Mortgage Industry News
Decline in Mortgage Applications Blamed on Snowstorms
“The annual increase in purchase applications was the weakest since April 2025,” said MBA’s Joel Kan. Continue Reading Decline in Mortgage Applications Blamed on Snowstorms
Mortgage Rates Inch Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.10% as of Jan. 29, up from last week when it averaged 6.09%. Continue Reading Mortgage Rates Inch Up for Second Straight Week
Christine Chandler Sworn in as Mortgage Bankers Association’s 2026 Chairperson
Chandler is the executive vice president and chief operating officer at M&T Realty Capital Corporation. Continue Reading Christine Chandler Sworn in as Mortgage Bankers Association’s 2026 Chairperson
Mortgage Rates Take Another Tumble
The 30-year fixed-rate mortgage averaged 6.27% as of Oct. 16. Continue Reading Mortgage Rates Take Another Tumble
New Home Purchase Mortgage Applications Up 2% in September
The average loan size for new homes increased from $374,288 in August to $379,107 in September. Continue Reading New Home Purchase Mortgage Applications Up 2% in September
Mortgage Application Activity Goes Into Decline
The refinance share of mortgage activity inched up to 27.4% of total applications. Continue Reading Mortgage Application Activity Goes Into Decline
KeyBank Launches New Program to Help Homebuyers with Closing Costs
Cleveland-headquartered KeyBank (NYSE: KEY) has launched KeyBank Neighbors First Credit, the third in its series of Special Purpose Credit Programs designed to help borrowers achieved homeownership. According to the company, KeyBank Neighbors First Credit is designed...
Guaranteed Rate to Take Full Ownership of Premia Relocation Mortgage
“This acquisition begins an exciting new chapter in our story,” said Nina Arnaiz, president of Premia. Continue Reading Guaranteed Rate to Take Full Ownership of Premia Relocation Mortgage
Movement Mortgage in $23.75 Million False Claims Settlement
“Lenders participating in mortgage programs backed by taxpayers must follow rules designed to protect both program integrity and homeowners,” said U.S. Attorney Carla B. Freedman. Continue Reading Movement Mortgage in $23.75 Million False Claims Settlement
Mortgage Rates Are Up Again
“Homebuyers have adjusted and driven new home sales to its highest level in more than a year,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Are Up Again
Mortgage Application Activity Continues to Rise
“The spread between the jumbo and conforming rates widened to 16 basis point,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Continues to Rise
FHA Requires Lenders to Start Using SCIF
The SCIF will be required for loan applications dated on or after Aug. 28. Continue Reading FHA Requires Lenders to Start Using SCIF
CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors
According to the CFPB, ACI’s data handling practices negatively impacted nearly 500,000 homeowners with mortgages serviced by Mr. Cooper. Continue Reading CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors
Geneva Financial Debuts Portfolio Lending Division
“This new division is an exciting addition to our already robust offering,” said Geneva Financial CEO Aaron VanTrojen. Continue Reading Geneva Financial Debuts Portfolio Lending Division
Mortgage Delinquency Rate Drops to Near-Record Low
Serious delinquencies (loans 90 or more days past due) were down by 18,000 from April, a 3.7% drop. Continue Reading Mortgage Delinquency Rate Drops to Near-Record Low
