242 lenders. Continue Reading MBA: $480.1 Billion in Multifamily Mortgages During 2022
CBC Mortgage Agency Adds USDA Loans to Correspondent Offerings
USDA loans offer 100% financing for low- and moderate-income borrowers in eligible rural areas. Continue Reading CBC Mortgage Agency Adds USDA Loans to Correspondent Offerings
Mortgage Rates Are Up Again
“Higher interest rates continue to dampen activity in interest rate-sensitive sectors,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Up Again
Mortgage Delinquency Rate Crashes to All-Time Low
CoreLogic noted that 14 states posted an annual increase in overall delinquency rates in May. Continue Reading Mortgage Delinquency Rate Crashes to All-Time Low
JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress
Among the major servicers, Rocket Mortgage ranked the highest with a score of 686 out of 1,000. Continue Reading JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress
Declines Reported in New Home Sales, Mortgage Application Activity
The purchase index was at “its lowest level in over a month,” said MBA’s Joel Kan. Continue Reading Declines Reported in New Home Sales, Mortgage Application Activity
Guaranteed Rate Debuts Down Payment Assistance Product
OneDown also offers borrowers a $1,000 contribution toward lender fees. Continue Reading Guaranteed Rate Debuts Down Payment Assistance Product
Serious Delinquency Rate Crashes to 17-Year Low
However, early-stage delinquencies (30-days late) increased by 19,000 (+2.2%) from May to 1.65 million. Continue Reading Serious Delinquency Rate Crashes to 17-Year Low
Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
“New home purchase activity continues to be a bright spot,” said MBA’s Joel Kan. Continue Reading Year-Over-Year Applications for New Home Purchases Up for Fifth Straight Month
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