Mortgage Industry News
Mortgage Rates Inch Up Slightly
The 30-year fixed-rate mortgage averaged 6.09% as of Jan. 22. Continue Reading Mortgage Rates Inch Up Slightly
Refinancing Inquiries Spark Upswing in Mortgage Application Activity
The FHA share of total applications decreased to 15.9% from 19.2% the week prior. Continue Reading Refinancing Inquiries Spark Upswing in Mortgage Application Activity
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
reAlpha Mortgage Expands into Nevada Marketplace
With the new Nevada operations, reAlpha Mortgage is now licensed in 31 states. Continue Reading reAlpha Mortgage Expands into Nevada Marketplace
Guest Opinion: The Realtors’ View of the Current Mortgage Market
The 2023 NAR president offers his association’s view on how Congress can upgrade today’s mortgage policy environment. Continue Reading Guest Opinion: The Realtors’ View of the Current Mortgage Market
Fewer Mortgage Applications Amid Rising Rates
The Refinance Index took an 8% tumble from the previous week and was 43% lower than the same week one year ago. Continue Reading Fewer Mortgage Applications Amid Rising Rates
Equifax Debuts Employment Verification Tool for Mortgage Originators
“It’s critical for lenders to have access to timely verification data at each stage of the mortgage process,” said Equifax’s Ashley Wood, Continue Reading Equifax Debuts Employment Verification Tool for Mortgage Originators
MBA: Number of Loans in Forbearance Continue to Decline
The trade group’s latest Loan Monitoring Survey estimated 255,000 homeowners are currently in forbearance plans. Continue Reading MBA: Number of Loans in Forbearance Continue to Decline
Q1 Household Debt Tops the $17 Trillion Level
Mortgage originations (including refinances), dropped in the first quarter to $324 billion, the lowest level seen since 2014. Continue Reading Q1 Household Debt Tops the $17 Trillion Level
Mortgage Rates Inch Lower
“This week’s decrease continues a recent sideways trend in mortgage rates,” said Freddie Mac’s Sam Khater. Continue Reading Mortgage Rates Inch Lower
Mortgage Delinquency Rate Drops to Historic Lows
“The mortgage delinquency rate fell to its lowest level for any first quarter since MBA’s survey began in 1979,” said MBA’s Marina Walsh. Continue Reading Mortgage Delinquency Rate Drops to Historic Lows
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
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