Mortgage Industry News
Mortgage Application Activity Declines for Fourth Straight Week
The Refinance Index increased by 4% and was 81% higher than the same week one year ago. Continue Reading Mortgage Application Activity Declines for Fourth Straight Week
Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
“We expect that home sales will increase in 2026,” said Mike Fratantoni, MBA’s chief economist. Continue Reading Forecast: Single-Family Mortgage Origination to Reach $2.2 Trillion in 2026
Mortgage Application Activity Slows Down
“Mortgage applications fell to their lowest level since May,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Slows Down
Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
The senators also expressed displeasure over Pulte’s conflict of interest in this directive. Continue Reading Sen. Warren Leads Lawmakers in Questioning Pulte’s Cryptocurrency Directive to GSEs
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
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
Freddie Mac Reports Decline in Mortgage Rates
“As inflation slows, mortgage rates decreased this week,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Freddie Mac Reports Decline in Mortgage Rates
Refinancing Fuels Uptick in Mortgage Application Activity
According to MBA’s estimate, 220,000 homeowners are in forbearance plans. Continue Reading Refinancing Fuels Uptick in Mortgage Application Activity
New York Fed Study Finds Rising Level of Loan Application Rejections
The rejection rate for mortgages in June was 13.2%, up from 10% in February. Continue Reading New York Fed Study Finds Rising Level of Loan Application Rejections
New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
“The Biden administration is making homeownership more difficult for everyday Americans,” said Sen. Braun. Continue Reading New Senate Bill Seeks to Overturn FHFA’s LLPA Rule
Mortgage Rates Rise to Just Under 7%
“Mortgage rates increased to their highest level since November 2022,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Rise to Just Under 7%
U.S. Bank Debuts Product to Expand Minority Homeownership Access
U.S. Bank has committed $100 million over the next five years to the Access Home Loan program. Continue Reading U.S. Bank Debuts Product to Expand Minority Homeownership Access
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