Through issuance of updates to its Housing Counseling Program Handbook, HUD will provide participants with the latest guidance to assist consumers with their housing needs, including enhanced guidance on HECMs.
Read More »Mortgage Rates Top 7% for Fourth Straight Week
“The housing market appears to be stuck heading into autumn, with sales activity likely to stay stagnant until housing inventory increases, and mortgage rates decline to more affordable levels,” said MBA President and CEO Bob Broeksmit. Click through to read more on this week's mortgage rates.
Read More »QC Ally Appoints Jeffrey Flory as Its New CEO
Thirty-year industry veteran joins enterprise loan quality and audit services provider to help drive QC Ally’s core pillars of partnership, excellence, and quality.
Read More »Overall Mortgage App Volume Falls to 27-Year Low
Despite a slight dip in mortgage rates, the MBA reports that mortgage application volume has fallen to lows last reported in December 1996, as rates and housing inventory continue to serve as major barriers to entry into the housing market.
Read More »Julie Signorille-Browne Promoted to Senior EVP and COO of NYCB
Former EVP and COO of the consumer bank at Citizens Financial Group brings 30-plus years of experience to her new role overseeing the conversions of both Flagstar and Signature Bank under the NYCB umbrella.
Read More »ICE Completes Acquisition of Black Knight for Approximately $12B
After settling FTC concerns order over antitrust issues surrounding ICE’s acquisition of Black Knight, the deal has been finalized, with federal regulators dropping their opposition to the acquisition.
Read More »Fay Financial Adds Stephen Thomas to Its Board of Directors
Newest Board member of Fay Financial brings 30 years of experience in residential mortgage, community banking, affordable housing, and diversity and inclusion initiatives to his new role.
Read More »Mortgage Rates Fall After Reaching Two-Decade High
After the fixed-rate mortgage hit levels recorded 21 years ago, Freddie Mac reported a five-basis point week-over-week slip in rates, and despite continued high rates, the nation’s short supply is keeping house prices steady.
Read More »The Money Store Adds to Its C-Suite With Addition of John Palmiotto
Direct mortgage lender adds former Chief of Retail Production at Guaranteed Rate to serve as its new Chief Production Officer.
Read More »Mortgage App Volume Rises for First Time in Five Weeks
Despite fixed-rate mortgages moving upward to levels last recorded in December 2000, the MBA reports both purchase and refi apps rose week-over-week, the first such increase in over a month.
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