Mortgage Industry News
Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
“There is a perception that housing outside of the GTA is still somewhat affordable, but that’s not true,” said Austin Thompson, senior policy analyst with the Fraser Institute. Continue Reading Report: Ontario Households Spend More Than 50% of After-Tax Earnings for Mortgage Payments
Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Pulte did not issue any public response to the story. Continue Reading Report: DOJ and FBI Probing Pulte for Possible Misconduct in Mortgage Fraud Referrals
Mortgage Applications for New Home Purchases Surged in July
The average loan size for new homes decreased from $376,077 in June to $372,745 in July. Continue Reading Mortgage Applications for New Home Purchases Surged in July
Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Expert opinions are divided on the issue. Continue Reading Will a Fannie Mae-Freddie Mac IPO Raise or Lower Mortgage Rates?
Mortgage Rates at 10-Month Low
“Purchase application activity is improving as borrowers take advantage of the decline in mortgage rates,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Mortgage Rates at 10-Month Low
Study: 1 in 3 Homebuyers Unaware of Affordable Home Lending Offerings
KeyBank is observing April’s Fair Housing Month by expanding its Special Purpose Credit Programs for qualifying properties in eligible communities. Continue Reading Study: 1 in 3 Homebuyers Unaware of Affordable Home Lending Offerings
Homepoint Sells Wholesale Business to The Loan Store
Homepoint will hold an equity interest in The Loan Store. Continue Reading Homepoint Sells Wholesale Business to The Loan Store
NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
The Times did not include any input from mortgage professionals in its coverage. Continue Reading NY Times Publishes Report Claiming Age Discrimination in Mortgage Applications
Freddie Mac Reports Mortgage Rate Drop
“Mortgage rates continue to trend down entering the traditional spring homebuying season,” said Sam Khater, Freddie Mac’s chief economist. Continue Reading Freddie Mac Reports Mortgage Rate Drop
Production Profits Plummet for Independent Mortgage Banks
“For the first time since the inception of MBA’s report in 2008, net production income was in the red in 2022, with losses averaging 13 basis points,” said MBA’s Marina Walsh. Continue Reading Production Profits Plummet for Independent Mortgage Banks
Mortgage Applications Down 4.1%
“Spring has arrived, but the housing market is missing the customary burst in listings and purchase activity that typically mark the season,” said MBA Chief Economist Mike Fratantoni. Continue Reading Mortgage Applications Down 4.1%
Rocket Cos. Encourages Home Buyer Savings with BUY+ Program
Rocket Homes also announced the SELL+ initiative, Continue Reading Rocket Cos. Encourages Home Buyer Savings with BUY+ Program
Moon Mortgage Unveils Crypto Real Estate and Lending Products
The crypto mortgage product is currently available in Florida, Texas and Colorado. Continue Reading Moon Mortgage Unveils Crypto Real Estate and Lending Products
GSEs Update Deferral Policies for Mortgage Payments
The GSEs’ payment deferral policies were expanded during the pandemic. Continue Reading GSEs Update Deferral Policies for Mortgage Payments
Mortgage Delinquencies Continue to Fall, Nearing Two Years of the Downward Trend
CoreLogic, a global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report for January 2023. For the month of January, 2.8% of all mortgages in the U.S. were in some stage of delinquency...
