Top Headlines
Federal Reserve Announces 50 Basis Point Rate Cut
The new rate range is now at 4.75% to 5.0%. Continue Reading Federal Reserve Announces 50 Basis Point Rate Cut
Georgia Real Estate Attorney Pleads Guilty to Fraud Charges
Sanjay Patel is scheduled to be sentenced on Dec. 12. Continue Reading Georgia Real Estate Attorney Pleads Guilty to Fraud Charges
United Real Estate Merges with Dallas-Based Brokerage
United Real Estate announced the merger of its Dallas-based division with REAL Dallas Properties & Management, a union that will add 70 agents to United's Dallas operations and expanding its North Texas presence to more than 800 agents. According to the companies,...
MBA: Home Equity Lending Volume Remains Relatively Flat
Total originations of open-ended HELOCs and closed-end home equity loans increased to $2.13 billion per company in 2023. Continue Reading MBA: Home Equity Lending Volume Remains Relatively Flat
Leadership Shifts at SmartRent
John Dorman, the board’s lead independent director, has been appointed chairman of the board. Continue Reading Leadership Shifts at SmartRent
27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
“The policy will take money away from the people who played by the rules and did things right,” said the fiscal officers in their letter of protest. Continue Reading 27 States Ask Biden and FHFA to Scrap Mortgage Fee Increases
Go Mortgage Names Jessica Manna as Chief Marketing Officer
She most recently served as president of digital strategy and innovation for Fairway Independent Mortgage Corp. Continue Reading Go Mortgage Names Jessica Manna as Chief Marketing Officer
Market Snapshot: The Media and the Mortgage Fees
FHFA Director Thompson never mentioned Biden’s name in explaining the fee structure. Continue Reading Market Snapshot: The Media and the Mortgage Fees
David H. Stevens: Mortgage Fee Changes Politicized ‘Across the Conservative Media’
One of the most prominent thought leaders in the mortgage banking industry is complaining that politics is framing the narrative surrounding the changes in the Loan Level Price Adjustments (LLPAs) upfront fees for loans backed by Fannie Mae and Freddie Mac that will...
Report: Average Monthly Mortgage Payment is $2,317
Average mortgage payments are most expensive in Hawaii ($3,696), California ($3,399) and Massachusetts ($3,201). Continue Reading Report: Average Monthly Mortgage Payment is $2,317
MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
Broeksmit said the changes “were meant to address some anomalies in the previous pricing structure.” Continue Reading MBA Chief Broeksmit: ‘Awful Lot of Misinformation’ on Mortgage Fee Changes
The 30-Year Fixed-Rate Mortgage Inches Up Again
“Rates should gently decline over the course of 2023,” said Freddie Mac Chief Economist Sam Khater. Continue Reading The 30-Year Fixed-Rate Mortgage Inches Up Again
Mortgage Delinquency Rate Remains Near Record Low
No state posted an annual increase in overall delinquency rates in February. Continue Reading Mortgage Delinquency Rate Remains Near Record Low
MBA: Mortgage Application Payments Up 1.6% to $2,093 in March
The national PAPI rose to 171.5 in March from 168.9 in February, a record high. Continue Reading MBA: Mortgage Application Payments Up 1.6% to $2,093 in March
MBA: Mortgage Applications Up 3.7%
The seasonally adjusted Purchase Index increased 5%. Continue Reading MBA: Mortgage Applications Up 3.7%
Recent Posts
National Luxury Housing Threshold Down During August- Lawsuits Filed Against 9-Person Team Behind Texas Deed Theft Ring
- Report: Property Insurance Accounts for 9.6% of Average Mortgage Payment
- Existing Home Sales Slowed in August Despite a Nearly 7-Year Inventory High
- Jerome Powell Sells Maryland Mansion for $7.2 Million
