Mortgage Industry News
Second Prosecutor Balks at Trump Pressure to Indict Letitia James for Mortgage Fraud
Elizabeth Yusi has been with the Department of Justice for 18 years and has been a US Assistant Attorney for the last 10 years. Continue Reading Second Prosecutor Balks at Trump Pressure to Indict Letitia James for Mortgage Fraud
First Residential Independent Mortgage, a New Lender, Begins Operations
The new company will specialize in conventional and FHA loans and will offer down payment assistance loan products through its existing partnerships. Continue Reading First Residential Independent Mortgage, a New Lender, Begins Operations
Refinancing Fuels Mild Uptick in Mortgage Application Activity
“The average loan size for purchase applications declined to $436,300, the lowest level since January 2025,” said MBA’s Joel Kan. Continue Reading Refinancing Fuels Mild Uptick in Mortgage Application Activity
Rocket Mortgage to Offer Bridge Loans for Homeowners
“With this new flexibility, buyers can quickly and confidently secure their next home,” said Rocket’s Bill Banfield. Continue Reading Rocket Mortgage to Offer Bridge Loans for Homeowners
Mortgage Rates Trickle Lower
The 30-year fixed-rate mortgage averaged 6.81% as of June 18. Continue Reading Mortgage Rates Trickle Lower
Go Mortgage Names Jessica Manna as Chief Marketing Officer
She most recently served as president of digital strategy and innovation for Fairway Independent Mortgage Corp. Continue Reading Go Mortgage Names Jessica Manna as Chief Marketing Officer
Market Snapshot: The Media and the Mortgage Fees
FHFA Director Thompson never mentioned Biden’s name in explaining the fee structure. Continue Reading Market Snapshot: The Media and the Mortgage Fees
David H. Stevens: Mortgage Fee Changes Politicized ‘Across the Conservative Media’
One of the most prominent thought leaders in the mortgage banking industry is complaining that politics is framing the narrative surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac that will...
Report: Average Monthly Mortgage Payment is $2,317
Average mortgage payments are most expensive in Hawaii ($3,696), California ($3,399) and Massachusetts ($3,201). Continue Reading Report: Average Monthly Mortgage Payment is $2,317
MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
Broeksmit said the changes “were meant to address some anomalies in the previous pricing structure.” Continue Reading MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
The 30-Year Fixed-Rate Mortgage Inches Up Again
“Rates should gently decline over the course of 2023,” said Freddie Mac Chief Economist Sam Khater. Continue Reading The 30-Year Fixed-Rate Mortgage Inches Up Again
Mortgage Delinquency Rate Remains Near Record Low
No state posted an annual increase in overall delinquency rates in February. Continue Reading Mortgage Delinquency Rate Remains Near Record Low
MBA: Mortgage Application Payments Up 1.6% to $2,093 in March
The national PAPI rose to 171.5 in March from 168.9 in February, a record high. Continue Reading MBA: Mortgage Application Payments Up 1.6% to $2,093 in March
MBA: Mortgage Applications Up 3.7%
The seasonally adjusted Purchase Index increased 5%. Continue Reading MBA: Mortgage Applications Up 3.7%
CFPB Issues Guidance to Debt Collectors on Zombie Mortgages
CFPB Director Rohit Chopra said that “threatening to sue to collect on expired zombie mortgage debt is illegal.” Continue Reading CFPB Issues Guidance to Debt Collectors on Zombie Mortgages
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
