Despite mortgage rates reaching their highest levels since November 2022, overall app volume rose week-over-week, led by an increase in both FHA and VA purchase applications.
Read More »The Loan Store Acquires Homepoint’s Wholesale Operations
A nine-year participant in the originations market, Homepoint has announced the sale of certain assets of the company’s wholesale origination channel to national wholesale lender The Loan Store Inc.
Read More »Cash-Out Refis Could Trap Many Borrowers
The American Enterprise Institute and Center for Responsible Lending are jointly warning borrowers that cash-out refinances may worsen their financial stability for years to come by shouldering monthly payments that are significantly higher.
Read More »Purchase Apps Fall Nearly 40% YoY
After five consecutive weeks of decreases, a slight uptick in mortgage rates forced mortgage app volume to fall nearly 8% week-over-week.
Read More »Refis Begin to Trend Upward
The MBA reports that the downturn in mortgage rates has triggered homebuyer interest, as overall app volume has increased for the second consecutive week, and refinance activity rose 6% week-over-week.
Read More »Mortgage Rates Continue Largest Decline Since 2008
Mortgage rates fell for the fourth consecutive week, and with lingering concerns over less-than-stellar economic growth, overall homebuyer sentiment continues to lag.
Read More »Inlanta Mortgage Acquired by Guild Mortgage
San Diego-based lender increases its market share in the Midwest by agreeing to acquire Wisconsin-based Inlanta Mortgage, a lender currently operating in 27 states.
Read More »HUD Report: Veteran Homelessness Decreased 11% From 2020
New data from HUD revealed an 11% drop in Veteran homelessness from 2020, the largest decline in 5 years, representing an overall 55% reduction in Veterans experiencing homelessness since 2010.
Read More »Mortgage Application Activity Falls to 22-Year Low
Rising rates and a dwindling demand for refis has pushed mortgage applications down for a third consecutive week, falling to lows last seen in 2000.
Read More »Op-Ed: Program Assists Frontline Workers With Affordability Issues
Abby Waltz, National Director for Homes for Heroes, explains how Florida’s new Hometown Heroes Housing Program is a small step in the right direction to assist frontline workers achieve the American dream of homeownership.
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