Mortgage Industry News
Mortgage Application Activity Drops by Nearly 13%
The Refinance Index plummeted by 21% from the previous week. Continue Reading Mortgage Application Activity Drops by Nearly 13%
MISMO Releases AI Glossary for Mortgage Finance Industry
The glossary will be updated as new AI advancements emerge. Continue Reading MISMO Releases AI Glossary for Mortgage Finance Industry
Mortgage Application Activity Slows Down
The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 5.1% on a seasonally adjusted basis from one week earlier. Continue Reading Mortgage Application Activity Slows Down
Single-Family Housing Starts Down 2.1%
Single-family housing completions in April were at a rate of 943,000, down 8% from the revised March rate of 1.02 million. Continue Reading Single-Family Housing Starts Down 2.1%
Mortgage Rates Inch Up
The 30-year fixed-rate mortgage averaged 6.81% as of May 15. Continue Reading Mortgage Rates Inch Up
U.S. FORECLOSURE ACTIVITY CONTINUES TO INCREASE ANNUALLY FOR 21 CONSECUTIVE MONTHS
Feb. 9, 2023 (Staff Writer)- ATTOM, a leading curator of land, property, and real estate data, today released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices,...
How to shop for and compare mortgage offers
Source: Bankrate --- Before you choose a mortgage offer, it’s important to shop around and compare multiple offers to get the best deal. In fact, borrowers can save an average of $1,500 over the life of a mortgage by simply obtaining one additional quote. And those...
Mortgage refinance options for borrowers with bad credit
Source: Bankrate --- After a year dominated by continual mortgage rate increases, the pendulum has begun to swing in the opposite direction: Rates are slowly declining. As of early February, rates on a 30-year-mortgage had dropped to 6.3 percent. Though that’s nowhere...
HOMELENDIA MORTGAGE LLC LAUNCHES MORTGAGE BROKERAGE FRANCHISES
Feb. 8, 2023 (Staff Writer)- Homelendia Mortgage LLC, a new and innovative mortgage brokerage franchisor, is proud to announce its official launch and the availability of individual unit and regional opportunities for qualified individuals, teams, brokerages, and loan...
First five-year fixed mortgage under 4% since mini-budget launched by HSBC
Source: The Guardian --- Five-year fixed-rate mortgages priced at below 4% are back on sale for the first time since just after the disastrous autumn mini-budget. HSBC has repriced its range and introduced a new five-year fix at 3.99% for customers remortgaging who...
UWM Chairman and CEO Mat Ishbia to Buy NBA Team Phoenix Suns in $4bn Deal
Feb. 7, 2023 (Staff Writer)- Mat Ishbia, Chairman and CEO of mortgage lender United Wholesale Mortgage (UWM), received approval from the NBA Board of Governors to purchase a 57% share in the Phoenix Suns. Ishbia will be sharing ownership with his brother, Justin. Mat...
Economist who called 2008 housing crash predicts another 15% drop in home prices
Source: Fox Business --- A U.S. economist famous for predicting the 2008 housing crash believes that home prices could plunge another 15% this year. In a recent analyst note, Ian Shepherdson – the founder and chief economist of Pantheon Macroeconomics – suggested that...
ATTOM INTEGRATES PROBABILITY FOR DEFAULT ANALYTICS INTO ITS VAST PROPERTY DATA WAREHOUSE
Feb. 7, 2023 (Staff Writer)- ATTOM, a leading curator of real estate data nationwide for land and property data, today announced it has integrated propensity to default analytics into its U.S. property data warehouse. With this news, the ATTOM Table of Data Elements...
Yardi Launches New Solution to Qualify Affordable Housing Applicants
Feb. 7, 2023 (Staff Writer)- An automated service now available from Yardi will change the way many affordable housing providers verify the income and assets of applicants and residents. Yardi Verification Services is the latest innovation to the Yardi...
Leora Ruzin Tapped as Editor of Weekly RE News
SALT LAKE CITY -- February 6, 2023 -- Weekly Real Estate News, a publication dedicated to providing the best real estate and mortgage industry news and information available anywhere to the more than 1.25 million industry professionals who rely on it, has announced...
