Mortgage application activity is in decline while forbearance levels are on the rise, according to data reports from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 6.7% on a...
Selling homes with dinosaurs, climate change’s impact on football stadiums and the real estate developer friend from hell. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Oct. 14-18. Hit: Jurassic Property. Kudos to...
Sen. Elizabeth Warren (D-MA) is leading a coalition of more than 30 progressive members of Congress calling on President Joe Biden to take executive order actions to lower the cost of housing. In a letter to Biden, Warren and her fellow progressives called on the...
Single-family housing starts in September were at a rate of 1.02 million, according to new data from the US Census Bureau and the Department of Housing and Urban Development. This is 2.7% above the revised August figure of 1 million. Privately-owned housing starts in...
Mortgage rates continued to rise in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.44% as of Oct. 17, up from last week when it averaged 6.32%. A year ago at this time, it averaged 7.63%....
UWM Gives Underwriters Bigger Role in New Underwriting+ Program
