News

The average rate on a 30-year mortgage in the U.S. fell this week for the first time in a month, but borrowing costs for ...
according to the Mortgage Bankers Association. The slide comes as mortgage rates saw another increase to 6.89% for the week ending May 29, according to Freddie Mac. The increase was fueled by ...
Mortgage applications decreased by 3.9% for the week ending May 30. But economists and LOs say the year-to-date landscape looks much better.
What starts as a lifeline can turn into a minefield if the borrower ghosts the lender. Following these three steps can help ...
Life insurance companies’ portfolios had a 0.47% delinquency rate, a four basis-point increase from the previous three months ...
Many mortgage bankers generate revenue by charging borrowers an origination fee. Once a mortgage banker originates a loan, the banker can keep the loan in its portfolio and service it ...
according to the Mortgage Bankers Association. Applications for a loan to buy a home are still up 18% from a year earlier. Recent data suggest sales could slow further in coming months.
Commercial banks have dropped about 17% in their share of origination.
Last week, mortgage applications fell 17%, according to the Mortgage Bankers Association (MBA). Year over year, the MBA refinance index was up 111% while the purchase index was only up 7%.