Mortgage Industry News
reAlpha Tech Corp. Acquires InstaMortgage
Under the terms of the definitive agreement, reAlpha would acquire 100% of the outstanding equity of InstaMortgage for total consideration of approximately $8.5 million. Continue Reading reAlpha Tech Corp. Acquires InstaMortgage
Mortgage Application Payments Down in November
“Affordability conditions have now improved for six straight months,” said MBA’s Edward Seiler. Continue Reading Mortgage Application Payments Down in November
Michigan Credit Union Offers Mortgages at 4.99% Rate
Michigan Legacy has more than $218 million in assets and is designated as a “low-income credit union.” Continue Reading Michigan Credit Union Offers Mortgages at 4.99% Rate
Study: Canadians Re-Evaluating Their Relationships with Lenders
56% of mortgage holders say they will explore refinancing with a different lender when it comes time to renew. Continue Reading Study: Canadians Re-Evaluating Their Relationships with Lenders
Mortgage Rates Drop to 11-Month Low
The 30-year fixed-rate mortgage averaged 6.35% as of Sept. 11. Continue Reading Mortgage Rates Drop to 11-Month Low
US Foreclosure Activity Stabilized in April
Atlantic City, New Jersey, was the major metro with the highest foreclosure rate. Continue Reading US Foreclosure Activity Stabilized in April
Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs
Mortgage payments on a typical home could be 22% higher by September. Continue Reading Zillow: Mortgage Rates Could Hit 8.4% if US Debt Default Occurs
Mr. Cooper Group Acquires Home Point Capital for $324 Million
The transaction comes one month after Homepoint agreed to sell certain assets of its wholesale originations channel to The Loan Store Inc. Continue Reading Mr. Cooper Group Acquires Home Point Capital for $324 Million
Mortgage Application Activity in 6.3% Upswing
“Mortgage applications responded positively to a drop in rates last week,” said MBA’s Joel Kan. Continue Reading Mortgage Application Activity in 6.3% Upswing
Mortgage Credit Availability at 10-Year Low
“Government credit supply decreased for the third consecutive month,” said MBA’s Joel Kan. Continue Reading Mortgage Credit Availability at 10-Year Low
Mortgage Servicing Software Firm Sagent Opens Office in India
The new 18,367 square-foot facility will employ more than 120 individuals. Continue Reading Mortgage Servicing Software Firm Sagent Opens Office in India
Republic First Exits the Mortgage Origination Business
The company said it would also “streamline its commercial lending business in New York City.” Continue Reading Republic First Exits the Mortgage Origination Business
New York State Considers Raising Reverse Mortgage Borrower Age
The bill would also define the role of a non-borrowing spouse in the reverse mortgage. Continue Reading New York State Considers Raising Reverse Mortgage Borrower Age
Mortgage Rates Take a Drop
A year ago at this time, the 30-year fixed-rate mortgage averaged 5.27%. Continue Reading Mortgage Rates Take a Drop
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
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