Mortgage Industry News
30-Year Fixed Rate Mortgage Drops to 3-Year Low
The 30-year fixed-rate mortgage averaged 6.06% as of Jan. 15. Continue Reading 30-Year Fixed Rate Mortgage Drops to 3-Year Low
December New Home Purchase Mortgage Applications Up by 2.5%
The average loan size for new homes increased from $378,063 in November to $380,607 in December. Continue Reading December New Home Purchase Mortgage Applications Up by 2.5%
Mortgage Application Activity Slows Again
The FHA share of total applications increased to 20.5% from 18.5% the week prior while the VA share of total applications dropped to 14.9% from 16.3%. Continue Reading Mortgage Application Activity Slows Again
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
Mortgage Application Activity Down Again
“Credit availability in August increased slightly but remained close to the very low levels last seen in January 2013,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Down Again
Mortgage Rates Drop, But Remain Above 7% Mark
“For the fourth consecutive week, the 30-year fixed-rate mortgage hovered above 7%,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Remain Above 7% Mark
The New Normal: Monthly Mortgage Payments of $2,000+ a Month
“Just when did the $2,000 monthly mortgage payment become the norm?” said Black Knight Vice President of Enterprise Research Andy Walden. Continue Reading The New Normal: Monthly Mortgage Payments of $2,000+ a Month
Redwood Trust Announces Launch of Home Equity Investment Platform
“Redwood has a history of bringing innovative solutions to the non-Agency housing market and we are thrilled to begin directly offering HEI,” said Christopher Abate, CEO of Redwood. Continue Reading Redwood Trust Announces Launch of Home Equity Investment Platform
Ouch! Mortgage Application Activity Sinks to 27-Year Low
“Both purchase and refinance applications fell, with the purchase index hitting a 28-year low,” said MBA’s Joel Kan. Continue Reading Ouch! Mortgage Application Activity Sinks to 27-Year Low
Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies
“The national mortgage delinquency rate remained at a historic low in June,” said Molly Boesel, principal economist for CoreLogic. Continue Reading Today’s Housing Market: More Mortgages, Higher Prices, Fewer Delinquencies
Mortgage Rates Drop, But Still Above 7%
“Recent volatility makes it difficult to forecast where rates will go next,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates Drop, But Still Above 7%
Core Specialty Insurance Holdings Enters the Mortgage Reinsurance Market
The company will provide excess of loss reinsurance on selected Freddie Mac and Fannie Mae mortgages. Continue Reading Core Specialty Insurance Holdings Enters the Mortgage Reinsurance Market
Mortgage Application Activity Up for First Time in Five Weeks
The refinance share of mortgage activity increased to 30.1% of total applications from 29.5% the previous week. Continue Reading Mortgage Application Activity Up for First Time in Five Weeks
Integro Bank, a Phoenix-Based Community Bank, Creates a Mortgage Division
Integro Bank is a single-branch community bank with $42.6 million in assets. Continue Reading Integro Bank, a Phoenix-Based Community Bank, Creates a Mortgage Division
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