Mortgage Industry News
Bayview Asset Management Completes $1.3 Billion Acquisition of Guild Holdings
Guild will operate as a privately held independent entity of the MSR Fund, which also owns Lakeview Loan Servicing. Continue Reading Bayview Asset Management Completes $1.3 Billion Acquisition of Guild Holdings
Mortgage Rates Decline Ahead of Thanksgiving
The 30-year fixed-rate averaged 6.23% as of Nov. 26, down from last week when it averaged 6.26%. Continue Reading Mortgage Rates Decline Ahead of Thanksgiving
Ex-CEO of Collapsed Crypto Trading Platform Starts Second Career as Mortgage Broker
Christopher Flinos is working at Balcombe Financial, a mortgage brokerage owned by his brother. Continue Reading Ex-CEO of Collapsed Crypto Trading Platform Starts Second Career as Mortgage Broker
A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Is the FHFA director intentionally refusing to investigate mortgage fraud claims against the Republican attorney general in Texas? Continue Reading A Phil Hall Op-Ed: Bill Pulte, Ken Paxton, and Hypocrisy in Mortgage Fraud Probes
Mortgage Rates Remain Flat
The 30-year fixed-rate mortgage averaged 6.58% as of Aug. 21. Continue Reading Mortgage Rates Remain Flat
Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
“The jumbo-conforming spread continues to narrow,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity Drops Amid Jumbo Mortgage Jitters
27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
“The policy will take money away from the people who played by the rules and did things right,” said the fiscal officers in their letter of protest. Continue Reading 27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
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
