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
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
Report: Large Banks Originating More ARMs
“Future reset risk is mitigated by large banks’ continued focus on lending to borrowers with high credit scores and low leverage,” the report said. Continue Reading Report: Large Banks Originating More ARMs
Mortgage Credit Availability Tightens Again
“Mortgage credit availability decreased for the third consecutive month,” lamented MBA’s Joel Kan. Continue Reading Mortgage Credit Availability Tightens Again
Guild Mortgage Debuts 1% Down Payment Advantage Program
Homebuyers can purchase a home with a minimal down payment of only 1% of the purchase price. Continue Reading Guild Mortgage Debuts 1% Down Payment Advantage Program
Mortgage Rates Down Slightly This Week
“Mortgage rates decreased after a three-week climb,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Down Slightly This Week
One-Third of Homebuyers Now Paying in All-Cash Deals
Only 6.1% of mortgaged home sales used a jumbo loan in April, down from 10.6% a year earlier. Continue Reading One-Third of Homebuyers Now Paying in All-Cash Deals
Mortgage Application Activity Down for Fourth Consecutive Week
The refinance share of mortgage activity increased to 27.3% of total applications from 26.7% in the previous week. Continue Reading Mortgage Application Activity Down for Fourth Consecutive Week
Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
Behnke most recently served as regional manager for the company’s east region. Continue Reading Fred Behnke Named Head of Regions Bank’s Homebuilder Finance Team
Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.09%. Continue Reading Look Up, Folks, Because That’s Where Mortgage Rates Are Heading!
Q1 Mortgage Origination Activity at 23-Year Low
On the refinance side, only 407,956 mortgages were rolled over into new ones – the smallest amount this century. Continue Reading Q1 Mortgage Origination Activity at 23-Year Low
Mortgage Application Activity Continues to Decline
There was less interest from borrowers for purchase loans and refinancing. Continue Reading Mortgage Application Activity Continues to Decline
GOP Governors Call on Biden to Rescind LLPA Changes
“Only the Biden administration would think it can solve a supply issue by subsidizing demand and bad credit,” said Missouri Gov. Mike Parson. Continue Reading GOP Governors Call on Biden to Rescind LLPA Changes
Recent Posts
Hits and Misses for the Real Estate Week of April 27-May 1- Global Manufactured Homes Market Forecast to Reach Nearly $43 Billion by 20…
- San Francisco’s Bay Club Acquires Full City Block for $65 Million
- Pennsylvania Housing Finance Agency Launches Home Purchase Assistance Loan
- Portland Duo Sentenced for Running Real Estate Investment Fraud Scheme
